M and J Exporters LTD Filleted Accounts Cover
M and J Exporters LTD
Company No. 07907181
Information for Filing with The Registrar
31 December 2024
M and J Exporters LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was trade and worldwide export of paper and board.
Directors
The Directors who served at any time during the year were as follows:
Y. Gabra
M.I. Klein
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Y. Gabra
Director
31 December 2024
M and J Exporters LTD Balance Sheet Registrar
at
31 December 2024
Company No.
07907181
Notes
2024
2023
$
$
Current assets
Debtors
4
3,150,0061,618,990
Cash at bank and in hand
3,794,5232,337,366
6,944,5293,956,356
Creditors: Amount falling due within one year
7
(4,836,019)
(1,701,380)
Net current assets
2,108,5102,254,976
Total assets less current liabilities
2,108,5102,254,976
Provisions for liabilities
Other provisions
-
(296,541)
Net assets
2,108,5101,958,435
Capital and reserves
Called up share capital
148148
Profit and loss account
9
2,108,3621,958,287
Total equity
2,108,5101,958,435
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2024 and signed on its behalf by:
Y. Gabra
Director
31 December 2024
M and J Exporters LTD Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
M and J Exporters LTD is a private company limited by shares and incorporated in England and Wales.
The company's registered number is: 07907181
The address of the company's registered office is:
201 Haverstock Hill
2nd Floor
London
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2024
2023
$
$
Trade debtors
2,481,2951,367,777
Other debtors
668,711148
Prepayments and accrued income
-251,065
3,150,0061,618,990
5
Other Debtors
Other debtors included $668,711 of restricted cash reserves relating to line of credit balances maturing after the year end.
6
Cash at Bank and in Hand
Cash at bank and in hand consists of $2,544,523 in current accounts and $1,250,000 in deposit accounts.
7
Creditors:
amounts falling due within one year
2024
2023
$
$
Trade creditors
3,719,074902,886
Taxes and social security
381,020
304,458
Loans from directors
181,925181,925
Accruals and deferred income
554,000312,111
4,836,0191,701,380
8
Share Capital
100 Ordinary shares of £1 each, called up, unpaid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
$
$
Dividends for the period:
Dividends paid in the period
632,692
1,241,760
632,692
1,241,760
Dividends by type:
Equity dividends
632,6921,241,760
632,692
1,241,760
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