Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11368498 Miss Sarah Durber Mr Max Plotnek Mr Max Julian Plotnek true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11368498 2023-05-31 11368498 2024-05-31 11368498 2023-06-01 2024-05-31 11368498 frs-core:CurrentFinancialInstruments 2024-05-31 11368498 frs-core:BetweenOneFiveYears 2024-05-31 11368498 frs-core:ComputerEquipment 2024-05-31 11368498 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11368498 frs-core:ComputerEquipment 2023-05-31 11368498 frs-core:FurnitureFittings 2024-05-31 11368498 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11368498 frs-core:FurnitureFittings 2023-05-31 11368498 frs-core:MotorVehicles 2024-05-31 11368498 frs-core:MotorVehicles 2023-06-01 2024-05-31 11368498 frs-core:MotorVehicles 2023-05-31 11368498 frs-core:WithinOneYear 2024-05-31 11368498 frs-core:ShareCapital 2024-05-31 11368498 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11368498 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11368498 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11368498 frs-bus:SmallEntities 2023-06-01 2024-05-31 11368498 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11368498 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11368498 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 11368498 frs-bus:OrdinaryShareClass2 2024-05-31 11368498 frs-bus:OrdinaryShareClass3 2023-06-01 2024-05-31 11368498 frs-bus:OrdinaryShareClass3 2024-05-31 11368498 frs-bus:OrdinaryShareClass4 2023-06-01 2024-05-31 11368498 frs-bus:OrdinaryShareClass4 2024-05-31 11368498 1 2023-06-01 2024-05-31 11368498 frs-bus:Director1 2023-06-01 2024-05-31 11368498 frs-bus:Director2 2023-06-01 2024-05-31 11368498 frs-countries:EnglandWales 2023-06-01 2024-05-31 11368498 2022-05-31 11368498 2023-05-31 11368498 2022-06-01 2023-05-31 11368498 frs-core:CurrentFinancialInstruments 2023-05-31 11368498 frs-core:BetweenOneFiveYears 2023-05-31 11368498 frs-core:WithinOneYear 2023-05-31 11368498 frs-core:ShareCapital 2023-05-31 11368498 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 11368498 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31 11368498 frs-bus:OrdinaryShareClass3 2022-06-01 2023-05-31 11368498 frs-bus:OrdinaryShareClass4 2022-06-01 2023-05-31
Registered number: 11368498
MJP Planning Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 11368498
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,020 3,370
3,020 3,370
CURRENT ASSETS
Debtors 5 43,933 13,083
Cash at bank and in hand 262,031 167,047
305,964 180,130
Creditors: Amounts Falling Due Within One Year 6 (118,960 ) (83,663 )
NET CURRENT ASSETS (LIABILITIES) 187,004 96,467
TOTAL ASSETS LESS CURRENT LIABILITIES 190,024 99,837
NET ASSETS 190,024 99,837
CAPITAL AND RESERVES
Called up share capital 7 102 102
Income Statement 189,922 99,735
SHAREHOLDERS' FUNDS 190,024 99,837
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Max Plotnek
Director
4 October 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MJP Planning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11368498 . The registered office is 320 City Road, London, EC1V 2NZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight Line Basis
Fixtures & Fittings 20% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 874 - 4,445 5,319
Additions - 283 416 699
Disposals - - (1,649 ) (1,649 )
As at 31 May 2024 874 283 3,212 4,369
Depreciation
As at 1 June 2023 - - 1,949 1,949
Provided during the period 175 71 803 1,049
Disposals - - (1,649 ) (1,649 )
As at 31 May 2024 175 71 1,103 1,349
Net Book Value
As at 31 May 2024 699 212 2,109 3,020
As at 1 June 2023 874 - 2,496 3,370
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,978 12,300
Prepayments and accrued income 863 783
Directors' loan accounts 92 -
43,933 13,083
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,010 1,286
Corporation tax 78,841 49,760
VAT 29,109 23,982
Other creditors 9,000 6,071
Accruals and deferred income - 423
Directors' loan accounts - 2,141
118,960 83,663
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.000 each 100 100
1 Ordinary B shares of £ 1.000 each 1 1
1 Ordinary C shares of £ 1.000 each 1 1
102 102
Page 3
Page 4
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,007 -
Later than one year and not later than five years 7,007 -
14,014 -
9. Directors Advances, Credits and Guarantees
Included within the debtors at the year end is £92 (2023: £2,141 cr) owed by the directors. This amount is interest free and repayable upon demand.
10. Ultimate Controlling Party
There is no ultimate controlling party as each director owns 50% of the issued share capital.
Page 4