Registered number
04361461
MJD Consulting Limited
Filleted Accounts
5 April 2024
MJD Consulting Limited
Registered number: 04361461
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,830 1,915
Investments 4 17,622 6,245
19,452 8,160
Current assets
Debtors 5 25,344 24,731
Cash at bank and in hand 19,013 45,525
44,357 70,256
Creditors: amounts falling due within one year 6 (40,910) (25,467)
Net current assets 3,447 44,789
Net assets 22,899 52,949
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,799 52,849
Shareholders' funds 22,899 52,949
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Davies
Director
Approved by the board on 5 January 2025
MJD Consulting Limited
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment over four years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer and office equipment
£
Cost
At 6 April 2023 12,937
Additions 1,091
At 5 April 2024 14,028
Depreciation
At 6 April 2023 11,022
Charge for the year 1,176
At 5 April 2024 12,198
Net book value
At 5 April 2024 1,830
At 5 April 2023 1,915
4 Investments
Other
investments
£
Cost
At 6 April 2023 6,245
Additions 10,100
Revaluation 1,277
At 5 April 2024 17,622
5 Debtors 2024 2023
£ £
Trade debtors 25,344 1,630
Directors loan - 13,000
Other debtors - 10,101
25,344 24,731
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 39,910 24,467
Other creditors 1,000 1,000
40,910 25,467
7 Controlling party
The company is controlled by the directors.
8 Other information
MJD Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 Moorend Park Road
Cheltenham
Glos
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