Registered number
03661527
MJM Design and Draughting Limited
Filleted Accounts
31 March 2024
MJM Design and Draughting Limited
Registered number: 03661527
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,075 7,840
Current assets
Debtors 4 14 7,855
Cash at bank and in hand 113,897 157,156
113,911 165,011
Creditors: amounts falling due within one year 5 (111,486) (132,186)
Net current assets 2,425 32,825
Total assets less current liabilities 7,500 40,665
Creditors: amounts falling due after more than one year 6 (4,534) (6,597)
Provisions for liabilities (1,000) (1,500)
Net assets 1,966 32,568
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,866 32,468
Shareholders' funds 1,966 32,568
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Mason
Director
Approved by the board on 6 August 2024
MJM Design and Draughting Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers 33% on a straight line basis
Fixtures, fittings, tools and equipment 15% on a straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 50,929
Disposals (4,461)
At 31 March 2024 46,468
Depreciation
At 1 April 2023 43,089
Charge for the year 2,765
On disposals (4,461)
At 31 March 2024 41,393
Net book value
At 31 March 2024 5,075
At 31 March 2023 7,840
4 Debtors 2024 2023
£ £
Trade debtors 14 7,855
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,083 2,083
Other taxes and social security costs 1,068 16,430
Other creditors 108,335 113,673
111,486 132,186
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,534 6,597
7 Other information
MJM Design and Draughting Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Bakers Way
Millers Croft
Hednesford
Staffordshire
WS12 4XZ
MJM Design and Draughting Limited 03661527 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 M Mason No description of principal activity 03661527 2022-04-01 2023-03-31 03661527 core:WithinOneYear 2023-03-31 03661527 core:AfterOneYear 2023-03-31 03661527 core:ShareCapital 2023-03-31 03661527 core:RetainedEarningsAccumulatedLosses 2023-03-31 03661527 2023-04-01 2024-03-31 03661527 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03661527 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03661527 bus:Director40 2023-04-01 2024-03-31 03661527 1 2023-04-01 2024-03-31 03661527 2 2023-04-01 2024-03-31 03661527 core:PlantMachinery 2023-04-01 2024-03-31 03661527 countries:England 2023-04-01 2024-03-31 03661527 bus:FRS102 2023-04-01 2024-03-31 03661527 bus:FilletedAccounts 2023-04-01 2024-03-31 03661527 2024-03-31 03661527 core:WithinOneYear 2024-03-31 03661527 core:AfterOneYear 2024-03-31 03661527 core:ShareCapital 2024-03-31 03661527 core:RetainedEarningsAccumulatedLosses 2024-03-31 03661527 core:PlantMachinery 2024-03-31 03661527 2023-03-31 03661527 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure