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Registered number: 14380735
MJE Group Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 14380735
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 375,885 375,885
Investments 5 1,400,000 1,400,000
1,775,885 1,775,885
CURRENT ASSETS
Debtors 6 20,000 -
Cash at bank and in hand 81,692 81,856
101,692 81,856
Creditors: Amounts Falling Due Within One Year 7 (268,972 ) (279,054 )
NET CURRENT ASSETS (LIABILITIES) (167,280 ) (197,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,608,605 1,578,687
Creditors: Amounts Falling Due After More Than One Year 8 (188,112 ) (171,500 )
NET ASSETS 1,420,493 1,407,187
CAPITAL AND RESERVES
Called up share capital 10 9 8
Merger reserves 1,399,992 1,399,992
Profit and Loss Account 20,492 7,187
SHAREHOLDERS' FUNDS 1,420,493 1,407,187
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Espey
Director
24 June 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Merger reserves Profit and Loss Account Total
£ £ £ £
As at 27 September 2022 - - - -
Profit for the year and total comprehensive income - - 7,187 7,187
Arising on shares issued during the period 8 - - 8
Movements in other reserves - 1,399,992 - 1,399,992
As at 30 September 2023 and 1 October 2023 8 1,399,992 7,187 1,407,187
Profit for the year and total comprehensive income - - 181,816 181,816
Dividends paid - - (168,511) (168,511)
Arising on shares issued during the period 1 - - 1
As at 30 September 2024 9 1,399,992 20,492 1,420,493
Page 3
Page 4
Notes to the Financial Statements
1. General Information
MJE Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14380735 . The registered office is Unit 3 Midbrook Court Tanners Drive, Blakelands, Milton Keynes, MK14 5FH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 375,885
As at 30 September 2024 375,885
Net Book Value
As at 30 September 2024 375,885
As at 1 October 2023 375,885
5. Investments
Subsidiaries
£
Cost
As at 1 October 2023 1,400,000
As at 30 September 2024 1,400,000
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 1,400,000
As at 1 October 2023 1,400,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,000 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,800 18,000
Amounts owed to group undertakings 260,000 260,000
Other creditors 225 225
Taxation and social security 3,947 829
268,972 279,054
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 188,112 171,500
Page 5
Page 6
9. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 4,800 18,000
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 188,112 171,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9 8
Page 6