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REGISTERED NUMBER: 09968587 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MJ BATHROOMS LTD

MJ BATHROOMS LTD (REGISTERED NUMBER: 09968587)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MJ BATHROOMS LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J Shah





REGISTERED OFFICE: 126 Bridgewater Road
Wembley
Middlesex
HA0 1AR





REGISTERED NUMBER: 09968587 (England and Wales)






MJ BATHROOMS LTD (REGISTERED NUMBER: 09968587)

Statement of Financial Position
31 JANUARY 2024

31/1/24 31/1/23
Notes £ £
CURRENT ASSETS
Stocks 16,250 16,250
Debtors 5 11,450 16,253
Cash at bank 2,893 2,433
30,593 34,936
CREDITORS
Amounts falling due within one year 6 51,554 26,006
NET CURRENT (LIABILITIES)/ASSETS (20,961 ) 8,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,961

)

8,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (21,061 ) 8,830
SHAREHOLDERS' FUNDS (20,961 ) 8,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





J Shah - Director


MJ BATHROOMS LTD (REGISTERED NUMBER: 09968587)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Mj Bathrooms Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

MJ BATHROOMS LTD (REGISTERED NUMBER: 09968587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 February 2023
and 31 January 2024 733
DEPRECIATION
At 1 February 2023
and 31 January 2024 733
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£ £
Trade debtors 11,450 16,196
Other debtors - 57
11,450 16,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£ £
Trade creditors 22,404 -
Amounts owed to associates - 15,501
Taxation and social security 1,720 4,382
Other creditors 27,430 6,123
51,554 26,006

7. RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £26,030 (2023: £5,622) owed to the director of the company Mr J Shah.