REGISTERED NUMBER: 04345488 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MBJ Motor Factors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Curtis

Mr J Curtis

SECRETARY:

Mr M Curtis

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04345488 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

NatWest Bank plc

St.James Street

Newport

Isle of Wight

PO30 1AB

FIXED ASSETS

Tangible assets

4

255,603

243,429

CURRENT ASSETS

Stocks

90,000

86,000

Debtors

5

204,662

195,750

Cash at bank and in hand

520,975

471,775

815,637

753,525

CREDITORS

Amounts falling due within one year

6

365,471

365,184

NET CURRENT ASSETS

450,166

388,341

TOTAL ASSETS LESS CURRENT LIABILITIES

705,769

631,770

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

705,669

631,670

SHAREHOLDERS' FUNDS

705,769

631,770

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 November 2025 and were signed on its behalf by:

Mr M Curtis - Director

1.	STATUTORY INFORMATION

MBJ Motor Factors 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 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 etc

-

25% on reducing balance and 15% 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.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

191,094

153,754

344,848

Additions

-

40,539

40,539

Disposals

-

(23,995

)

(23,995

)

At 31 March 2025

191,094

170,298

361,392

DEPRECIATION

At 1 April 2024

-

101,419

101,419

Charge for year

-

18,242

18,242

Eliminated on disposal

-

(13,872

)

(13,872

)

At 31 March 2025

-

105,789

105,789

NET BOOK VALUE

At 31 March 2025

191,094

64,509

255,603

At 31 March 2024

191,094

52,335

243,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

204,662

195,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

86,915

94,570

Taxation and social security

73,581

65,983

Other creditors

204,975

204,631

365,471

365,184