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Registration number: 03446565

B.J. Min Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

B.J. Min Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

B.J. Min Limited

Company Information

Director

Mr Peter Roberts

Company secretary

Mr Benjamin Peter Roberts

Registered office

Unit 2C,
Mill Park Industrial Estate
Woodbury Salterton
Exeter
Devon
EX5 1EL

Accountants

Neil Wilson & Co Chartered Accountants
Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

B.J. Min Limited

(Registration number: 03446565)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

101,674

101,674

Tangible assets

5

1,939

1,939

 

103,613

103,613

Current assets

 

Debtors

6

2,248

2,248

Creditors: Amounts falling due within one year

7

(55,180)

(55,180)

Net current liabilities

 

(52,932)

(52,932)

Total assets less current liabilities

 

50,681

50,681

Creditors: Amounts falling due after more than one year

7

(50,000)

(50,000)

Net assets

 

681

681

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

(319)

(319)

Shareholders' funds

 

681

681

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

.........................................
Mr Peter Roberts
Director

 

B.J. Min Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2C,
Mill Park Industrial Estate
Woodbury Salterton
Exeter
Devon
EX5 1EL

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development

Nil until completion

 

B.J. Min Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

B.J. Min Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 February 2023

101,674

101,674

At 31 January 2024

101,674

101,674

Amortisation

Carrying amount

At 31 January 2024

101,674

101,674

At 31 January 2023

101,674

101,674

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

67,700

67,700

At 31 January 2024

67,700

67,700

Depreciation

At 1 February 2023

65,761

65,761

At 31 January 2024

65,761

65,761

Carrying amount

At 31 January 2024

1,939

1,939

At 31 January 2023

1,939

1,939

6

Debtors

Current

2024
£

2023
£

Other debtors

2,248

2,248

7

Creditors

Creditors: amounts falling due within one year

 

B.J. Min Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2024
£

2023
£

Due within one year

Other creditors

55,180

55,180

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

50,000

50,000

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

50,000

50,000

10

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

At 31 January 2024
£

Mr Peter Roberts

Director loan

(55,180)

(55,180)

     
   

 

2023

At 1 February 2022
£

At 31 January 2023
£

Mr Peter Roberts

Director loan

(55,180)

(55,180)