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REGISTERED NUMBER: 12471323 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mjn 2020 Limited

Mjn 2020 Limited (Registered number: 12471323)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mjn 2020 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Nicholas Gareth Thomas
Mr Matthew John Farrell
Mr John Ennis





REGISTERED OFFICE: 79 Seel Street
Liverpool
Merseyside
L1 4BB





REGISTERED NUMBER: 12471323 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Mjn 2020 Limited (Registered number: 12471323)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,786 140,834

CURRENT ASSETS
Stocks - 8,524
Debtors 5 24,139 3,587
Cash at bank and in hand 3 13,155
24,142 25,266
CREDITORS
Amounts falling due within one year 6 37,680 98,152
NET CURRENT LIABILITIES (13,538 ) (72,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,248

67,948

CREDITORS
Amounts falling due after more than one
year

7

(46,709

)

(49,981

)

PROVISIONS FOR LIABILITIES (12,361 ) (3,597 )
NET ASSETS 49,178 14,370

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 49,088 14,280
49,178 14,370

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

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

Mjn 2020 Limited (Registered number: 12471323)

Balance Sheet - continued
31 March 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 13 August 2024 and were signed on its behalf by:





Mr Matthew John Farrell - Director


Mjn 2020 Limited (Registered number: 12471323)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mjn 2020 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

Mjn 2020 Limited (Registered number: 12471323)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 109,209 70,548 274 180,031
DEPRECIATION
At 1 April 2023 18,023 21,119 55 39,197
Charge for year 9,118 9,886 44 19,048
At 31 March 2024 27,141 31,005 99 58,245
NET BOOK VALUE
At 31 March 2024 82,068 39,543 175 121,786
At 31 March 2023 91,186 49,429 219 140,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 3,587
Other debtors 24,139 -
24,139 3,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,582 8,930
Trade creditors - 287
Amounts owed to group undertakings 25,261 71,028
Taxation and social security 9,039 15,066
Other creditors 1,798 2,841
37,680 98,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 46,709 49,981