IRIS Accounts Production v24.2.0.383 03514991 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035149912023-03-31035149912024-03-31035149912023-04-012024-03-31035149912022-03-31035149912022-04-012023-03-31035149912023-03-3103514991ns15:EnglandWales2023-04-012024-03-3103514991ns14:PoundSterling2023-04-012024-03-3103514991ns10:Director12023-04-012024-03-3103514991ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103514991ns10:SmallEntities2023-04-012024-03-3103514991ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103514991ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103514991ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103514991ns10:FullAccounts2023-04-012024-03-3103514991ns10:OrdinaryShareClass22023-04-012024-03-3103514991ns10:OrdinaryShareClass32023-04-012024-03-3103514991ns10:OrdinaryShareClass42023-04-012024-03-3103514991ns10:OrdinaryShareClass52023-04-012024-03-3103514991ns10:Director22023-04-012024-03-3103514991ns10:Director32023-04-012024-03-3103514991ns10:Director42023-04-012024-03-3103514991ns10:Director52023-04-012024-03-3103514991ns10:RegisteredOffice2023-04-012024-03-3103514991ns5:CurrentFinancialInstruments2024-03-3103514991ns5:CurrentFinancialInstruments2023-03-3103514991ns5:ShareCapital2024-03-3103514991ns5:ShareCapital2023-03-3103514991ns5:RetainedEarningsAccumulatedLosses2024-03-3103514991ns5:RetainedEarningsAccumulatedLosses2023-03-3103514991ns5:PlantMachinery2023-04-012024-03-3103514991ns5:FurnitureFittings2023-04-012024-03-3103514991ns5:MotorVehicles2023-04-012024-03-3103514991ns5:PlantMachinery2023-03-3103514991ns5:FurnitureFittings2023-03-3103514991ns5:MotorVehicles2023-03-3103514991ns5:PlantMachinery2024-03-3103514991ns5:FurnitureFittings2024-03-3103514991ns5:MotorVehicles2024-03-3103514991ns5:PlantMachinery2023-03-3103514991ns5:FurnitureFittings2023-03-3103514991ns5:MotorVehicles2023-03-3103514991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103514991ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103514991ns5:WithinOneYear2024-03-3103514991ns5:WithinOneYear2023-03-3103514991ns5:BetweenOneFiveYears2024-03-3103514991ns5:BetweenOneFiveYears2023-03-3103514991ns5:AllPeriods2024-03-3103514991ns5:AllPeriods2023-03-3103514991ns5:DeferredTaxation2023-04-012024-03-3103514991ns5:DeferredTaxation2024-03-3103514991ns10:OrdinaryShareClass22024-03-3103514991ns10:OrdinaryShareClass32024-03-3103514991ns10:OrdinaryShareClass42024-03-3103514991ns10:OrdinaryShareClass52024-03-31
REGISTERED NUMBER: 03514991 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MJR Controls Limited

MJR Controls Limited (Registered number: 03514991)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJR Controls Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D E Cairns
P R Cairns
M W Cairns
M V Cairns
C Milner





REGISTERED OFFICE: Unit 85 Willows Court
Thornaby Industrial Estate
STOCKTON-ON-TEES
TS17 9PP





REGISTERED NUMBER: 03514991 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

MJR Controls Limited (Registered number: 03514991)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,845 83,552

CURRENT ASSETS
Stocks 5 414,551 485,680
Debtors 6 1,513,578 980,349
Cash at bank and in hand 3,153,036 1,007,473
5,081,165 2,473,502
CREDITORS
Amounts falling due within one year 7 2,855,733 508,249
NET CURRENT ASSETS 2,225,432 1,965,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,362,277

2,048,805

PROVISIONS FOR LIABILITIES 9 32,105 -
NET ASSETS 2,330,172 2,048,805

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,330,072 2,048,705
SHAREHOLDERS' FUNDS 2,330,172 2,048,805

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MJR Controls Limited (Registered number: 03514991)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





P R Cairns - Director


MJR Controls Limited (Registered number: 03514991)

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

1. STATUTORY INFORMATION

MJR Controls Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents engineering services excluding value added tax.

Income recognition
Income is recognised when services have been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation and any impairment.

Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price less costs to sell. Work in progress is valued at the amount recoverable on contracts.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MJR Controls Limited (Registered number: 03514991)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals payable under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 208,496 64,148 65,557 338,201
Additions 35,056 2,450 50,967 88,473
Disposals (80,643 ) - (12,950 ) (93,593 )
At 31 March 2024 162,909 66,598 103,574 333,081
DEPRECIATION
At 1 April 2023 178,360 34,655 41,634 254,649
Charge for year 20,006 5,737 8,005 33,748
Eliminated on disposal (79,604 ) - (12,557 ) (92,161 )
At 31 March 2024 118,762 40,392 37,082 196,236
NET BOOK VALUE
At 31 March 2024 44,147 26,206 66,492 136,845
At 31 March 2023 30,136 29,493 23,923 83,552

5. STOCKS
2024 2023
£    £   
Stocks 116,938 92,252
Work-in-progress 297,613 393,428
414,551 485,680

MJR Controls Limited (Registered number: 03514991)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,370,792 596,955
Amounts owed by associates 249 301
Other debtors - 244,454
Prepayments and accrued income 142,537 138,639
1,513,578 980,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 482,546 233,279
Taxation and social security 496,694 39,998
Other creditors 23,966 19,522
Accruals and deferred income 1,852,527 215,450
2,855,733 508,249

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 38,000 38,000
Between one and five years 44,333 82,333
82,333 120,333

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 32,105 -

Deferred
tax
£   
Provided during year 32,105
Accelerated capital allowances
Balance at 31 March 2024 32,105

MJR Controls Limited (Registered number: 03514991)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
26 A Ordinary £1 26 26
24 B Ordinary £1 24 24
25 C Ordinary £1 25 25
25 D Ordinary £1 25 25
100 100