MJ CARS (HUDDERSFIELD) LTD

Company Registration Number:
11825491 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

MJ CARS (HUDDERSFIELD) LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

MJ CARS (HUDDERSFIELD) LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 275,000 50,000
Tangible assets: 4 1,187,170 328,120
Investments: 5 285,000 65,000
Total fixed assets: 1,747,170 443,120
Current assets
Stocks: 386,400 157,200
Debtors:   162,700 52,500
Cash at bank and in hand: 142,650 68,000
Total current assets: 691,750 277,700
Creditors: amounts falling due within one year:   (62,350) (39,320)
Net current assets (liabilities): 629,400 238,380
Total assets less current liabilities: 2,376,570 681,500
Creditors: amounts falling due after more than one year:   (158,200) (63,500)
Provision for liabilities: (100,000) (50,000)
Total net assets (liabilities): 2,118,370 568,000
Capital and reserves
Called up share capital: 100,000 100
Share premium account: 99,900
Other reserves: 425,000 23,500
Profit and loss account: 1,493,470 544,400
Shareholders funds: 2,118,370 568,000

The notes form part of these financial statements

MJ CARS (HUDDERSFIELD) LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: Mr Virgil-Mihail Zorzolan
Status: Director

The notes form part of these financial statements

MJ CARS (HUDDERSFIELD) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MJ CARS (HUDDERSFIELD) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 18 7

MJ CARS (HUDDERSFIELD) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 60,000
Additions 270,000
Disposals (10,000)
Revaluations 20,000
At 28 February 2024 340,000
Amortisation
At 01 March 2023 10,000
Charge for year 55,000
At 28 February 2024 65,000
Net book value
At 28 February 2024 275,000
At 28 February 2023 50,000

MJ CARS (HUDDERSFIELD) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 463,000
Additions 1,056,500
At 28 February 2024 1,519,500
Depreciation
At 01 March 2023 134,880
Charge for year 197,450
At 28 February 2024 332,330
Net book value
At 28 February 2024 1,187,170
At 28 February 2023 328,120

MJ CARS (HUDDERSFIELD) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Fixed investments

Our company fixed investment for 10 years.And mature for fixed income after 2 years.