Registered number
13359051
MJB Suffolk Ltd
Filleted Accounts
30 April 2025
MJB Suffolk Ltd
Registered number: 13359051
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 926 167
Current assets
Debtors 4 10,912 27,594
Cash at bank and in hand 7,676 12,703
18,588 40,297
Creditors: amounts falling due within one year 5 (10,518) (22,180)
Net current assets 8,070 18,117
Total assets less current liabilities 8,996 18,284
Provisions for liabilities (176) (32)
Net assets 8,820 18,252
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,819 18,251
Shareholders' funds 8,820 18,252
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Martin Balls
Director
Approved by the board on 12 August 2025
MJB Suffolk Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3-5 years via Reducing Balance Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
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 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024 222
Additions 1,068
At 30 April 2025 1,290
Depreciation
At 1 May 2024 55
Charge for the year 309
At 30 April 2025 364
Net book value
At 30 April 2025 926
At 30 April 2024 167
4 Debtors 2025 2024
£ £
Other debtors 10,912 27,594
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 9,444 21,220
Other creditors 1,074 960
10,518 22,180
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Martin Balls
Overdrawn directors account; repayable on demand with interest at the official rate (20,631) (47,687) 64,369 (3,949)
(20,631) (47,687) 64,369 (3,949)
7 Controlling party
The company is controlled by M Balls the director.
8 Other information
MJB Suffolk Ltd is a private company limited by shares and incorporated in England. Its registered office is:
First floor, 12 St John's Way,
St John's Business Estate
Downham Market
Norfolk
PE38 0QQ
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