0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,768 1,958 554 2,512 256 810 xbrli:pure xbrli:shares iso4217:GBP 07178251 2022-04-01 2023-03-31 07178251 2023-03-31 07178251 2022-03-31 07178251 2021-04-01 2022-03-31 07178251 2022-03-31 07178251 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07178251 bus:Director2 2022-04-01 2023-03-31 07178251 core:WithinOneYear 2023-03-31 07178251 core:WithinOneYear 2022-03-31 07178251 core:ShareCapital 2023-03-31 07178251 core:ShareCapital 2022-03-31 07178251 core:RetainedEarningsAccumulatedLosses 2023-03-31 07178251 core:RetainedEarningsAccumulatedLosses 2022-03-31 07178251 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07178251 core:AcceleratedTaxDepreciationDeferredTax 2022-03-31 07178251 bus:SmallEntities 2022-04-01 2023-03-31 07178251 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07178251 bus:FullAccounts 2022-04-01 2023-03-31 07178251 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07178251 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07178251 bus:OrdinaryShareClass1 2023-03-31 07178251 bus:OrdinaryShareClass1 2022-03-31 07178251 core:OfficeEquipment 2022-04-01 2023-03-31 07178251 core:OfficeEquipment 2023-03-31 07178251 core:OfficeEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 07178251
MJB ASSOCIATES (YORKSHIRE) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
MJB ASSOCIATES (YORKSHIRE) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
MJB ASSOCIATES (YORKSHIRE) LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
256
810
Current assets
Debtors
5
6,376
7,580
Cash at bank and in hand
4,712
4,574
------------
------------
11,088
12,154
Creditors: amounts falling due within one year
6
( 11,178)
( 10,158)
------------
------------
Net current (liabilities)/assets
( 90)
1,996
------------
------------
Total assets less current liabilities
166
2,806
Provisions
Taxation including deferred tax
( 48)
( 154)
------------
------------
Net assets
118
2,652
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
18
2,552
------------
------------
Shareholders funds
118
2,652
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:
C J Ballam
Director
Company registration number: 07178251
MJB ASSOCIATES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 07178251 . The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA. The trading address of the company is 10 Dobroyd, Shepley, Huddersfield, HD8 8AU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
2,768
2,768
------------
------------
Depreciation
At 1 April 2022
1,958
1,958
Charge for the year
554
554
------------
------------
At 31 March 2023
2,512
2,512
------------
------------
Carrying amount
At 31 March 2023
256
256
------------
------------
At 31 March 2022
810
810
------------
------------
5. Debtors
2023
2022
£
£
Trade debtors
6,376
7,580
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,808
2,806
Accruals and deferred income
996
996
Corporation tax
7,181
6,016
Directors loan account
193
340
------------
------------
11,178
10,158
------------
------------
7. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
48
154
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
48
154
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
Included in creditors are loans from the directors of £193 (2022: £340). These loans are unsecured, repayable on demand and currently interest free.
10. Controlling party
The company is controlled by the directors.