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REGISTERED NUMBER: 08065948 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

M&J ENGINEERING (SOHAM) LTD

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&J ENGINEERING (SOHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J L Tester





REGISTERED OFFICE: Unit 10
Northfield Business Park
Northfield Road
Soham
Cambridgeshire
CB7 5UE





REGISTERED NUMBER: 08065948 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 299,507 333,297
299,507 333,297

CURRENT ASSETS
Stocks 4,903 19,308
Debtors 7 206,475 192,512
Cash at bank 35,697 71,180
247,075 283,000
CREDITORS
Amounts falling due within one year 8 (209,763 ) (186,589 )
NET CURRENT ASSETS 37,312 96,411
TOTAL ASSETS LESS CURRENT LIABILITIES 336,819 429,708

CREDITORS
Amounts falling due after more than one year 9 (177,278 ) (213,218 )

PROVISIONS FOR LIABILITIES 12 (62,655 ) (69,012 )
NET ASSETS 96,886 147,478

CAPITAL AND RESERVES
Called up share capital 13 4 4
Retained earnings 96,882 147,474
SHAREHOLDERS' FUNDS 96,886 147,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





J L Tester - Director


M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

M&J Engineering (Soham) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on reducing balance
Plant and machinery - Straight line over 18 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

In respect of contracts for on-going services, turnover represents the net value of work done in the year, including estimates of amounts not invoiced.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 170,000
AMORTISATION
At 1 December 2022
and 30 November 2023 170,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022
and 30 November 2023 9,035 547,322 6,862
DEPRECIATION
At 1 December 2022 7,377 243,281 6,199
Charge for year 332 26,975 173
At 30 November 2023 7,709 270,256 6,372
NET BOOK VALUE
At 30 November 2023 1,326 277,066 490
At 30 November 2022 1,658 304,041 663

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 62,335 30,235 655,789
DEPRECIATION
At 1 December 2022 41,950 23,685 322,492
Charge for year 4,077 2,233 33,790
At 30 November 2023 46,027 25,918 356,282
NET BOOK VALUE
At 30 November 2023 16,308 4,317 299,507
At 30 November 2022 20,385 6,550 333,297

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 446,440
DEPRECIATION
At 1 December 2022 178,978
Charge for year 17,830
At 30 November 2023 196,808
NET BOOK VALUE
At 30 November 2023 249,632
At 30 November 2022 267,462

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 166,824 150,448
Other debtors 39,651 42,064
206,475 192,512

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,132 26,300
Hire purchase contracts (see note 10) 33,899 34,710
Trade creditors 77,126 89,780
Taxation and social security 49,606 32,219
Other creditors - 3,580
209,763 186,589

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 59,607 61,649
Hire purchase contracts (see note 10) 117,671 151,569
177,278 213,218

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 33,899 34,710
Between one and five years 117,671 151,569
151,570 186,279

Non-cancellable operating leases
2023 2022
£    £   
Within one year 27,600 27,600
Between one and five years 56,350 111,550
83,950 139,150

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 108,739 87,949
Hire purchase contracts 151,570 186,279
260,309 274,228

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 56,655 63,012
Dilapidation provision 6,000 6,000
62,655 69,012

M&J ENGINEERING (SOHAM) LTD (REGISTERED NUMBER: 08065948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 63,012
Provided during year (6,357 )
Balance at 30 November 2023 56,655

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2
1 Ordinary A 1p 1 1
1 Ordinary B 1p 1 1
4 4

14. OTHER FINANCIAL COMMITMENTS

Total financial commitments not included on the balance sheet amount to £83,950 (2022 £111,550).

15. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

2023 2022
£    £   
J L Tester
Balance outstanding at start of year 23,085 9,757
Amounts advanced 30,062 23,085
Amounts repaid (23,085 ) (9,757 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,062 23,085

The loan was repaid within 9 months of the year end,