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Company Registration No. 12447039 (England and Wales)
MPJ HOMES LTD Unaudited accounts for the year ended 29 February 2024
MPJ HOMES LTD Unaudited accounts Contents
Page
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MPJ HOMES LTD Company Information for the year ended 29 February 2024
Directors
Michael Edwards Paul Hood John Carey
Company Number
12447039 (England and Wales)
Registered Office
WILLOWBROOK HEATH LANE BRINKLOW COVENTRY WARWICKSHIRE CV23 0NX ENGLAND
Accountants
Cube Accounting Limited Suite 3B & 3C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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MPJ HOMES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,053,203 
1,026,887 
Debtors
15,523 
27,240 
Cash at bank and in hand
211 
1,444 
1,068,937 
1,055,571 
Creditors: amounts falling due within one year
(1,130,429)
(1,036,309)
Net current (liabilities)/assets
(61,492)
19,262 
Net (liabilities)/assets
(61,492)
19,262 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(61,495)
19,259 
Shareholders' funds
(61,492)
19,262 
For the year ending 29 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 directors acknowledge their 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 of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Michael Edwards Director Company Registration No. 12447039
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MPJ HOMES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MPJ HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 12447039. The registered office is WILLOWBROOK HEATH LANE, BRINKLOW, COVENTRY, WARWICKSHIRE, CV23 0NX, 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 year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Going concern
Due to the ongoing support of the directors, the accounts have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,485 
198 
Amounts due from group undertakings etc.
5,038 
- 
Other debtors
- 
27,042 
15,523 
27,240 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
642,415 
570,928 
Trade creditors
54,451 
2,472 
Taxes and social security
4,678 
4,678 
Loans from directors
401,206 
385,931 
Accruals
27,679 
72,300 
1,130,429 
1,036,309 
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MPJ HOMES LTD Notes to the Accounts for the year ended 29 February 2024
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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