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REGISTERED NUMBER: 13523595 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

MJL LETTINGS LTD

MJL LETTINGS LTD (REGISTERED NUMBER: 13523595)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MJL LETTINGS LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2023







Director: M J Liptrot





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 13523595 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

MJL LETTINGS LTD (REGISTERED NUMBER: 13523595)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 110,000 66,776

CURRENT ASSETS
Stocks - 197,749
Cash at bank 356,139 -
356,139 197,749
CREDITORS
Amounts falling due within one year 5 261,937 270,126
NET CURRENT ASSETS/(LIABILITIES) 94,202 (72,377 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,202

(5,601

)

PROVISIONS FOR LIABILITIES 6 10,806 -
NET ASSETS/(LIABILITIES) 193,396 (5,601 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 32,418 -
Retained earnings 160,977 (5,602 )
SHAREHOLDERS' FUNDS 193,396 (5,601 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 January 2024 and were signed by:





M J Liptrot - Director


MJL LETTINGS LTD (REGISTERED NUMBER: 13523595)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

MJL Lettings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MJL LETTINGS LTD (REGISTERED NUMBER: 13523595)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 66,776
Revaluations 43,224
At 31 July 2023 110,000
NET BOOK VALUE
At 31 July 2023 110,000
At 31 July 2022 66,776

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 66,776
Valuation in 2023 43,224
110,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
as restated
£    £   
Bank loans and overdrafts - 673
Taxation and social security 42,515 -
Other creditors 219,422 269,453
261,937 270,126

6. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
as restated
£    £   
Deferred tax 10,806 -

Deferred
tax
£   
Utilised during year 10,806
Balance at 31 July 2023 10,806

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: as restated
£    £   
1 Ordinary £1 1 1

MJL LETTINGS LTD (REGISTERED NUMBER: 13523595)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

8. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 32,418

At 31 July 2023 32,418