Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12914375 Mr JEAN MICHEL PARISOTTO Mr MARCOS ANTONIO DE OLIVEIRA ROCHA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12914375 2023-09-30 12914375 2024-09-30 12914375 2023-10-01 2024-09-30 12914375 frs-core:CurrentFinancialInstruments 2024-09-30 12914375 frs-core:MotorVehicles 2024-09-30 12914375 frs-core:MotorVehicles 2023-10-01 2024-09-30 12914375 frs-core:MotorVehicles 2023-09-30 12914375 frs-core:ShareCapital 2024-09-30 12914375 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12914375 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12914375 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12914375 frs-bus:SmallEntities 2023-10-01 2024-09-30 12914375 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12914375 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12914375 frs-bus:Director1 2023-10-01 2024-09-30 12914375 frs-bus:Director2 2023-10-01 2024-09-30 12914375 frs-countries:EnglandWales 2023-10-01 2024-09-30 12914375 2022-09-30 12914375 2023-09-30 12914375 2022-10-01 2023-09-30 12914375 frs-core:CurrentFinancialInstruments 2023-09-30 12914375 frs-core:ShareCapital 2023-09-30 12914375 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12914375
MJ MOTORCYCLE LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
LONDON DO IT LTD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12914375
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,042 23,292
71,042 23,292
CURRENT ASSETS
Stocks 5 28,961 58,426
Debtors 6 23,731 (21,366 )
Cash at bank and in hand 17,421 48,198
70,113 85,258
Creditors: Amounts Falling Due Within One Year 7 (414,928 ) (208,581 )
NET CURRENT ASSETS (LIABILITIES) (344,815 ) (123,323 )
TOTAL ASSETS LESS CURRENT LIABILITIES (273,773 ) (100,031 )
NET LIABILITIES (273,773 ) (100,031 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (273,873 ) (100,131 )
SHAREHOLDERS' FUNDS (273,773) (100,031)
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 JEAN MICHEL PARISOTTO
Director
26/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MJ MOTORCYCLE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12914375 . The registered office is Unit 39, Milford Road, Reading, RG1 8LG.
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:
Motor Vehicles 5 Years
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 October 2023 46,585
Additions 74,245
As at 30 September 2024 120,830
Depreciation
As at 1 October 2023 23,293
Provided during the period 26,495
As at 30 September 2024 49,788
Net Book Value
As at 30 September 2024 71,042
As at 1 October 2023 23,292
5. Stocks
2024 2023
£ £
Stock 28,961 58,426
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,904 (23,866 )
Other debtors 827 2,500
23,731 (21,366 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,954 44,223
Bank loans and overdrafts - 12,022
Other loans - 12
Amounts owed to participating interests 319,757 93,342
Other creditors 3,144 52,015
Taxation and social security 29,073 6,967
414,928 208,581
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4