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Registered number: 08354091

M & J Engineering Special Alloy Machining Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

M & J Engineering Special Alloy Machining Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
David Foulstone
Claire Foulstone
REGISTERED OFFICE
39 Finchwell Road
Sheffield
S13 9AS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08354091
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

M & J Engineering Special Alloy Machining Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

M & J Engineering Special Alloy Machining Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Intangible assets364,80072,000
Tangible assets427,21223,370
92,01295,370
CURRENT ASSETS
Stock3,2002,400
Debtors6225,446242,188
Cash at bank and in hand16,02716,022
244,673260,610
CREDITORS: Amounts falling due within one year7220,600245,607
NET CURRENT ASSETS24,07315,003
TOTAL ASSETS LESS CURRENT LIABILITIES116,085110,373
CREDITORS: Amounts falling due after more than one year868,86663,107
PROVISIONS FOR LIABILITIES AND CHARGES94,9384,938
NET ASSETS42,28142,328
CAPITAL AND RESERVES
Called up share capital1033
Profit and loss account42,27842,325
SHAREHOLDERS' FUNDS42,28142,328
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/09/2024 and signed on their behalf by
.............................
David Foulstone
Director

M & J Engineering Special Alloy Machining Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Fixtures and Fittingsreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

M & J Engineering Special Alloy Machining Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees66
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2023144,000144,000
At 31/03/2024144,000144,000
Depreciation
At 01/04/202372,00072,000
For the year7,2007,200
At 31/03/202479,20079,200
Net Book Amounts
At 31/03/202464,80064,800
At 31/03/202372,00072,000
4. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/04/2023100,0002568223,683104,761
Additions7,645---7,645
At 31/03/2024107,6452568223,683112,406
Depreciation
At 01/04/202376,8552565963,68481,391
For the year3,758-45-3,803
At 31/03/202480,6132566413,68485,194
Net Book Amounts
At 31/03/202427,032-181(1)27,212
At 31/03/202323,145-226(1)23,370

M & J Engineering Special Alloy Machining Ltd

5. STOCK 20242023
££
Stock comprises:
Work in progress3,2002,400
3,2002,400
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors174,861179,276
Directors current account50,58562,912
225,446242,188
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax24,81713,020
VAT33,87031,420
PAYE control4,7804,385
Salaries and wages control2,824-
Bank loans and overdrafts12,035-
Bank Loan8,3338,333
Hire purchase15,64113,250
Trade creditors76,395109,723
Other creditors40,66464,664
Pension schemes429-
Accruals812812
220,600245,607
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr53,19138,918
Hire purchase >1yr15,67524,189
68,86663,107

M & J Engineering Special Alloy Machining Ltd

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation4,9384,938
4,9384,938
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33