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Registered number: 11517292
MJMorris Leisure Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
The Boss Partnership
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11517292
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,875 59,375
Tangible Assets 5 11,657 14,689
61,532 74,064
CURRENT ASSETS
Stocks 16,520 19,105
Debtors 18,665 20,452
Cash at bank and in hand 3,784 15,625
38,969 55,182
Creditors: Amounts Falling Due Within One Year (217,467 ) (174,695 )
NET CURRENT ASSETS (LIABILITIES) (178,498 ) (119,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES (116,966 ) (45,449 )
Creditors: Amounts Falling Due After More Than One Year (17,442 ) (27,500 )
NET LIABILITIES (134,408 ) (72,949 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (134,410 ) (72,951 )
SHAREHOLDERS' FUNDS (134,408) (72,949)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
J P Morris
Director
15/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
MJMorris Leisure Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11517292 . The registered office is 19 High Street, Sutton Coldfield, B72 1XS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20&% Straight Line
Computer Equipment 33% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
12 12
4. Intangible Assets
Total
£
Cost
As at 1 September 2022 95,000
As at 31 August 2023 95,000
Amortisation
As at 1 September 2022 35,625
Provided during the period 9,500
As at 31 August 2023 45,125
Net Book Value
As at 31 August 2023 49,875
As at 1 September 2022 59,375
5. Tangible Assets
Total
£
Cost
As at 1 September 2022 32,473
As at 31 August 2023 32,473
Depreciation
As at 1 September 2022 17,784
Provided during the period 3,032
As at 31 August 2023 20,816
Net Book Value
As at 31 August 2023 11,657
As at 1 September 2022 14,689
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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