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COMPANY REGISTRATION NUMBER: 10083100
MEJ Limited
Filleted Unaudited Financial Statements
31 March 2024
MEJ Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
38,682
53,722
Current assets
Stocks
14,900
15,550
Debtors
6
104,909
127,519
Cash at bank and in hand
38,045
46,059
---------
---------
157,854
189,128
Creditors: amounts falling due within one year
7
40,682
43,584
---------
---------
Net current assets
117,172
145,544
---------
---------
Total assets less current liabilities
155,854
199,266
Creditors: amounts falling due after more than one year
8
14,374
22,361
Provisions
7,739
9,732
---------
---------
Net assets
133,741
167,173
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
133,740
167,172
---------
---------
Shareholders funds
133,741
167,173
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MEJ Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Mr G J Pearson
Director
Company registration number: 10083100
MEJ Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured as the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
72,388
10,250
82,638
--------
--------
--------
Depreciation
At 1 April 2023
19,228
9,688
28,916
Charge for the year
14,478
562
15,040
--------
--------
--------
At 31 March 2024
33,706
10,250
43,956
--------
--------
--------
Carrying amount
At 31 March 2024
38,682
38,682
--------
--------
--------
At 31 March 2023
53,160
562
53,722
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
51,412
56,667
Other debtors
53,497
70,852
---------
---------
104,909
127,519
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,248
6,248
Trade creditors
19,202
15,123
Corporation tax
4,495
7,260
Social security and other taxes
8,583
13,031
Other creditors
2,154
1,922
--------
--------
40,682
43,584
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,374
22,361
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G J Pearson
36,072
( 586)
35,486
----
--------
----
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G J Pearson
33,050
60,812
( 33,920)
59,942
--------
--------
--------
--------