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Company Registration No. 12193459 (England and Wales)
MTJ Engineering Limited Unaudited accounts for the year ended 30 September 2023
MTJ Engineering Limited Unaudited accounts Contents
Page
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MTJ Engineering Limited Company Information for the year ended 30 September 2023
Director
Michael Johnson
Company Number
12193459 (England and Wales)
Registered Office
51 Wilmslow Road Cheadle Cheshire SK8 1HG England
Accountants
SJM Accounting Services 51 Wilmslow Road Cheadle Stockport Cheshire SK8 1HG
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MTJ Engineering Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,406 
3,208 
Current assets
Debtors
1,783 
3,104 
Cash at bank and in hand
60,873 
3,774 
62,656 
6,878 
Creditors: amounts falling due within one year
(13,792)
(2,926)
Net current assets
48,864 
3,952 
Total assets less current liabilities
51,270 
7,160 
Provisions for liabilities
Deferred tax
(465)
(489)
Net assets
50,805 
6,671 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
50,795 
6,661 
Shareholders' funds
50,805 
6,671 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2023 and were signed on its behalf by
Michael Johnson Director Company Registration No. 12193459
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MTJ Engineering Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
MTJ Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 12193459. The registered office is 51 Wilmslow Road, Cheadle, Cheshire, SK8 1HG, England. The principal place of business is 21 Lynn Avenue, Sale, Cheshire, M33 7BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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MTJ Engineering Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
5,827 
367 
310 
6,504 
At 30 September 2023
5,827 
367 
310 
6,504 
Depreciation
At 1 October 2022
2,934 
52 
310 
3,296 
Charge for the year
723 
79 
- 
802 
At 30 September 2023
3,657 
131 
310 
4,098 
Net book value
At 30 September 2023
2,170 
236 
- 
2,406 
At 30 September 2022
2,893 
315 
- 
3,208 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,783 
3,104 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
10,923 
(291)
Loans from directors
2,082 
2,462 
Accruals
787 
755 
13,792 
2,926 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
465 
489 
2023 
2022 
£ 
£ 
Provision at start of year
489 
637 
Credited to the profit and loss account
(24)
(148)
Provision at end of year
465 
489 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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MTJ Engineering Limited Notes to the Accounts for the year ended 30 September 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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