M&J Food Brokers Ltd

M&J Food Brokers Ltd
Contents Page
For the year ended 29 February 2024

Statement of financial position	1
Notes to the financial statements	2

M&J Food Brokers Ltd
Statement of Financial Position
As at 29 February 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	29	39
		29	39
Current assets
Debtors		104,620	55,986
Cash at bank and in hand		(37,080)	(39,513)
		67,540	16,473
Creditors: amount falling due within one year		(56,149)	(11,977)
Net current assets		11,391	4,496

Total assets less current liabilities		11,420	4,535
Creditors: amount falling due after more than one year		(23,204)	(32,953)
Net assets		(11,784)	(28,418)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(11,884)	(28,518)
Shareholders' funds		(11,784)	(28,418)

For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 17 September 2025 and were signed by:

-------------------------------
Mark Walker
Director

1

M&J Food Brokers Ltd
Notes to the Abridged Financial Statements
For the year ended 29 February 2024

General Information

M&J Food Brokers Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 08433722, registration address 2 Upton Road, Claughton, Wirral, Merseyside, CH41 0DF.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	33% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2023 : 1).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 March 2023	580	14,213	14,793
Additions	-	-	-
Disposals	-	-	-
At 29 February 2024	580	14,213	14,793
Depreciation
At 01 March 2023	541	14,213	14,754
Charge for year	10	-	10
On disposals	-	-	-
At 29 February 2024	551	14,213	14,764
Net book values
Closing balance as at 29 February 2024	29	-	29
Opening balance as at 01 March 2023	39	-	39

2

Registered Number: 08433722
England & Northern Ireland
M&J FOOD BROKERS LTD

Abridged Accounts

Period of accounts Start date: 01 March 2023 End date: 29 February 2024