REGISTERED NUMBER: 03905291 (England and Wales)

MJL Skipmaster Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

Notes to the financial statements

5

Directors:

J C Lyon

C M Lyon

S F Slayven

L Slayven

Registered office:

Brantons Bridge

Bourne Road

Pode Hole

Spalding

Lincolnshire

PE11 3LL

Registered number:

03905291 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MJL Skipmaster Limited for the year ended 30 November 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MJL Skipmaster Limited, as a body, in accordance with the terms of our engagement letter dated 25 February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of MJL Skipmaster Limited and state those matters that we have agreed to state to the Board of Directors of MJL Skipmaster Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MJL Skipmaster Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MJL Skipmaster Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MJL Skipmaster Limited. You consider that MJL Skipmaster Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MJL Skipmaster Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

12 September 2025

Fixed assets

Tangible assets

5

635,656

465,595

Investments

6

7,330

24,160

642,986

489,755

Current assets

Stocks

264,454

382,204

Debtors

7

1,846,084

1,735,217

Cash at bank and in hand

17,381

163,372

2,127,919

2,280,793

Creditors

Amounts falling due within one year

8

936,673

931,674

Net current assets

1,191,246

1,349,119

Total assets less current liabilities

1,834,232

1,838,874

Creditors

Amounts falling due after more than one year

9

-

(8,650

)

Provisions for liabilities

(151,098

)

(116,318

)

Net assets

1,683,134

1,713,906

Capital and reserves

Called up share capital

10

150,000

150,000

Retained earnings

1,533,134

1,563,906

Shareholders' funds

1,683,134

1,713,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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:

J C Lyon - Director

L Slayven - Director

1.	Statutory information

MJL Skipmaster 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

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

-

25% on reducing balance, 15% on reducing balance and 5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	Employees and directors

The average number of employees during the year was 29 (2023 - 35 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 December 2023

696,351

5,776

6,322

708,449

Additions

242,213

-

-

242,213

At 30 November 2024

938,564

5,776

6,322

950,662

Depreciation

At 1 December 2023

237,494

1,821

3,539

242,854

Charge for year

70,742

593

817

72,152

At 30 November 2024

308,236

2,414

4,356

315,006

Net book value

At 30 November 2024

630,328

3,362

1,966

635,656

At 30 November 2023

458,857

3,955

2,783

465,595

6.	Fixed asset investments

Listed

investments

£

Cost or valuation

At 1 December 2023

24,160

Additions

6,737

Revaluations

(23,567

)

At 30 November 2024

7,330

Net book value

At 30 November 2024

7,330

At 30 November 2023

24,160

Cost or valuation at 30 November 2024 is represented by:

Listed

investments

£

Valuation in 2024

7,330

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

670,875

609,418

Amounts owed by group undertakings

1,152,958

1,124,609

Prepayments and accrued income

22,251

1,190

1,846,084

1,735,217

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

-

6,116

Trade creditors

485,030

355,423

Commercial card

175

398

Tax

79,770

157,008

Social security and other taxes

69,965

44,973

VAT

88,843

160,219

Other creditors

2,147

2,131

Directors' loan accounts

108,759

129,240

Accruals and deferred income

101,984

76,166

936,673

931,674

9.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

-

8,650

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

150,000

Ordinary shares

£1

150,000

150,000