Company registration number 03986707 (England and Wales)
MJCR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MJCR LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
MJCR LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December 2024
31 March 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
66,150
75,600
Tangible assets
5
1,144
790
67,294
76,390
Current assets
Stocks
6,695
6,695
Debtors
6
112,643
35,532
Cash at bank and in hand
3,069
735
122,407
42,962
Creditors: amounts falling due within one year
7
(652,746)
(461,659)
Net current liabilities
(530,339)
(418,697)
Total assets less current liabilities
(463,045)
(342,307)
Creditors: amounts falling due after more than one year
8
(15,000)
(37,500)
Net liabilities
(478,045)
(379,807)
Capital and reserves
Called up share capital
9
4
4
Profit and loss reserves
(478,049)
(379,811)
Total equity
(478,045)
(379,807)
MJCR LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 by the board of directors and authorised for issue on 18 September 2025 and are signed on its behalf by:
Mr N J Southey
Director
Company registration number 03986707 (England and Wales)
MJCR LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
4
(264,548)
(264,544)
Year ended 31 March 2024:
Loss for the year
-
(115,263)
(115,263)
Balance at 31 March 2024
4
(379,811)
(379,807)
Period ended 31 December 2024:
Loss for the year
-
(98,238)
(98,238)
Balance at 31 December 2024
4
(478,049)
(478,045)
MJCR LTD
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

MJCR Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15 Poole Road, Woking, GU21 6BB.

2.1
Reporting period

These financial statements cover the period 1 April 2024 to 31 December 2024, a period of 9 months. The comparative figures are for the year ended 31 March 2024, a period of 12 months. As a results, the figures presented in the profit and loss account are not entirely comparable.

The period has been shortened to align the year-end with the calendar year and in line with other group companies.

2.2
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. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.3
Going concern

The company balance sheet shows that liabilities exceed assets by £478,045 (202 4 - £379,807). The company generated a loss on trading operations during the year of £98,238 (202 4 - £115,263). The directors have taken measures to reduce costs where necessary without affecting trade and with the continuing support of the directors and creditors the company is able to meet their financial obligations as they fall due, for this reason the directors consider it appropriate to prepare these accounts on a going concern basis.

2.4
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

MJCR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 5 -
2.5
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

2.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% on cost

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.

2.7
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank.

2.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ ’ 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

MJCR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.10
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.

2.11
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 year. 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.

2.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2024
Number
Number
Total
5
7
MJCR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 December 2024
126,000
Amortisation and impairment
At 1 April 2024
50,400
Amortisation charged for the period
9,450
At 31 December 2024
59,850
Carrying amount
At 31 December 2024
66,150
At 31 March 2024
75,600
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
28,038
Additions
750
At 31 December 2024
28,788
Depreciation and impairment
At 1 April 2024
27,248
Depreciation charged in the period
396
At 31 December 2024
27,644
Carrying amount
At 31 December 2024
1,144
At 31 March 2024
790
6
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
61,195
7,278
Other debtors
51,448
28,254
112,643
35,532
MJCR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
7
Creditors: amounts falling due within one year
2024
2024
£
£
Bank loan
30,000
30,000
Trade creditors
155,468
125,109
Amounts owed to group undertakings
373,549
249,397
Taxation and social security
7,497
5,194
Other creditors
86,232
51,959
652,746
461,659
8
Creditors: amounts falling due after more than one year
2024
2024
£
£
Bank loans
15,000
37,500
9
Called up share capital
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
4
4
4
4
10
Related party transactions

At the balance sheet date, the company owed £81,313 (202 4: £69,500) to Taganana Limited, the ultimate parent company.

At the balance sheet date, the company owed £56,650 (202 4: £56,650) to Colyer Repropoint Limited, a group subsidiary.

At the balance sheet date, the company owed £206,114 (202 4: £96,242) to C olyer Group Limited, a group subsidiary.

At the balance sheet date, the company owed £29,472 (202 4: £27,005) to MJ Colyer Phillips Limited, a parent company.

11
Directors' transactions

Other creditors includes an amount of £11,813 (202 4: £11,813) the company owed to the directors. The lo an is unsecured, interest free and repayable on demand.

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