Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29Management consultancy activites02023-03-01false0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13892828 2023-03-01 2024-02-29 13892828 2022-02-03 2023-02-28 13892828 2024-02-29 13892828 2023-02-28 13892828 c:Director1 2023-03-01 2024-02-29 13892828 d:OfficeEquipment 2023-03-01 2024-02-29 13892828 d:OfficeEquipment 2024-02-29 13892828 d:OfficeEquipment 2023-02-28 13892828 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13892828 d:CurrentFinancialInstruments 2024-02-29 13892828 d:CurrentFinancialInstruments 2023-02-28 13892828 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13892828 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13892828 d:ShareCapital 2024-02-29 13892828 d:ShareCapital 2023-02-28 13892828 d:RetainedEarningsAccumulatedLosses 2024-02-29 13892828 d:RetainedEarningsAccumulatedLosses 2023-02-28 13892828 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 13892828 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 13892828 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13892828 c:OrdinaryShareClass1 2024-02-29 13892828 c:OrdinaryShareClass1 2023-02-28 13892828 c:FRS102 2023-03-01 2024-02-29 13892828 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13892828 c:FullAccounts 2023-03-01 2024-02-29 13892828 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13892828









MJRM DIGITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
MJRM DIGITAL LTD
REGISTERED NUMBER: 13892828

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,246
1,762

  
1,246
1,762

CURRENT ASSETS
  

Debtors: amounts falling due within one year
  
299
-

Cash at bank and in hand
  
292,777
363,976

  
293,076
363,976

Creditors: amounts falling due within one year
 6 
(1,501)
(71,128)

NET CURRENT ASSETS
  
 
 
291,575
 
 
292,848

TOTAL ASSETS LESS CURRENT LIABILITIES
  
292,821
294,610

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
(312)
(441)

  
 
 
(312)
 
 
(441)

NET ASSETS
  
292,509
294,169


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
292,508
294,168

  
292,509
294,169


Page 1

 
MJRM DIGITAL LTD
REGISTERED NUMBER: 13892828
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M J R Morris
Director

Date: 27 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


GENERAL INFORMATION

MJRM Digital Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is 33 Salisbury Road, Redland, Bristol, BS6 7AR.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of consultancy services during the period.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


TANGIBLE FIXED ASSETS







Office equipment

£



COST OR VALUATION


At 1 March 2023
2,063



At 29 February 2024

2,063



DEPRECIATION


At 1 March 2023
301


Charge for the year on owned assets
516



At 29 February 2024

817



NET BOOK VALUE



At 29 February 2024
1,246



At 28 February 2023
1,762


5.


DEBTORS

29 February
28 February
2024
2023
£
£


Other debtors
299
-

299
-


Page 6

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29 February
28 February
2024
2023
£
£

Corporation tax
-
68,547

Other creditors
1
1

Accruals and deferred income
1,500
2,580

1,501
71,128



7.


DEFERRED TAXATION






2024


£






At beginning of year
(441)


Charged to profit or loss
129



AT END OF YEAR
(312)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(312)
(441)

(312)
(441)

Page 7

 
MJRM DIGITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


SHARE CAPITAL

29 February
28 February
2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 8