Registered number
05667948
MJS Claims Ltd
Filleted Accounts
31 January 2024
MJS Claims Ltd
Registered number: 05667948
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 829 1,749
Current assets
Work in progress 2,520 -
Debtors 4 575 402
Cash at bank and in hand 2,509 2,171
5,604 2,573
Creditors: amounts falling due within one year 5 (9,043) (18,629)
Net current liabilities (3,439) (16,056)
Total assets less current liabilities (2,610) (14,307)
Creditors: amounts falling due after more than one year 6 (299) -
Provisions for liabilities (160) (332)
Net liabilities (3,069) (14,639)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,169) (14,739)
Shareholders' funds (3,069) (14,639)
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.
Mr M J Soulsby
Director
Approved by the board on 27 October 2024
MJS Claims Ltd
Notes to the Accounts
for the year ended 31 January 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 (as applied to small entities by section 1A of the standard).
The company is insolvent at the year end however continues to trade with the support of its Director. The sums withdrawn from the company by the Director reduce after the year end enabling the company to meet its debts.
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 at the following rates:-
Plant and machinery 15% reducing balance
Motor Vehicles 45% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 4,960 45,067 50,027
Additions 799 - 799
Disposals (4,960) (14,583) (19,543)
At 31 January 2024 799 30,484 31,283
Depreciation
At 1 February 2023 3,508 44,770 48,278
Charge for the year 11 34 45
On disposals (3,508) (14,361) (17,869)
At 31 January 2024 11 30,443 30,454
Net book value
At 31 January 2024 788 41 829
At 31 January 2023 1,452 297 1,749
4 Debtors 2024 2023
£ £
Other debtors 575 402
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 300 -
Trade creditors 1,752 2,377
Taxation and social security costs 14,221 15,796
Other creditors (7,230) 456
9,043 18,629
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 299 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr M J Soulsby
Directors loan account 456 (20,150) 12,464 (7,230)
456 (20,150) 12,464 (7,230)
8 Controlling party
The company is controlled by its director.
9 Other information
MJS Claims Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Leamside Way
Bowburn
Durham
DH9 5FJ
MJS Claims Ltd 05667948 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Mr M J Soulsby No description of principal activity 05667948 2022-02-01 2023-01-31 05667948 core:WithinOneYear 2023-01-31 05667948 core:AfterOneYear 2023-01-31 05667948 core:ShareCapital 2023-01-31 05667948 core:RetainedEarningsAccumulatedLosses 2023-01-31 05667948 2023-02-01 2024-01-31 05667948 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05667948 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05667948 bus:Director40 2023-02-01 2024-01-31 05667948 1 2023-02-01 2024-01-31 05667948 2 2023-02-01 2024-01-31 05667948 core:PlantMachinery 2023-02-01 2024-01-31 05667948 core:Vehicles 2023-02-01 2024-01-31 05667948 bus:Director1 2023-02-01 2024-01-31 05667948 bus:Director1 1 2023-02-01 2024-01-31 05667948 countries:England 2023-02-01 2024-01-31 05667948 bus:FRS102 2023-02-01 2024-01-31 05667948 bus:FilletedAccounts 2023-02-01 2024-01-31 05667948 2024-01-31 05667948 core:WithinOneYear 2024-01-31 05667948 core:AfterOneYear 2024-01-31 05667948 core:ShareCapital 2024-01-31 05667948 core:RetainedEarningsAccumulatedLosses 2024-01-31 05667948 core:PlantMachinery 2024-01-31 05667948 core:Vehicles 2024-01-31 05667948 bus:Director1 1 2024-01-31 05667948 2023-01-31 05667948 core:PlantMachinery 2023-01-31 05667948 core:Vehicles 2023-01-31 05667948 bus:Director1 1 2023-01-31 iso4217:GBP xbrli:pure