6851353falsePlumbers2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-04-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-04-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-04-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-05-012024-04-30http://www.companieshouse.gov.uk/pt:NetGoodwill2024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6851353

MJ Services (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

MJ Services (Lincs) Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Martin Jackson
SECRETARY
Roxane Meredith
REGISTERED OFFICE
Unit 5, Skegness Business Park
Hassall Road
Skegness
Lincolnshire
PE25 3TB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6851353
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

MJ Services (Lincs) Ltd

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MJ Services (Lincs) Ltd

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets344,99380,369
CURRENT ASSETS
Stock6,3006,500
Debtors530,48138,876
Cash at bank and in hand68,45073,288
105,231118,664
CREDITORS: Amounts falling due within one year699,866110,689
NET CURRENT ASSETS5,3657,975
TOTAL ASSETS LESS CURRENT LIABILITIES50,35888,344
CREDITORS: Amounts falling due after more than one year732,59664,343
PROVISIONS FOR LIABILITIES AND CHARGES98,54915,270
NET ASSETS9,2138,731
CAPITAL AND RESERVES
Called up share capital1022
Profit and loss account9,2118,729
SHAREHOLDERS' FUNDS9,2138,731
For the year ending 30/04/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/01/2025 and signed on their behalf by
.............................
Martin Jackson
Director

MJ Services (Lincs) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

MJ Services (Lincs) Ltd

1g. Leases
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/05/202322,50022,500
At 30/04/202422,50022,500
Depreciation
At 01/05/202322,50022,500
At 30/04/202422,50022,500
Net Book Amounts
At 30/04/2024--
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/05/202337,324128,3424,931170,597
Disposals(4,942)(25,095)(1,861)(31,898)
At 30/04/202432,382103,2473,070138,699
Depreciation
At 01/05/202328,02559,1103,09390,228
Disposals(4,191)(6,274)(1,064)(11,529)
For the year2,14212,60326215,007
At 30/04/202425,97665,4392,29193,706
Net Book Amounts
At 30/04/20246,40637,80877944,993
At 30/04/20239,29969,2321,83880,369

MJ Services (Lincs) Ltd

4. STOCK 20242023
££
Stock comprises:
Stock6,3006,500
6,3006,500
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors28,90136,868
Prepayments1,5802,008
30,48138,876
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,2958,240
VAT23,80417,489
PAYE control4,9695,456
Pension control1,2022,062
Directors current account11,616559
Credit card931603
Hire purchase8,29113,642
Trade creditors16,39950,345
Other creditors7,2928,234
Accruals4,0674,059
99,866110,689
Included in creditors falling due within one year are hire purchase agreements of £13,642 (2022: £9,672) which are secured by the company against the assets to which they relate.
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr7,28610,151
Hire purchase >1yr25,31054,192
32,59664,343
Included in creditors falling due over one year are hire purchase agreements of £54,192 (2022: £15,233) which are secured by the company against the assets to which they relate.

MJ Services (Lincs) Ltd

8. EMPLOYEES
20242023
No.No.
Average number of employees1111
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation8,54915,270
8,54915,270
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
1 Class B shares of £1 each11
22