2 2 M & J Reuben Limited 00481002 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is timber importers and merchants. Digita Accounts Production Advanced 6.30.9574.0 true true 00481002 2023-07-01 2024-06-30 00481002 2024-06-30 00481002 bus:OrdinaryShareClass1 2024-06-30 00481002 bus:OrdinaryShareClass2 2024-06-30 00481002 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-06-30 00481002 core:CurrentFinancialInstruments 2024-06-30 00481002 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 00481002 core:FurnitureFittingsToolsEquipment 2024-06-30 00481002 core:MotorVehicles 2024-06-30 00481002 bus:SmallEntities 2023-07-01 2024-06-30 00481002 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00481002 bus:FilletedAccounts 2023-07-01 2024-06-30 00481002 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00481002 bus:RegisteredOffice 2023-07-01 2024-06-30 00481002 bus:Director1 2023-07-01 2024-06-30 00481002 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 00481002 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 00481002 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00481002 bus:Agent1 2023-07-01 2024-06-30 00481002 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 00481002 core:MotorVehicles 2023-07-01 2024-06-30 00481002 core:OtherRelatedParties 2023-07-01 2024-06-30 00481002 countries:EnglandWales 2023-07-01 2024-06-30 00481002 2023-06-30 00481002 core:FurnitureFittingsToolsEquipment 2023-06-30 00481002 core:MotorVehicles 2023-06-30 00481002 2022-07-01 2023-06-30 00481002 2023-06-30 00481002 bus:OrdinaryShareClass1 2023-06-30 00481002 bus:OrdinaryShareClass2 2023-06-30 00481002 core:CurrentFinancialInstruments 2023-06-30 00481002 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 00481002 core:FurnitureFittingsToolsEquipment 2023-06-30 00481002 core:MotorVehicles 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 00481002

M & J Reuben Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

M & J Reuben Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

M & J Reuben Limited

Company Information

Directors

David Reuben

Carole Reuben

Company secretary

Carole Reuben

Registered office

3RD Floor Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered AccountantsLawford House
Albert Place
London
N3 1QA

 

M & J Reuben Limited

(Registration number: 00481002)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,014

14,265

Other financial assets

5

50

50

 

8,064

14,315

Current assets

 

Debtors

6

782,271

731,074

Cash at bank and in hand

 

158,293

253,348

 

940,564

984,422

Creditors: Amounts falling due within one year

7

(1,001,500)

(1,001,500)

Net current liabilities

 

(60,936)

(17,078)

Net liabilities

 

(52,872)

(2,763)

Capital and reserves

 

Called up share capital

8

30,000

30,000

Other reserves

29,996

29,996

Profit and loss account

(112,868)

(62,759)

Shareholders' deficit

 

(52,872)

(2,763)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 

.........................................
David Reuben
Director

 

M & J Reuben Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3RD Floor Lawford House
Albert Place
London
N3 1QA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

33% straight line

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

M & J Reuben Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

M & J Reuben Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

15,711

25,450

41,161

At 30 June 2024

15,711

25,450

41,161

Depreciation

At 1 July 2023

5,503

21,393

26,896

Charge for the year

5,237

1,014

6,251

At 30 June 2024

10,740

22,407

33,147

Carrying amount

At 30 June 2024

4,971

3,043

8,014

At 30 June 2023

10,208

4,057

14,265

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

50

50

At 30 June 2024

50

50

Impairment

Carrying amount

At 30 June 2024

50

50

 

M & J Reuben Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

782,271

731,074

 

782,271

731,074

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,500

1,500

Other creditors

1,000,000

1,000,000

1,001,500

1,001,500

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

'A' ordinary shares of £1 each

15,000

15,000

15,000

15,000

'B' ordinary shares of £1 each

15,000

15,000

15,000

15,000

30,000

30,000

30,000

30,000

9

Related party transactions

Summary of transactions with other related parties

During the year the company has related party transactions with the company in the name of M J R Estates Limited. The companies are related by common director and shareholder.

Amounnt advanced and repaid to M J R Estates Limited was to provide for a third party loan. At the balance sheet date the amount due to M J R Estates Limited was £1,000,000 (2023 - £1,000,000). The loan is interest free and no repayment terms had been agreed at the balance sheet date.