REGISTERED NUMBER: 02473732 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

MJC Construction & Refurb Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Gamski

A Gamski

SECRETARY:

J Gamski

REGISTERED OFFICE:

842 London Road

North Cheam

Sutton

Surrey

SM3 9BJ

REGISTERED NUMBER:

02473732 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

194,953

134,012

Investments

5

321,833

321,833

516,786

455,845

Current assets

Debtors

6

792,191

939,130

Cash at bank

237,698

164,273

1,029,889

1,103,403

Creditors

Amounts falling due within one year

7

(989,886

)

(1,168,279

)

Net current assets/(liabilities)

40,003

(64,876

)

Total assets less current liabilities

556,789

390,969

Creditors

Amounts falling due after more than one year

8

(280,318

)

(87,439

)

Provisions for liabilities

(9,691

)

(9,691

)

Net assets

266,780

293,839

Capital and reserves

Called up share capital

100

100

Retained earnings

10

266,680

293,739

266,780

293,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

W Gamski - Director

1.	STATUTORY INFORMATION

MJC Construction & Refurb 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company continued to the decorating and refurbishing of commercial and residential property.

2.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliable.The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their us lives on the following bases:

Plant and machinery

- 20% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Motor vehicles

- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

DEFERRED TAX

Deferred tax is recognized in respect of all material timing differences that have originated but not reversed at the balance sheet date.

LEASES

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES

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 statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the 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 Balance sheet.

PENSION

DEFINED CONTRIBUTION PENSION PLAN

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

4,895

18,880

303,149

326,924

Additions

-

6,738

120,880

127,618

Disposals

-

-

(104,469

)

(104,469

)

At 30 April 2025

4,895

25,618

319,560

350,073

DEPRECIATION

At 1 May 2024

4,805

12,858

175,249

192,912

Charge for year

18

2,218

51,367

53,603

Eliminated on disposal

-

-

(91,395

)

(91,395

)

At 30 April 2025

4,823

15,076

135,221

155,120

NET BOOK VALUE

At 30 April 2025

72

10,542

184,339

194,953

At 30 April 2024

90

6,022

127,900

134,012

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

321,833

NET BOOK VALUE

At 30 April 2025

321,833

At 30 April 2024

321,833

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

243,309

273,098

Gross amounts owed by contract customers

534,071

650,288

Other debtors

14,811

15,744

792,191

939,130

The directors consider considers the carrying value of trade and other receivables approximate to their fair value.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,484

10,225

Hire purchase contracts (see note 9)

61,768

49,208

Trade creditors

441,838

519,798

Taxation and social security

174,918

152,468

Other creditors

300,878

436,580

989,886

1,168,279

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

786

11,270

Hire purchase contracts (see note 9)

113,837

63,415

Other creditors

165,695

12,754

280,318

87,439

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

61,768

49,208

Between one and five years

113,837

63,415

175,605

112,623

10.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,932 (2024 - £14,123).

Contribution totalling £2,068 (2024 - £1,490) were payable to fund at balance sheet date and are included in other creditors.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

W Gamski

Balance outstanding at start of year

(399,633

)

(139,053

)

Amounts advanced

620,948

163,938

Amounts repaid

(453,124

)

(424,518

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(231,809

)

(399,633

)

13.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors are amounts due to directors of £231,809 (2024 - £399,633). This loan is interest free and repayable on demand.