MJC Automobile Services Ltd - Filleted accounts

Registered number

04781416

MJC Automobile Services Ltd

Filleted Accounts

31 March 2025

MJC Automobile Services Ltd
Registered number:		04781416
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,143			1,664

Current assets
Stocks		750			1,750
Debtors	4	5,308			10,774
Cash at bank and in hand		9,442			14,686
		15,500			27,210

Creditors: amounts falling due within one year	5	(11,792)			(17,503)

Net current assets			3,708			9,707

Net assets			4,851			11,371

Capital and reserves
Called up share capital			3			3
Profit and loss account			4,848			11,368

Shareholders' funds			4,851			11,371

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stewart Conisbee
Director
Approved by the board on 31 December 2025

MJC Automobile Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor Vehicles	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	15,189		7,650		22,839
	At 31 March 2025	15,189		7,650		22,839

	Depreciation
	At 1 April 2024	13,525		7,650		21,175
	Charge for the year	521		-		521
	At 31 March 2025	14,046		7,650		21,696

	Net book value
	At 31 March 2025	1,143		-		1,143
	At 31 March 2024	1,664		-		1,664


4	Debtors			2025		2024
£					£

	Trade debtors			5,308		4,116
	Other debtors			-		6,658
				5,308		10,774


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			854		2,862
	Amounts owed to directors			1,828		3,594
	Taxation and social security costs			9,110		11,047
				11,792		17,503


6	Related party transactions

	The accounts include disclosure of amounts owed to directors and connected parties at the year end. At 31 March 2025, £313 was owed to S Conisbee and £1,516 was owed to the estate of M Conisbee. Both balances are unsecured, interest-free and repayable on demand. Martin Conisbee passed away during the financial year and resigned as a director on 14 January 2025. The balance disclosed as owed to his estate appropriately reflects this position at the reporting date. No other related party transactions or director loan balances have been identified.


7	Other information

	MJC Automobile Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	18 Blackheath Grove
	Wonersh
	Guildford
	Surrey
	GU5 0PU