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REGISTERED NUMBER: 14319930 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

FJ MACHINERY LTD

FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

FJ MACHINERY LTD

Company Information
for the Year Ended 31 May 2024







Director: F H Johnson





Registered office: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





Registered number: 14319930 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
as restated
Notes £    £    £    £   
Fixed assets
Tangible assets 4 28,740 34,412

Current assets
Stocks 34,623 107,390
Debtors 545 -
Cash at bank and in hand 197,301 2,205
232,469 109,595
Creditors
Amounts falling due within one year 125,838 65,036
Net current assets 106,631 44,559
Total assets less current liabilities 135,371 78,971

Creditors
Amounts falling due after more than one
year

(4,450

)

(11,110

)

Provisions for liabilities (7,616 ) (9,119 )
Net assets 123,305 58,742

Capital and reserves
Called up share capital 100 100
Retained earnings 123,205 58,642
123,305 58,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





F H Johnson - Director


FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

FJ Machinery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The company traded for a shorter period in the prior year. Therefore the comparative amounts in the financial statements (including related notes) are not entirely comparable.

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.

The financial statements have been prepared under the going concern basis of accounting.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 40,295
Additions 2,066
Disposals (518 )
At 31 May 2024 41,843
DEPRECIATION
At 1 June 2023 5,883
Charge for year 7,469
Eliminated on disposal (249 )
At 31 May 2024 13,103
NET BOOK VALUE
At 31 May 2024 28,740
At 31 May 2023 34,412

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023
and 31 May 2024 35,057
DEPRECIATION
At 1 June 2023 4,869
Charge for year 6,038
At 31 May 2024 10,907
NET BOOK VALUE
At 31 May 2024 24,150
At 31 May 2023 30,188

FJ MACHINERY LTD (REGISTERED NUMBER: 14319930)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
as restated
£    £   
Hire purchase contracts 11,110 17,770

The hire purchase contracts are secured on the assets to which they relate.

6. PRIOR YEAR ADJUSTMENT

The director has chosen to prepare financial statements for the current year in accordance with FRS102 Section 1A as described in note 2, transitioning from the previously used standard, FRS105. The comparative financial statements have been restated for this purpose.

The comparative reserves have reduced by £9,119 due to the inclusion of a deferred tax provision.

Accountants' Report to the Director
on the Unaudited Financial Statements of
FJ Machinery Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FJ Machinery Ltd for the year ended 31 May 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of FJ Machinery Ltd in accordance with the terms of our engagement letter dated 21 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of FJ Machinery Ltd and state those matters that we have agreed to state to the director of FJ Machinery Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that FJ Machinery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FJ Machinery Ltd. You consider that FJ Machinery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FJ Machinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


8 October 2024