Registered number
09575059
MJ&J LTD
Filleted Accounts
31 May 2024
MJ&J LTD
Registered number: 09575059
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 369 738
Current assets
Cash at bank and in hand 7,951 7,205
Creditors: amounts falling due within one year 4 (3,449) (2,190)
Net current assets 4,502 5,015
Total assets less current liabilities 4,871 5,753
Creditors: amounts falling due after more than one year 5 (4,539) (5,511)
Net assets 332 242
Capital and reserves
Called up share capital 1 1
Profit and loss account 331 241
Shareholders' funds 332 242
The directors are 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 directors acknowledge their 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.
Kwame Agoha
Director
Approved by the board on 4 February 2025
MJ&J LTD
Notes to the Accounts
for the year ended 31 May 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 3,595
At 31 May 2024 3,595
Depreciation
At 1 June 2023 2,857
Charge for the year 369
At 31 May 2024 3,226
Net book value
At 31 May 2024 369
At 31 May 2023 738
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,923 1,636
Other taxes and social security costs - 489
Other creditors 526 65
3,449 2,190
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,539 5,511
6 Other information
MJ&J LTD is a private company limited by shares and incorporated in England. Its registered office is:
55a
Wyemead Crescent
London
England
E4 6HN
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