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Registration number: 08685073

MJB Consultancy (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

MJB Consultancy (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

MJB Consultancy (UK) Limited

Company Information

Director

MJ Browning

Registered office

39 Victoria Road
Bidford on Avon
Alcester
Warwickshire
B50 4AR

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

MJB Consultancy (UK) Limited

(Registration number: 08685073)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,360

3,266

Current assets

 

Debtors

6

1,984

13,500

Cash at bank and in hand

 

42,512

53,476

 

44,496

66,976

Creditors: Amounts falling due within one year

7

(2,158)

(10,784)

Net current assets

 

42,338

56,192

Net assets

 

44,698

59,458

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

44,598

59,358

Shareholders' funds

 

44,698

59,458

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 November 2023
 

.........................................
MJ Browning
Director

 

MJB Consultancy (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 Victoria Road
Bidford on Avon
Alcester
Warwickshire
B50 4AR
United Kingdom

These financial statements were authorised for issue by the director on 21 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MJB Consultancy (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.3% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 5 years

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

MJB Consultancy (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2022

85,000

85,000

At 30 September 2023

85,000

85,000

Amortisation

At 1 October 2022

85,000

85,000

At 30 September 2023

85,000

85,000

Carrying amount

At 30 September 2023

-

-

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

8,025

8,025

Additions

2,378

2,378

Disposals

(629)

(629)

At 30 September 2023

9,774

9,774

Depreciation

At 1 October 2022

4,759

4,759

Charge for the year

2,862

2,862

Eliminated on disposal

(207)

(207)

At 30 September 2023

7,414

7,414

Carrying amount

At 30 September 2023

2,360

2,360

At 30 September 2022

3,266

3,266

 

MJB Consultancy (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

13,500

Other debtors

1,984

-

 

1,984

13,500

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors current account

9

844

12

Other creditors

 

1,314

10,772

 

2,158

10,784

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

MJB Consultancy (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

9

Related party transactions

Transactions with the director

2022

At 1 October 2021
£

Advances to director
£

Repayments by director
£

At 30 September 2022
£

MJ Browning

Interest bearing loan, repayable on demand

3,704

1,884

(5,600)

(12)