Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09038490 Mr M J Bovingdon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09038490 2023-05-31 09038490 2024-05-31 09038490 2023-06-01 2024-05-31 09038490 frs-core:CurrentFinancialInstruments 2024-05-31 09038490 frs-core:Non-currentFinancialInstruments 2024-05-31 09038490 frs-core:BetweenOneFiveYears 2024-05-31 09038490 frs-core:PlantMachinery 2024-05-31 09038490 frs-core:PlantMachinery 2023-06-01 2024-05-31 09038490 frs-core:PlantMachinery 2023-05-31 09038490 frs-core:WithinOneYear 2024-05-31 09038490 frs-core:ShareCapital 2024-05-31 09038490 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09038490 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09038490 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09038490 frs-bus:SmallEntities 2023-06-01 2024-05-31 09038490 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09038490 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09038490 frs-bus:Director1 2023-06-01 2024-05-31 09038490 frs-countries:EnglandWales 2023-06-01 2024-05-31 09038490 2022-05-31 09038490 2023-05-31 09038490 2022-06-01 2023-05-31 09038490 frs-core:CurrentFinancialInstruments 2023-05-31 09038490 frs-core:Non-currentFinancialInstruments 2023-05-31 09038490 frs-core:BetweenOneFiveYears 2023-05-31 09038490 frs-core:WithinOneYear 2023-05-31 09038490 frs-core:ShareCapital 2023-05-31 09038490 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09038490
MJB Movers Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09038490
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,875 3,875
10,875 3,875
CURRENT ASSETS
Debtors 5 13,547 9,590
Cash at bank and in hand 3,733 2,390
17,280 11,980
Creditors: Amounts Falling Due Within One Year 6 (9,788 ) (12,469 )
NET CURRENT ASSETS (LIABILITIES) 7,492 (489 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,367 3,386
Creditors: Amounts Falling Due After More Than One Year 7 (18,206 ) (3,322 )
NET ASSETS 161 64
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 160 63
SHAREHOLDERS' FUNDS 161 64
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Bovingdon
Director
24 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MJB Movers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09038490 . The registered office is 7 Faraday Court, First Avenue, Burton on Trent, Staffordshire, DE14 2WX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 17,044
Additions 14,500
Disposals (17,044 )
As at 31 May 2024 14,500
Depreciation
As at 1 June 2023 13,169
Provided during the period 3,625
Disposals (13,169 )
As at 31 May 2024 3,625
Net Book Value
As at 31 May 2024 10,875
As at 1 June 2023 3,875
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 835 8,285
Other debtors 1,305 1,305
Other taxes and social security 46 -
Director's loan account 11,361 -
13,547 9,590
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts (1,232 ) -
Trade creditors - 348
Bank loans and overdrafts 2,000 2,000
Corporation tax 7,083 7,742
VAT 1,462 1,526
Other creditors - 162
Accruals and deferred income 475 475
Director's loan account - 216
9,788 12,469
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,739 -
Bank loans 4,467 3,322
18,206 3,322
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,747 -
Later than one year and not later than five years 13,739 -
17,486 -
Less: Finance charges allocated to future periods 4,979 -
12,507 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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