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REGISTERED NUMBER: 14270414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MJP Motor Services Limited

MJP Motor Services Limited (Registered number: 14270414)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MJP Motor Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M J Parsons
Mrs N J Parsons





REGISTERED OFFICE: Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP





BUSINESS ADDRESS: Unit 58b Lincoln Road
Cressex Industrial Estate
High Wycombe
Buckinghamshire
HP12 3RD





REGISTERED NUMBER: 14270414 (England and Wales)





ACCOUNTANTS: Friends.Tax LLP
Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP

MJP Motor Services Limited (Registered number: 14270414)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 64,000 72,000
Tangible assets 5 69,225 76,415
133,225 148,415

CURRENT ASSETS
Debtors 6 36,886 33,705
Cash at bank 203,071 114,358
239,957 148,063
CREDITORS
Amounts falling due within one year 7 260,221 251,153
NET CURRENT LIABILITIES (20,264 ) (103,090 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,961

45,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,861 45,225
112,961 45,325

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:



M J Parsons - Director


MJP Motor Services Limited (Registered number: 14270414)

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

1. STATUTORY INFORMATION

MJP Motor Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 5 (2023 - 4 ) .

MJP Motor Services Limited (Registered number: 14270414)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 80,000
AMORTISATION
At 1 September 2023 8,000
Charge for year 8,000
At 31 August 2024 16,000
NET BOOK VALUE
At 31 August 2024 64,000
At 31 August 2023 72,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 87,192
Additions 4,351
At 31 August 2024 91,543
DEPRECIATION
At 1 September 2023 10,777
Charge for year 11,541
At 31 August 2024 22,318
NET BOOK VALUE
At 31 August 2024 69,225
At 31 August 2023 76,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 36,886 33,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 46,070 36,102
Taxation and social security 40,469 31,510
Other creditors 173,682 183,541
260,221 251,153