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REGISTERED NUMBER: 04936358 (England and Wales)












M & J Distributors Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






M & J Distributors Limited (Registered number: 04936358)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


M & J Distributors Limited

Company Information
for the Year Ended 29 February 2024







Directors: S Henshaw
M Henshaw





Secretary: M Henshaw





Registered office: Unit A
Hanix Building
Windmill Lane
Denton
Manchester
M34 3SP





Registered number: 04936358 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

M & J Distributors Limited (Registered number: 04936358)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,682 5,200

Current assets
Stocks 240,650 248,673
Debtors 5 35,643 23,329
Cash at bank and in hand 149,114 140,000
425,407 412,002
Creditors
Amounts falling due within one year 6 122,807 73,609
Net current assets 302,600 338,393
Total assets less current liabilities 308,282 343,593

Provisions for liabilities 1,079 988
Net assets 307,203 342,605

Capital and reserves
Called up share capital 7 150 150
Retained earnings 307,053 342,455
Shareholders' funds 307,203 342,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M & J Distributors Limited (Registered number: 04936358)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





S Henshaw - Director


M & J Distributors Limited (Registered number: 04936358)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

M & J Distributors Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

M & J Distributors Limited (Registered number: 04936358)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 March 2023 5,738 7,479 10,050 6,421 29,688
Additions - 2,420 - 259 2,679
At 29 February 2024 5,738 9,899 10,050 6,680 32,367
Depreciation
At 1 March 2023 3,921 6,872 7,665 6,030 24,488
Charge for year 454 756 596 391 2,197
At 29 February 2024 4,375 7,628 8,261 6,421 26,685
Net book value
At 29 February 2024 1,363 2,271 1,789 259 5,682
At 28 February 2023 1,817 607 2,385 391 5,200

5. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 32,607 20,293
Prepayments 3,036 3,036
35,643 23,329

M & J Distributors Limited (Registered number: 04936358)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade creditors 86,904 26,933
Corporation tax 10,235 12,072
Social security and other taxes 4,636 4,621
Pension creditors 619 627
VAT 9,702 20,226
Directors' current accounts 7,227 5,904
Accrued expenses 3,484 3,226
122,807 73,609

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
75 Ordinary Shares £1 75 75
75 Ordinary A Shares £1 75 75
150 150