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Company No: 07090217 (England and Wales)

MJF DISTRIBUTION LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

MJF DISTRIBUTION LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MJF DISTRIBUTION LIMITED

BALANCE SHEET

As at 31 March 2025
MJF DISTRIBUTION LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 143,584 182,630
143,584 182,630
Current assets
Debtors 4 151,953 125,192
Cash at bank and in hand 70,489 1,520
222,442 126,712
Creditors: amounts falling due within one year 5 ( 288,566) ( 183,295)
Net current liabilities (66,124) (56,583)
Total assets less current liabilities 77,460 126,047
Creditors: amounts falling due after more than one year 6 ( 110,251) ( 154,490)
Provision for liabilities ( 35,896) ( 45,658)
Net liabilities ( 68,687) ( 74,101)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 68,787 ) ( 74,201 )
Total shareholders' deficit ( 68,687) ( 74,101)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MJF Distribution Limited (registered number: 07090217) were approved and authorised for issue by the Board of Directors on 06 August 2025. They were signed on its behalf by:

Mr M J Frankland
Director
MJF DISTRIBUTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MJF DISTRIBUTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MJF Distribution Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ercall House, Stafford Park 1, Telford, TF3 3BD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 6

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 April 2024 276,213 9,923 286,136
Additions 30,000 0 30,000
Disposals ( 96,940) 0 ( 96,940)
At 31 March 2025 209,273 9,923 219,196
Accumulated depreciation
At 01 April 2024 93,717 9,789 103,506
Charge for the financial year 39,530 134 39,664
Disposals ( 67,558) 0 ( 67,558)
At 31 March 2025 65,689 9,923 75,612
Net book value
At 31 March 2025 143,584 0 143,584
At 31 March 2024 182,496 134 182,630

4. Debtors

2025 2024
£ £
Trade debtors 138,536 108,125
Other debtors 13,417 17,067
151,953 125,192

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans (secured £ 10,650) 16,650 20,213
Trade creditors 190,367 105,940
Amounts owed to directors 1,802 3,505
Accruals 1,950 1,700
Other taxation and social security 23,319 5,850
Obligations under finance leases and hire purchase contracts (secured) 53,875 45,583
Other creditors 603 504
288,566 183,295

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured £ 24,850) 25,836 42,500
Obligations under finance leases and hire purchase contracts (secured) 84,415 111,990
110,251 154,490

The hire purchase contracts in operation by the company are secured against the assets to which they relate.

A bank loan provided to the company is personally guaranteed by the company directors'.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100