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COMPANY REGISTRATION NUMBER: 11322306
MJS MEDIATION LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
MJS MEDIATION LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
29,965
39,150
CURRENT ASSETS
Debtors
6
88,156
104,281
Cash at bank and in hand
462,468
411,469
---------
---------
550,624
515,750
CREDITORS: amounts falling due within one year
7
15,761
10,792
---------
---------
NET CURRENT ASSETS
534,863
504,958
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
564,828
544,108
PROVISIONS
7,491
9,787
---------
---------
NET ASSETS
557,337
534,321
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
557,237
534,221
---------
---------
SHAREHOLDERS FUNDS
557,337
534,321
---------
---------
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 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MJS MEDIATION LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 7 January 2025 , and are signed on behalf of the board by:
Mr M A Jackson-Stops
Director
Company registration number: 11322306
MJS MEDIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 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 Barn, Lamport Manor, Old road, Lamport, Northamptonshire, NN6 9HF.
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 at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Motor vehicles
-
25% reducing balance
Equipment
-
Over 3 years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 May 2023
51,890
2,321
54,211
Additions
1,166
1,166
--------
-------
--------
At 30 April 2024
51,890
3,487
55,377
--------
-------
--------
Depreciation
At 1 May 2023
12,973
2,088
15,061
Charge for the year
9,729
622
10,351
--------
-------
--------
At 30 April 2024
22,702
2,710
25,412
--------
-------
--------
Carrying amount
At 30 April 2024
29,188
777
29,965
--------
-------
--------
At 30 April 2023
38,917
233
39,150
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
88,156
102,086
Other debtors
2,195
--------
---------
88,156
104,281
--------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,037
Social security and other taxes
5,510
7,903
Other creditors
3,214
2,889
--------
--------
15,761
10,792
--------
--------