Company registration number 14319937 (England and Wales)
MCJ Trading Ltd
Unaudited
financial statements
for the period ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
MCJ Trading Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
MCJ Trading Ltd
Statement of financial position
as at 31 August 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
56,712
Current assets
Stocks
255,468
Debtors
51,980
Cash at bank and in hand
55,239
362,687
Creditors: amounts falling due within one year
(259,459)
Net current assets
103,228
Total assets less current liabilities
159,940
Provisions for liabilities
(9,046)
Net assets
150,894
Capital and reserves
Called up share capital
100
Profit and loss reserves
150,794
Total equity
150,894

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

MCJ Trading Ltd
Statement of financial position (continued)
as at 31 August 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 February 2024
M C John
Director
Company registration number 14319937 (England and Wales)
MCJ Trading Ltd
Notes to the financial statements
for the period ended 31 August 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised on the performance of a contractual service obligation where a right to consideration is due.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% Staight line
Computers
10% Straight line
Motor vehicles
25% Reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

MCJ Trading Ltd
Notes to the financial statements (continued)
for the period ended 31 August 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 26 August 2022
-
0
-
0
-
0
-
0
Additions
17,040
6,102
37,203
60,345
At 31 August 2023
17,040
6,102
37,203
60,345
Depreciation and impairment
At 26 August 2022
-
0
-
0
-
0
-
0
Depreciation charged in the period
750
356
2,527
3,633
At 31 August 2023
750
356
2,527
3,633
Carrying amount
At 31 August 2023
16,290
5,746
34,676
56,712
5
Company information

MCJ Trading Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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