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REGISTERED NUMBER: 11125943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MJ Imaging Limited

MJ Imaging Limited (Registered number: 11125943)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


MJ Imaging Limited (Registered number: 11125943)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,159 -

CURRENT ASSETS
Debtors 5 11,171 -
Cash at bank 220,480 198,553
231,651 198,553
CREDITORS
Amounts falling due within one year 6 13,834 20,026
NET CURRENT ASSETS 217,817 178,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,976

178,527

PROVISIONS FOR LIABILITIES 7 410 -
NET ASSETS 219,566 178,527

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 219,465 178,426
SHAREHOLDERS' FUNDS 219,566 178,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:



M K W Johnston - Director


MJ Imaging Limited (Registered number: 11125943)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

MJ Imaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11125943

Registered office: C/o Echo Tax, SPACES Manchester
Peter House
Oxford Street
Manchester
M1 5AN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

MJ Imaging Limited (Registered number: 11125943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 - 563 563
Additions 2,699 - 2,699
Disposals - (563 ) (563 )
At 31 December 2024 2,699 - 2,699
DEPRECIATION
At 1 January 2024 - 563 563
Charge for year 540 - 540
Eliminated on disposal - (563 ) (563 )
At 31 December 2024 540 - 540
NET BOOK VALUE
At 31 December 2024 2,159 - 2,159
At 31 December 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Directors' current accounts 11,171 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 12,634 8,088
Directors' current accounts - 10,978
Accrued expenses 1,200 960
13,834 20,026

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 410 -

Deferred
tax
£   
Provided during year 410
Balance at 31 December 2024 410

MJ Imaging Limited (Registered number: 11125943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary A 1 100 100
1 Ordinary B 1 1 1
101 101

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
M K W Johnston
Balance outstanding at start of year (10,978 ) (12,756 )
Amounts advanced 32,710 12,000
Amounts repaid (10,561 ) (10,222 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,171 (10,978 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is M K W Johnston.