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REGISTERED NUMBER: 02062566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MJT Controls Limited

MJT Controls Limited (Registered number: 02062566)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJT Controls Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Taylor
J A Taylor
D O'Donovan





REGISTERED OFFICE: Unit 10, Novers Hill Trading Estate
Novers Hill, Bedminster
Bristol
BS3 5QY





REGISTERED NUMBER: 02062566 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

MJT Controls Limited (Registered number: 02062566)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,250 10,000
Tangible assets 5 50,545 59,583
59,795 69,583

CURRENT ASSETS
Stocks 316,122 305,937
Debtors 6 391,613 407,144
Cash at bank and in hand 116,679 233,062
824,414 946,143
CREDITORS
Amounts falling due within one year 7 431,448 492,837
NET CURRENT ASSETS 392,966 453,306
TOTAL ASSETS LESS CURRENT LIABILITIES 452,761 522,889

PROVISIONS FOR LIABILITIES 10,727 12,612
NET ASSETS 442,034 510,277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 441,934 510,177
442,034 510,277

MJT Controls Limited (Registered number: 02062566)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 14 July 2025 and were signed on its behalf by:





M J Taylor - Director


MJT Controls Limited (Registered number: 02062566)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

MJT Controls 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold- 10% on reducing balance and 5% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on reducing balance

MJT Controls Limited (Registered number: 02062566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Stocks
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MJT Controls Limited (Registered number: 02062566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
Amortisation for year 750
At 31 December 2024 750
NET BOOK VALUE
At 31 December 2024 9,250
At 31 December 2023 10,000

MJT Controls Limited (Registered number: 02062566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 38,860 34,946 61,217 68,943 203,966
Additions - - - 5,164 5,164
Disposals - (165 ) - (1,391 ) (1,556 )
At 31 December 2024 38,860 34,781 61,217 72,716 207,574
DEPRECIATION
At 1 January 2024 27,085 22,224 36,864 58,210 144,383
Charge for year 616 3,148 6,088 4,046 13,898
Eliminated on disposal - (38 ) - (1,214 ) (1,252 )
At 31 December 2024 27,701 25,334 42,952 61,042 157,029
NET BOOK VALUE
At 31 December 2024 11,159 9,447 18,265 11,674 50,545
At 31 December 2023 11,775 12,722 24,353 10,733 59,583

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 353,537 379,025
Other debtors 38,076 28,119
391,613 407,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 341,427 388,620
Taxation and social security 53,467 76,855
Other creditors 36,554 27,362
431,448 492,837

MJT Controls Limited (Registered number: 02062566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £198,064 (2023 - £239,408).

9. PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £Nil (2023 - £1,701) were payable to the fund at the reporting date.

10. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 154 154
Advanced 96,281 96,281
Repaid (95,063 ) (95,063 )
At end of period 1,372 1,372


Key
management


Total
2023 £ £
At start of period 1,136 1,136
Advanced 106,807 106,807
Repaid (107,789 ) (107,789 )
At end of period 154 154

Loans from key management are interest free and repayable on demand.