Company Registration No. 10761863 (England and Wales)
MDJ Investments Limited
Unaudited accounts
for the year ended 31 January 2024
MDJ Investments Limited
Unaudited accounts
Contents
MDJ Investments Limited
Company Information
for the year ended 31 January 2024
Directors
Mr Manga Singh Dhillon
Mr Gurjeet Dhillon
Mr Baldeep Dhillon
Company Number
10761863 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
United Kingdom
MDJ Investments Limited
Statement of financial position
as at 31 January 2024
Intangible assets
2,716,667
2,916,667
Tangible assets
645,389
674,871
Debtors
1,883,772
2,914,083
Cash at bank and in hand
1,358,961
191,708
Creditors: amounts falling due within one year
(6,095,835)
(5,960,355)
Net current liabilities
(2,795,533)
(2,783,989)
Total assets less current liabilities
566,598
807,624
Creditors: amounts falling due after more than one year
(14,806)
(24,947)
Net assets
551,792
782,677
Called up share capital
100
100
Profit and loss account
551,692
782,577
Shareholders' funds
551,792
782,677
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by
Mr Gurjeet Dhillon
Director
Company Registration No. 10761863
MDJ Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
MDJ Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10761863. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
20 Years Straight line
4
Intangible fixed assets
Goodwill
At 1 February 2023
4,000,000
At 31 January 2024
4,000,000
At 1 February 2023
1,083,333
Charge for the year
200,000
At 31 January 2024
1,283,333
At 31 January 2024
2,716,667
At 31 January 2023
2,916,667
MDJ Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
76,046
1,355,309
1,431,355
At 31 January 2024
76,046
1,441,611
1,517,657
At 1 February 2023
30,959
725,525
756,484
Charge for the year
11,272
104,512
115,784
At 31 January 2024
42,231
830,037
872,268
At 31 January 2024
33,815
611,574
645,389
At 31 January 2023
45,087
629,784
674,871
6
Investments
Subsidiary undertakings
Valuation at 1 February 2023
75
Valuation at 31 January 2024
75
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following company:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year:
SF 247 West Ltd /75%/ (892,817)/ £80,511
Amounts falling due within one year
Trade debtors
80,217
70,170
Amounts due from group undertakings etc.
1,258,000
1,437,566
Accrued income and prepayments
50,358
-
Other debtors
495,197
1,406,347
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,140
9,890
Trade creditors
303,234
361,281
Amounts owed to group undertakings and other participating interests
5,393,559
4,524,379
Taxes and social security
301,794
245,236
Other creditors
87,108
819,569
MDJ Investments Limited
Notes to the Accounts
for the year ended 31 January 2024
9
Creditors: amounts falling due after more than one year
2024
2023
10
Average number of employees
During the year the average number of employees was 198 (2023: 233).