1 February 2023 v2024.38.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP078957272023-02-012024-01-31078957272024-01-31078957272023-01-3107895727core:WithinOneYear2024-01-3107895727core:WithinOneYear2023-01-3107895727core:ShareCapital2024-01-3107895727core:ShareCapital2023-01-3107895727core:RetainedEarningsAccumulatedLosses2024-01-3107895727core:RetainedEarningsAccumulatedLosses2023-01-3107895727bus:Director12023-02-012024-01-3107895727bus:RegisteredOffice2023-02-012024-01-3107895727core:PlantMachinery2023-02-012024-01-3107895727core:MotorVehicles2023-02-012024-01-3107895727core:OfficeEquipment2023-02-012024-01-31078957272022-02-012023-01-3107895727core:PlantMachinery2023-02-0107895727core:PlantMachinery2024-01-3107895727core:PlantMachinery2023-01-310789572712023-02-012024-01-3107895727countries:EnglandWales2023-02-012024-01-3107895727bus:AuditExemptWithAccountantsReport2023-02-012024-01-3107895727bus:PrivateLimitedCompanyLtd2023-02-012024-01-3107895727bus:SmallEntities2023-02-012024-01-3107895727bus:FullAccounts2023-02-012024-01-31
Company registration number:
07895727
Mjc Controls Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Mjc Controls Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Mjc Controls Limited
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Mjc Controls Limited
for the year ended
31 January 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Mjc Controls Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Mjc Controls Limited
and state those matters that we have agreed to state to the Board of Directors of
Mjc Controls Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Mjc Controls Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Mjc Controls Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Mjc Controls Limited
. You consider that
Mjc Controls Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Mjc Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
7 August 2024
Mjc Controls Limited
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 5
706
 
883
 
Current assets    
Debtors 6
8,065
 
22,124
 
Cash at bank and in hand
6,840
 
8,118
 
14,905
 
30,242
 
Creditors: amounts falling due within one year 7
(13,513
)
(34,051
)
Net current assets/(liabilities)
1,392
 
(3,809
)
Total assets less current liabilities 2,098   (2,926 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
1,998
 
(3,026
)
Shareholders funds/(deficit)
2,098
 
(2,926
)
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 August 2024
, and are signed on behalf of the board by:
M Cartwright
Director
Company registration number:
07895727
Mjc Controls Limited
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
2 Buttermill Close
,
Irlam
,
Manchester
,
M44 6TF
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line
Motor vehicles
20% straight line
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
30,184
 
Additions
526
 
At
31 January 2024
30,710
 
Depreciation  
At
1 February 2023
29,301
 
Charge
703
 
At
31 January 2024
30,004
 
Carrying amount  
At
31 January 2024
706
 
At 31 January 2023
883
 

6 Debtors

20242023
££
Trade debtors
7,536
 
10,064
 
Other debtors
529
 
12,060
 
8,065
 
22,124
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
23,637
 
31,709
 
Other creditors
(10,124
)
2,342
 
13,513
 
34,051
 

8 Directors' advances, credit and guarantees

Included in other debtors is an amount outstanding to M Cartwright of £11,537 which was repaid on the 30th April 2023