MIJ & Co Entertainment Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10581608 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

MIJ & CO ENTERTAINMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Roddison

M I Jama

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

REGISTERED NUMBER:

10581608 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Intangible assets

4

7,848

9,147

Tangible assets

5

1,731

2,173

Investments

6

830,577

406,574

840,156

417,894

CURRENT ASSETS

Debtors

7

245,556

630,175

Cash at bank

2,157,427

1,305,110

2,402,983

1,935,285

CREDITORS

Amounts falling due within one year

8

585,600

516,670

NET CURRENT ASSETS

1,817,383

1,418,615

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,657,539

1,836,509

PROVISIONS FOR LIABILITIES

26,598

10,598

NET ASSETS

2,630,941

1,825,911

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

9

77,127

31,794

Retained earnings

2,553,813

1,794,116

2,630,941

1,825,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 16 August 2025 and were signed on its behalf by:

M I Jama - Director

1.	STATUTORY INFORMATION

MIJ & Co Entertainment Ltd 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.

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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

-

25% 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 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 February 2024

and 31 January 2025

10,000

12,986

22,986

AMORTISATION

At 1 February 2024

10,000

3,839

13,839

Charge for year

-

1,299

At 31 January 2025

10,000

5,138

15,138

NET BOOK VALUE

At 31 January 2025

-

7,848

At 31 January 2024

-

9,147

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

5,539

Additions

134

At 31 January 2025

5,673

DEPRECIATION

At 1 February 2024

3,366

Charge for year

576

At 31 January 2025

3,942

NET BOOK VALUE

At 31 January 2025

1,731

At 31 January 2024

2,173

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2024

406,574

Additions

360,000

Revaluations

64,003

At 31 January 2025

830,577

NET BOOK VALUE

At 31 January 2025

830,577

At 31 January 2024

406,574

Cost or valuation at 31 January 2025 is represented by:

Other

investments

£

Valuation in 2022

42,392

Valuation in 2025

64,003

Cost

724,182

830,577

If listed fixed asset investments had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

Cost

307,269

Fixed asset investments were valued on an open market basis basis on 31 January 2024 by St. James Place Wealth Management .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

126,473

500,935

Other debtors

119,083

129,240

245,556

630,175

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

834

9,356

Taxation and social security

570,326

493,112

Other creditors

14,440

14,202

585,600

516,670

9.

RESERVES

Fair

value

reserve

£

At 1 February 2024

31,794

Reserves reclassification

45,333

At 31 January 2025

77,127

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M I Jama.