Company registration number 13529961 (England and Wales)
M & J SCREENING & CRUSHING LTD
Unaudited Financial Statements
for the Year Ended 31 July 2023
M & J SCREENING & CRUSHING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
M & J SCREENING & CRUSHING LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
20,333
15,707
Cash at bank and in hand
236
10,741
20,569
26,448
Creditors: amounts falling due within one year
4
(85,504)
(51,377)
Net current liabilities
(64,935)
(24,929)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(64,936)
(24,930)
Total equity
(64,935)
(24,929)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 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 year 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.

The financial statements were approved and signed by the director and authorised for issue on 19 April 2024
Mr K Hares
Director
Company registration number 13529961 (England and Wales)
M & J SCREENING & CRUSHING LTD
Notes to the Financial Statements
For the Year Ended 31 July 2023
- 2 -
1
Accounting policies
Company information

M & J Screening & Crushing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Willows, Abercanaid Industrial Estate, Merthyr Tydfil, CF48 1YF.

1.1
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

The company recognises Turnover when:

The amount of Turnover can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

M & J SCREENING & CRUSHING LTD
Notes to the Financial Statements
For the Year Ended 31 July 2023
1
Accounting policies
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

2
Employees

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

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
14,573
12,827
Amounts owed by undertakings in which the company has a participating interest
5,760
2,880
20,333
15,707
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
94
-
0
Trade creditors
1,646
5,076
Other creditors
83,764
46,301
85,504
51,377
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