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REGISTERED NUMBER: 03352385 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MDJ SERVICES LIMITED

MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MDJ SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Jenkins
T P Jenkins
S J Kemp
A L Ripley





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 03352385 (England and Wales)






MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 141,242 159,888
Tangible assets 5 57,588 75,631
198,830 235,519

CURRENT ASSETS
Stocks 85,217 92,162
Debtors 6 367,922 320,207
Cash at bank 16,692 94,599
469,831 506,968
CREDITORS
Amounts falling due within one year 7 290,578 263,643
NET CURRENT ASSETS 179,253 243,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,083

478,844

CREDITORS
Amounts falling due after more than one
year

8

(263,653

)

(341,818

)

PROVISIONS FOR LIABILITIES (10,942 ) (14,370 )
NET ASSETS 103,488 122,656

CAPITAL AND RESERVES
Called up share capital 107 106
Share premium 79 79
Retained earnings 103,302 122,471
SHAREHOLDERS' FUNDS 103,488 122,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




D J Jenkins - Director



S J Kemp - Director


MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MDJ Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 186,453
AMORTISATION
At 1 January 2023 26,565
Charge for year 18,646
At 31 December 2023 45,211
NET BOOK VALUE
At 31 December 2023 141,242
At 31 December 2022 159,888

5. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 85,209 40,707 109,865 235,781
Additions - 1,285 11,302 12,587
At 31 December 2023 85,209 41,992 121,167 248,368
DEPRECIATION
At 1 January 2023 63,798 22,397 73,955 160,150
Charge for year 8,454 6,670 15,506 30,630
At 31 December 2023 72,252 29,067 89,461 190,780
NET BOOK VALUE
At 31 December 2023 12,957 12,925 31,706 57,588
At 31 December 2022 21,411 18,310 35,910 75,631

MDJ SERVICES LIMITED (REGISTERED NUMBER: 03352385)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 317,237 272,488
Other debtors 37,571 37,571
Prepayments and accrued income 13,114 10,148
367,922 320,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 78,168 75,473
Trade creditors 31,231 25,733
Tax 57,350 35,596
Social security and other taxes 9,945 11,754
VAT 93,884 95,087
Directors' current accounts 20,000 20,000
290,578 263,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 62,415 78,166
Bank loans - 2-5 years 201,238 263,652
263,653 341,818