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REGISTERED NUMBER: 07807505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

MJS (Letchworth) Building Services
Limited

MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJS (Letchworth) Building Services
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr M J Smith
Ms U S Capell





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 07807505 (England and Wales)

MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,799 5,066
3,799 5,066

CURRENT ASSETS
Stocks 13,999 77,316
Debtors 7 69,032 6,387
Cash at bank 5,830 30,043
88,861 113,746
CREDITORS
Amounts falling due within one year 8 85,976 101,838
NET CURRENT ASSETS 2,885 11,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,684

16,974

CREDITORS
Amounts falling due after more than one year 9 (5,830 ) (15,823 )

PROVISIONS FOR LIABILITIES (722 ) (1,108 )
NET ASSETS 132 43

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 131 42
SHAREHOLDERS' FUNDS 132 43

MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 16 July 2025 and were signed on its behalf by:





Mr M J Smith - Director


MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

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


1. STATUTORY INFORMATION

MJS (Letchworth) Building Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it estimated useful life.

Plant and machinery etc - 25% 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

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


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 10,000
AMORTISATION
At 1 November 2023
and 31 October 2024 10,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

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


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 15,705
DEPRECIATION
At 1 November 2023 10,639
Charge for year 1,267
At 31 October 2024 11,906
NET BOOK VALUE
At 31 October 2024 3,799
At 31 October 2023 5,066

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,641 1,000
Other debtors 37,391 5,387
69,032 6,387

Included within other debtors disclosed above is a balance of £4,774 (2023 - £1,321) in relation to S455, a balance of £14,495 (2023 - £4,066) in relation to the Director's loan account, a balance of £656 (2023: £nil) in relation to prepayments and a balance of £17,466 (2023: £nil) in relation to accrued income.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,057 10,055
Trade creditors 6,753 72,766
Taxation and social security 68,209 18,060
Other creditors 957 957
85,976 101,838

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,830 15,823

MJS (Letchworth) Building Services
Limited (Registered number: 07807505)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its director. Amounts advanced to the director totalled £91,285 (2023 - £59,008), amounts repaid to the company totalled £80,992 (2023 - £94,486) and interest charged on the loan at a rate of 7.8% totalled £136 (2023 - £823). The balance owed to the company at the year end totalled £14,495 (2023 - £4,066) and is repayable on demand.