Company Registration No. 12120736 (England and Wales)
MJS RECOVERY & SON (SCUNTHORPE) LTD
Unaudited accounts
for the year ended 31 July 2024
MJS RECOVERY & SON (SCUNTHORPE) LTD
Unaudited accounts
Contents
MJS RECOVERY & SON (SCUNTHORPE) LTD
Company Information
for the year ended 31 July 2024
Director
Matthew John Smith
Company Number
12120736 (England and Wales)
Registered Office
Unit 5
Colliery Road
Pinxton
NG16 6JF
UNITED KINGDOM
Accountants
BFS Accountants Ltd
Ransom Hall, Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
MJS RECOVERY & SON (SCUNTHORPE) LTD
Statement of financial position
as at 31 July 2024
Tangible assets
238,754
108,331
Cash at bank and in hand
52,699
21,550
Creditors: amounts falling due within one year
(362,874)
(213,106)
Net current liabilities
(280,169)
(131,344)
Total assets less current liabilities
(41,415)
(23,013)
Creditors: amounts falling due after more than one year
(231,997)
(207,851)
Net liabilities
(273,412)
(230,864)
Called up share capital
1
1
Profit and loss account
(273,413)
(230,865)
Shareholders' funds
(273,412)
(230,864)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Matthew John Smith
Director
Company Registration No. 12120736
MJS RECOVERY & SON (SCUNTHORPE) LTD
Notes to the Accounts
for the year ended 31 July 2024
MJS RECOVERY & SON (SCUNTHORPE) LTD is a private company, limited by shares, registered in England and Wales, registration number 12120736. The registered office is Unit 5, Colliery Road, Pinxton, NG16 6JF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
111,839
92,813
9,631
3,925
218,208
Additions
119,165
98,441
-
184
217,790
At 31 July 2024
231,004
191,254
9,631
4,109
435,998
At 1 August 2023
51,201
46,333
9,830
2,513
109,877
Charge for the year
46,209
38,251
1,926
981
87,367
At 31 July 2024
97,410
84,584
11,756
3,494
197,244
At 31 July 2024
133,594
106,670
(2,125)
615
238,754
At 31 July 2023
60,638
46,480
(199)
1,412
108,331
MJS RECOVERY & SON (SCUNTHORPE) LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
1,090
35,103
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,529
11,432
Obligations under finance leases and hire purchase contracts
14,017
14,935
Trade creditors
31,927
17,192
Taxes and social security
-
1,132
Loans from directors
267,916
95,284
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
231,997
207,851
8
Average number of employees
During the year the average number of employees was 11 (2023: 11).