Company registration number SC678310 (Scotland)
MJK Courier Limited
Unaudited financial statements
for the year ended 31 October 2024
Pages for filing with registrar
MJK Courier Limited
Chartered Accountants' report to the director on the preparation of the
unaudited statutory financial statements of MJK Courier Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MJK Courier Limited for the year ended 31 October 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the director of MJK Courier Limited, in accordance with the terms of our engagement letter dated 13 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of MJK Courier Limited and state those matters that we have agreed to state to the director of MJK Courier Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MJK Courier Limited and its director, for our work or for this report.

It is your duty to ensure that MJK Courier Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MJK Courier Limited. You consider that MJK Courier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MJK Courier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
5 June 2025
MJK Courier Limited
Balance sheet
as at 31 October 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
888
413
Current assets
Debtors
3,051
1,558
Cash at bank and in hand
1,441
1,169
4,492
2,727
Creditors: amounts falling due within one year
(3,263)
(2,974)
Net current assets/(liabilities)
1,229
(247)
Net assets
2,117
166
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
2,107
156
Total equity
2,117
166

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MJK Courier Limited
Balance sheet (continued)
as at 31 October 2024
3
The financial statements were approved and signed by the director and authorised for issue on 23 May 2025
Michael Kelbie
Director
Company registration number SC678310 (Scotland)
MJK Courier Limited
Notes to the financial statements
for the year ended 31 October 2024
4
1
Accounting policies
Company information

MJK Courier Limited is a private company limited by shares incorporated in Scotland. The registered office is 22 Gaitside Drive, Aberdeen, AB10 7BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the business fulfils its contractual obligations to customers by supplying services and excludes value added tax.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MJK Courier Limited
Notes to the financial statements (continued)
for the year ended 31 October 2024
1
Accounting policies (continued)
5
1.4
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Tangible fixed assets
Total
£
Cost
At 1 November 2023
496
Additions
700
At 31 October 2024
1,196
Depreciation and impairment
At 1 November 2023
83
Depreciation charged in the year
225
At 31 October 2024
308
Carrying amount
At 31 October 2024
888
At 31 October 2023
413
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