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REGISTERED NUMBER: 09433862 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2024

for

MJL TRADING LIMITED

MJL TRADING LIMITED (REGISTERED NUMBER: 09433862)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


MJL TRADING LIMITED (REGISTERED NUMBER: 09433862)

Balance Sheet
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,829 5,938

CURRENT ASSETS
Stocks 298,967 327,900
Debtors 5 236,969 222,084
Cash at bank 350,802 140,375
886,738 690,359
CREDITORS
Amounts falling due within one year 6 240,309 203,379
NET CURRENT ASSETS 646,429 486,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,258

492,918

CREDITORS
Amounts falling due after more than one
year

7

(12,490

)

(23,316

)

PROVISIONS FOR LIABILITIES 8 (1,957 ) (1,485 )
NET ASSETS 639,811 468,117

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 639,711 468,017
SHAREHOLDERS' FUNDS 639,811 468,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





M J Liptrot - Director


MJL TRADING LIMITED (REGISTERED NUMBER: 09433862)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

MJL Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09433862

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MJL TRADING LIMITED (REGISTERED NUMBER: 09433862)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 4,891 1,845 7,208 13,944
Additions - - 4,500 4,500
At 28 February 2024 4,891 1,845 11,708 18,444
DEPRECIATION
At 1 March 2023 4,589 1,615 1,802 8,006
Charge for year 76 57 2,476 2,609
At 28 February 2024 4,665 1,672 4,278 10,615
NET BOOK VALUE
At 28 February 2024 226 173 7,430 7,829
At 28 February 2023 302 230 5,406 5,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 18,785 3,900
Other debtors 218,184 218,184
236,969 222,084

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,648 9,934
Trade creditors 3,400 1,416
Taxation and social security 112,823 106,087
Other creditors 113,438 85,942
240,309 203,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans 12,490 23,316

8. PROVISIONS FOR LIABILITIES
28.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 1,957 1,485

MJL TRADING LIMITED (REGISTERED NUMBER: 09433862)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 1,485
Charge to Statement of Income and Retained Earnings during year 472
Balance at 28 February 2024 1,957

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100