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REGISTERED NUMBER: 09977626 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MJ KITCHENS LIMITED
T/A
DREAM DOORS (TRURO)

MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJ KITCHENS LIMITED
T/A DREAM DOORS (TRURO)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M R Jones
C L Jones





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 09977626 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5,500 14,036
Debtors 6 32,274 27,635
Cash at bank and in hand 42,116 19,113
79,890 60,784
CREDITORS
Amounts falling due within one year 7 76,914 61,555
NET CURRENT ASSETS/(LIABILITIES) 2,976 (771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,976

(771

)

CREDITORS
Amounts falling due after more than one
year

8

13,394

23,257
NET LIABILITIES (10,418 ) (24,028 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,420 ) (24,030 )
SHAREHOLDERS' FUNDS (10,418 ) (24,028 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)

BALANCE SHEET - continued
31 JANUARY 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





M R Jones - Director


MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

MJ Kitchens 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
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 etc - 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 Profit and loss, 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.

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.

Going concern
At the Balance sheet date, the Company has net liabilities amounting to £10,418. The directors are owed £13,575. The Company is reliant upon the support of it's Directors. The Directors consider the Going Concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 8,925
AMORTISATION
At 1 February 2023
and 31 January 2024 8,925
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 742
DEPRECIATION
At 1 February 2023
and 31 January 2024 742
NET BOOK VALUE
At 31 January 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,562 2,971
Amounts recoverable on contract 13,269 21,880
Other debtors 3,443 2,784
32,274 27,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,649 10,648
Payments on account 29,533 21,898
Trade creditors 9,445 6,916
Taxation and social security 10,564 7,289
Other creditors 16,723 14,804
76,914 61,555

MJ KITCHENS LIMITED (REGISTERED NUMBER: 09977626)
T/A DREAM DOORS (TRURO)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,394 23,257

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, M R Jones and Mrs C L Jones, by virtue of their shareholding.