Registered number
14261556
MLJ Management Training Ltd
Unaudited Filleted Accounts
31 July 2024
MLJ Management Training Ltd
Registered number: 14261556
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 193 -
Current assets
Debtors 4 738 4,000
Cash at bank and in hand 53,930 50,880
54,668 54,880
Creditors: amounts falling due within one year 5 (37,932) (38,551)
Net current assets 16,736 16,329
Total assets less current liabilities 16,929 16,329
Provisions for liabilities (39) -
Net assets 16,890 16,329
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,790 16,229
Shareholder's funds 16,890 16,329
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Marianne Jervis
Director
Approved by the board on 6 November 2024
MLJ Management Training Ltd
Notes to the Accounts
for the year ended 31 July 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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer Equipment
£
Cost
Additions 290
At 31 July 2024 290
Depreciation
Charge for the year 97
At 31 July 2024 97
Net book value
At 31 July 2024 193
4 Debtors 2024 2023
£ £
Trade debtors 580 4,000
Other debtors 158 -
738 4,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,897 11,054
Other creditors 31,035 27,497
37,932 38,551
6 Related party transactions
None noted.
7 Transactions with Director
During the year Marianne Jervis used a current account with the company to record amounts due to her and amounts drawn by her. The account shows an amount owing back to Marianne Jervis as director as at 31st July 2024 £29,836.15 (2023 £26,777.05). The amount is repayable on demand and carries interest.
8 Controlling party
Marianne Jervis owns 100% of the share capital and is the sole director of MLJ Management Training Ltd, he is therefore also the ultimate controlling party of MLJ Management Training Ltd.
9 Trading Name
MLJ Management Training Ltd also trades as Bamboo Training.
10 Other information
MLJ Management Training Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Bridge Street
Crickhowell
Powys
United Kingdom
NP8 1AR
MLJ Management Training Ltd 14261556 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Marianne Jervis No description of principal activity 14261556 2022-08-01 2023-07-31 14261556 core:WithinOneYear 2023-07-31 14261556 core:ShareCapital 2023-07-31 14261556 core:RetainedEarningsAccumulatedLosses 2023-07-31 14261556 2023-08-01 2024-07-31 14261556 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14261556 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14261556 bus:Director40 2023-08-01 2024-07-31 14261556 1 2023-08-01 2024-07-31 14261556 2 2023-08-01 2024-07-31 14261556 core:PlantMachinery 2023-08-01 2024-07-31 14261556 countries:England 2023-08-01 2024-07-31 14261556 bus:FRS102 2023-08-01 2024-07-31 14261556 bus:FilletedAccounts 2023-08-01 2024-07-31 14261556 2024-07-31 14261556 core:WithinOneYear 2024-07-31 14261556 core:ShareCapital 2024-07-31 14261556 core:RetainedEarningsAccumulatedLosses 2024-07-31 14261556 core:PlantMachinery 2024-07-31 14261556 2023-07-31 iso4217:GBP xbrli:pure