1 March 2023 false No description of principal activity Taxfiler 2024.6 11811641business:PrivateLimitedCompanyLtd2023-03-012024-02-28 118116412023-02-28 118116412023-03-012024-02-28 11811641business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 11811641business:FilletedAccounts2023-03-012024-02-28 118116412024-02-28 11811641business:Director12023-03-012024-02-28 11811641business:RegisteredOffice2023-03-012024-02-28 118116412023-02-28 11811641core:WithinOneYear2024-02-28 11811641core:WithinOneYear2023-02-28 11811641core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 11811641core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11811641core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 11811641core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11811641core:PreviouslyStatedAmount2024-02-28 11811641core:PreviouslyStatedAmount2023-02-28 11811641business:SmallEntities2023-03-012024-02-28 11811641countries:EnglandWales2023-03-012024-02-28 11811641core:PlantMachinery2023-03-012024-02-28 11811641core:PlantMachinery2023-02-28 11811641core:PlantMachinery2024-02-28 11811641business:OrdinaryShareClass12023-03-012024-02-28 11811641business:OrdinaryShareClass12022-03-012023-02-28 118116412022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11811641 (England and Wales)
MJB ASSET MANAGEMENT LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
MJB ASSET MANAGEMENT LTD Unaudited accounts Contents
Page
- 2 -
MJB ASSET MANAGEMENT LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Martin Bradshaw
Company Number
11811641 (England and Wales)
Registered Office
23 LOWER BROOK STREET IPSWICH SUFFOLK IP4 1AQ ENGLAND
Accountants
Tax Nest Accountants Ltd Office 18 241E, High Street North London E12 6SJ
- 3 -
MJB ASSET MANAGEMENT LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
892 
1,115 
Investments
32,018 
32,018 
32,910 
33,133 
Current assets
Debtors
70,952 
567 
Cash at bank and in hand
5,146 
70,434 
76,098 
71,001 
Creditors: amounts falling due within one year
(4,232)
(6,920)
Net current assets
71,866 
64,081 
Net assets
104,776 
97,214 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
104,775 
97,213 
Shareholders' funds
104,776 
97,214 
For the period ending 28 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 24 November 2024 and were signed on its behalf by
Martin Bradshaw Director Company Registration No. 11811641
- 4 -
MJB ASSET MANAGEMENT LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
MJB ASSET MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11811641. The registered office is 23 LOWER BROOK STREET, IPSWICH, SUFFOLK, IP4 1AQ, ENGLAND.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
20% WDV
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,134 
At 28 February 2024
1,134 
Depreciation
At 1 March 2023
19 
Charge for the period
223 
At 28 February 2024
242 
Net book value
At 28 February 2024
892 
At 28 February 2023
1,115 
- 5 -
MJB ASSET MANAGEMENT LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
32,018 
Valuation at 28 February 2024
32,018 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
567 
Other debtors
70,952 
- 
70,952 
567 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,732 
3,992 
Loans from directors
- 
1,428 
Accruals
1,500 
1,500 
4,232 
6,920 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the period the average number of employees was 1 (2023: 1).
- 6 -