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Registration number: 05231417

MJT Consulting Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 30 September 2024

 

MJT Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

MJT Consulting Limited

(Registration number: 05231417)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

-

 

105

Current assets

   

 

Debtors

5

1,112

 

420

 

Cash at bank and in hand

 

19

 

-

 

 

1,131

 

420

 

Creditors: Amounts falling due within one year

6

(28,865)

 

(26,529)

 

Net current liabilities

   

(27,734)

 

(26,109)

Total assets less current liabilities

   

(27,734)

 

(26,004)

Creditors: Amounts falling due after more than one year

6

 

(1,400)

 

(2,820)

Net liabilities

   

(29,134)

 

(28,824)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

(29,234)

 

(28,924)

 

Total equity

   

(29,134)

 

(28,824)

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 May 2025
 

.........................................
Mr Mark Tokarski
Director

 

MJT Consulting Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
25 Glenholme Road
Farsley
Pudsey
West Yorkshire
LS28 5BY
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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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

Computer equipment

25% Reducing balance

 

MJT Consulting Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

4,217

4,217

At 30 September 2024

4,217

4,217

Depreciation

At 1 October 2023

4,112

4,112

Charge for the year

105

105

At 30 September 2024

4,217

4,217

Carrying amount

At 30 September 2024

-

-

At 30 September 2023

105

105

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,112

420

 

1,112

420

 

MJT Consulting Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

1,400

1,560

Taxation and social security

188

-

Other creditors

27,277

24,969

28,865

26,529

Due after one year

Loans and borrowings

1,400

2,820

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,400

2,820

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,400

1,560