Registered number
05529512
MJ Quality Assurance Consultant Ltd
Filleted Accounts
31 August 2024
MJ Quality Assurance Consultant Ltd
Registered number: 05529512
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,932 2,416
Current assets
Debtors 4 68,225 71,225
Cash at bank and in hand 7,955 1,683
76,180 72,908
Creditors: amounts falling due within one year 5 4,271 9,596
Net current assets 80,451 82,504
Net assets 82,383 84,920
Capital and reserves
Called up share capital 2 2
Profit and loss account 82,381 84,918
Shareholders' funds 82,383 84,920
The director is 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 director acknowledges his 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 Oliver
Director
Approved by the board on 29 January 2025
MJ Quality Assurance Consultant Ltd
Notes to the Accounts
for the year ended 31 August 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 rendering of services. 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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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. Current tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 12,323
At 31 August 2024 12,323
Depreciation
At 1 September 2023 9,907
Charge for the year 484
At 31 August 2024 10,391
Net book value
At 31 August 2024 1,932
At 31 August 2023 2,416
4 Debtors 2024 2023
£ £
Trade debtors 7,750 7,750
Other debtors 60,475 63,475
68,225 71,225
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors (4,271) (9,596)
6 Other information
MJ Quality Assurance Consultant Ltd is a private company limited by shares and incorporated in England. Its registered office is:
39B York Road
Hartlepool
TS26 8AH
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