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Company Registration No. 11811641 (England and Wales)
MJB ASSET MANAGEMENT LTD Unaudited accounts for the year ended 28 February 2023
MJB ASSET MANAGEMENT LTD Unaudited accounts Contents
Page
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MJB ASSET MANAGEMENT LTD Company Information for the year ended 28 February 2023
Director
Martin Bradshaw
Company Number
11811641 (England and Wales)
Registered Office
23 LOWER BROOK STREET IPSWICH SUFFOLK IP4 1AQ ENGLAND
Accountants
Tax Nest Accountants Ltd Office 18 241E, High Street North London E12 6SJ
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MJB ASSET MANAGEMENT LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,115 
- 
Investments
32,018 
27,450 
33,133 
27,450 
Current assets
Debtors
567 
- 
Cash at bank and in hand
70,434 
97,000 
71,001 
97,000 
Creditors: amounts falling due within one year
(6,920)
(45,714)
Net current assets
64,081 
51,286 
Net assets
97,214 
78,736 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
97,213 
78,735 
Shareholders' funds
97,214 
78,736 
For the year ending 28 February 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 13 November 2023 and were signed on its behalf by
Martin Bradshaw Director Company Registration No. 11811641
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MJB ASSET MANAGEMENT LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MJB ASSET MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11811641. The registered office is 23 LOWER BROOK STREET, IPSWICH, SUFFOLK, IP4 1AQ, 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
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
20% WDV
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MJB ASSET MANAGEMENT LTD Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
1,134 
At 28 February 2023
1,134 
Depreciation
Charge for the year
19 
At 28 February 2023
19 
Net book value
At 28 February 2023
1,115 
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
27,450 
Additions
4,568 
Valuation at 28 February 2023
32,018 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
567 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,992 
20,714 
Other creditors
- 
25,000 
Loans from directors
1,428 
- 
Accruals
1,500 
- 
6,920 
45,714 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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