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REGISTERED NUMBER: 04454470 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

M J Electronics Limited

M J Electronics Limited (Registered number: 04454470)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J Electronics Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs J I Smith
M J Brittle





SECRETARY: Mrs J I Smith





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 04454470 (England and Wales)





ACCOUNTANTS: Carter & Co.
Accountants & Taxation Advisors
19 Warren Park Way
The Warrens Business Park
Enderby
Leicester
LE19 4SA

M J Electronics Limited (Registered number: 04454470)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,714 58,133

CURRENT ASSETS
Stocks 36,500 56,000
Debtors 5 147,137 90,876
Cash at bank 54,745 79,602
238,382 226,478
CREDITORS
Amounts falling due within one year 6 113,173 65,914
NET CURRENT ASSETS 125,209 160,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,923

218,697

PROVISIONS FOR LIABILITIES 5,338 5,056
NET ASSETS 188,585 213,641

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 188,583 213,639
SHAREHOLDERS' FUNDS 188,585 213,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

M J Electronics Limited (Registered number: 04454470)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:




M J Brittle - Director



Mrs J I Smith - Director


M J Electronics Limited (Registered number: 04454470)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

M J Electronics 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.

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 etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 8 (2024 - 8 ) .

M J Electronics Limited (Registered number: 04454470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 31,519 89,862 121,381
Additions 13,990 - 13,990
At 31 March 2025 45,509 89,862 135,371
DEPRECIATION
At 1 April 2024 - 63,248 63,248
Charge for year - 3,409 3,409
At 31 March 2025 - 66,657 66,657
NET BOOK VALUE
At 31 March 2025 45,509 23,205 68,714
At 31 March 2024 31,519 26,614 58,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 142,908 69,369
Other debtors 96 17,477
Prepayments 4,133 4,030
147,137 90,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 41,179 18,622
Tax 27,472 -
Social security and other taxes 2,731 2,222
VAT 35,325 23,801
Other creditors 826 729
Directors' current accounts 3,840 18,790
Accrued expenses 1,800 1,750
113,173 65,914

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
2 Ordinary £1.00 2 2

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 (2024 - £70,000) were paid to the directors .