M J CARS LTD
Registered number: 08824899
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,120 17,220
Current assets
Cash at bank and in hand 9,280 18,781
Creditors: amounts falling due within one year 4 (3,241) (13,377)
Net current assets 6,039 5,404
Total assets less current liabilities 20,159 22,624
Creditors: amounts falling due after more than one year 5 (3,542) (7,933)
Net assets 16,617 14,691
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,616 14,690
Shareholder's funds 16,617 14,691
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mahir Jabouri
Director
Approved by the board on 1 August 2025
M J CARS LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2024 21,000
At 31 December 2024 21,000
Depreciation
At 1 January 2024 3,780
Charge for the year 3,100
At 31 December 2024 6,880
Net book value
At 31 December 2024 14,120
At 31 December 2023 17,220
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,581 2,681
Other creditors 660 10,696
3,241 13,377
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,542 5,926
Other creditors - 2,007
3,542 7,933
6 Other information
M J CARS LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 Langley Road
Slough
Berkshire
SL3 7AB
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