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Company Registration No. 4442110 (England and Wales)
MJM Carpentry Limited Unaudited accounts for the year ended 31 May 2024
MJM Carpentry Limited Unaudited accounts Contents
Page
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MJM Carpentry Limited Company Information for the year ended 31 May 2024
Directors
Paul Lacey Sally Lacey
Company Number
4442110 (England and Wales)
Registered Office
MEADOW VIEW RIDGEWAY CHESTFIELD WHITSTABLE KENT CT5 3JT
Accountants
Julie Thatcher Bookkeeping & Accountancy 88 Herne Bay Road Whitstable Kent CT5 2LX
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MJM Carpentry Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,637 
8,217 
Current assets
Debtors
2,990 
3,279 
Cash at bank and in hand
4,903 
9,439 
7,893 
12,718 
Creditors: amounts falling due within one year
(10,541)
(14,794)
Net current liabilities
(2,648)
(2,076)
Total assets less current liabilities
2,989 
6,141 
Provisions for liabilities
Deferred tax
(1,026)
(1,539)
Net assets
1,963 
4,602 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,961 
4,600 
Shareholders' funds
1,963 
4,602 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
Sally Lacey Director Company Registration No. 4442110
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MJM Carpentry Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MJM Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 4442110. The registered office is MEADOW VIEW RIDGEWAY, CHESTFIELD, WHITSTABLE, KENT, CT5 3JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 3yrs
Motor vehicles
Straight Line 5yrs
Computer equipment
Straight Line 5yrs
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
26,624 
Additions
270 
At 31 May 2024
26,894 
Depreciation
At 1 June 2023
18,407 
Charge for the year
2,850 
At 31 May 2024
21,257 
Net book value
At 31 May 2024
5,637 
At 31 May 2023
8,217 
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MJM Carpentry Limited Notes to the Accounts for the year ended 31 May 2024
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,026 
1,539 
2024 
2023 
£ 
£ 
Provision at start of year
1,539 
2,052 
Credited to the profit and loss account
(513)
(513)
Provision at end of year
1,026 
1,539 
MJM Carpentry Limited applies a straight line method of depreciation, but it uses an accelerated depreciation method for tax purposes. In the next period, we expect certain deferred tax liabilities to reverse. This reversal is primarily due to the depreciation method difference between financial reporting and tax reporting due to claims of Annual Investment Allowance. We expect the deferred tax liability to reverse by £513 in the next period, subject to new additions and disposals of company assets.
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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