Company registration number 13996330 (England and Wales)
MPJ RECRUITMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
MPJ RECRUITMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MPJ RECRUITMENT LTD
BALANCE SHEET
AS AT
30 AUGUST 2024
30 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
925
1,271
Current assets
Debtors
4
61,604
9,360
Cash at bank and in hand
916
6,767
62,520
16,127
Creditors: amounts falling due within one year
5
(60,507)
(13,566)
Net current assets
2,013
2,561
Net assets
2,938
3,832
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
2,937
3,831
Total equity
2,938
3,832
For the financial period ended 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 30 August 2025
Mr M Jackson
Director
Company registration number 13996330 (England and Wales)
MPJ RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 AUGUST 2024
- 2 -
1
Accounting policies
Company information
MPJ Recruitment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is St Peters House, Silverwell Street, Bolton, BL1 1PP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company finances its operations by means of a bank trueloan facility. The director is not aware of any reason why the loan facility will not be maintained at its current level. As a result, the director has continued to adopt the going concern basis in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for goods and services provided net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Computers
33.3% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
MPJ RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.9
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
4
1
MPJ RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 AUGUST 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023
1,907
Additions
374
At 30 August 2024
2,281
Depreciation and impairment
At 1 September 2023
636
Depreciation charged in the period
720
At 30 August 2024
1,356
Carrying amount
At 30 August 2024
925
At 31 August 2023
1,271
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
15,344
9,360
Other debtors
46,260
61,604
9,360
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
12,697
Trade creditors
844
1,310
Taxation and social security
33,822
11,014
Other creditors
13,144
1,242
60,507
13,566
The company's bank borrowings are secured by a fixed and floating charge over the assets of the company.
MPJ RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 AUGUST 2024
- 5 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Directors' transactions
During the period the company operated a loan account with the director. At the balance sheet date an amount of £45,178 was owed to the company (2023 - creditor of £492).