REGISTERED NUMBER: 08340188 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MJT ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Tibenham

M J Tibenham

REGISTERED OFFICE:

40 West Don Street

Sheffield

S6 3BH

REGISTERED NUMBER:

08340188 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

Aizlewood's Mill

Nursery Street

Sheffield

S3 8GG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,076

85,251

Investments

6

28,250

28,250

100,326

113,501

CURRENT ASSETS

Debtors

7

228,345

139,458

Cash at bank

1,298,746

1,029,373

1,527,091

1,168,831

CREDITORS

Amounts falling due within one year

8

176,683

149,497

NET CURRENT ASSETS

1,350,408

1,019,334

TOTAL ASSETS LESS CURRENT LIABILITIES

1,450,734

1,132,835

PROVISIONS FOR LIABILITIES

13,449

16,451

NET ASSETS

1,437,285

1,116,384

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,437,085

1,116,184

SHAREHOLDERS' FUNDS

1,437,285

1,116,384

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 September 2025 and were signed on its behalf by:

M J Tibenham - Director

1.	STATUTORY INFORMATION

MJT Engineering 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years. The estimated useful life of the goodwill has been calculated based on economic factors and the nature of the business.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost and 10% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

600,000

AMORTISATION

At 1 January 2024

and 31 December 2024

600,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

145,759

Additions

2,530

At 31 December 2024

148,289

DEPRECIATION

At 1 January 2024

60,508

Charge for year

15,705

At 31 December 2024

76,213

NET BOOK VALUE

At 31 December 2024

72,076

At 31 December 2023

85,251

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Other investment

28,250

28,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

190,367

129,425

Other debtors

37,978

10,033

228,345

139,458

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

13,296

9,433

Taxation and social security

155,035

130,233

Other creditors

8,352

9,831

176,683

149,497

9.	RELATED PARTY DISCLOSURES

The amount due to the company by M Tibenham, director at 31 December 2024 was £16,834. The amount was repaid to the company after the year end date.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Tibenham.