Acorah Software Products - Accounts Production 19.2.350 false true true 31 December 2024 1 January 2024 true 1 January 2025 31 December 2025 31 December 2025 07967944 Mr M J Hall Mark James Hall true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07967944 2024-12-31 07967944 2025-12-31 07967944 2025-01-01 2025-12-31 07967944 frs-core:CurrentFinancialInstruments 2025-12-31 07967944 frs-core:Non-currentFinancialInstruments 2025-12-31 07967944 frs-core:BetweenOneFiveYears 2025-12-31 07967944 frs-core:ComputerEquipment 2025-12-31 07967944 frs-core:ComputerEquipment 2025-01-01 2025-12-31 07967944 frs-core:ComputerEquipment 2024-12-31 07967944 frs-core:FurnitureFittings 2025-12-31 07967944 frs-core:FurnitureFittings 2025-01-01 2025-12-31 07967944 frs-core:FurnitureFittings 2024-12-31 07967944 frs-core:NetGoodwill 2025-12-31 07967944 frs-core:NetGoodwill 2025-01-01 2025-12-31 07967944 frs-core:NetGoodwill 2024-12-31 07967944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 07967944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 07967944 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07967944 frs-core:PlantMachinery 2025-12-31 07967944 frs-core:PlantMachinery 2025-01-01 2025-12-31 07967944 frs-core:PlantMachinery 2024-12-31 07967944 frs-core:WithinOneYear 2025-12-31 07967944 frs-core:ShareCapital 2025-12-31 07967944 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 07967944 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 07967944 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07967944 frs-bus:FullAccounts 2025-01-01 2025-12-31 07967944 frs-bus:SmallEntities 2025-01-01 2025-12-31 07967944 frs-bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07967944 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07967944 frs-bus:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 07967944 1 2025-01-01 2025-12-31 07967944 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-12-31 07967944 frs-bus:Director1 2025-01-01 2025-12-31 07967944 frs-core:CurrentFinancialInstruments 1 2025-12-31 07967944 frs-countries:EnglandWales 2025-01-01 2025-12-31 07967944 2023-12-31 07967944 2024-12-31 07967944 2024-01-01 2024-12-31 07967944 frs-core:CurrentFinancialInstruments 2024-12-31 07967944 frs-core:Non-currentFinancialInstruments 2024-12-31 07967944 frs-core:BetweenOneFiveYears 2024-12-31 07967944 frs-core:WithinOneYear 2024-12-31 07967944 frs-core:ShareCapital 2023-12-31 07967944 frs-core:ShareCapital 2024-12-31 07967944 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 07967944 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 07967944 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07967944 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 07967944 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 07967944
MJH Accountants Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
MJH Accountants Limited
Chartered Accountants and Chartered Tax Advisers
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF
MJH Accountants Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Director's Report | 2—4
Accountant's Report | 5
Profit and Loss Account | 6
Balance Sheet | 7—8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10—15

Page 1
MJH Accountants Limited
Company Information
For The Year Ended 31 December 2025
Company Information

Director | Mr M J Hall
Company Number | 07967944
Registered Office | 129 Woodplumpton Road
| Fulwood
| Preston
| Lancashire
| PR2 3LF
Business | 129 Woodplumpton Road
| Fulwood
| Preston
| Lancashire
| PR2 3LF
Accountants | MJH Accountants Limited
| Chartered Accountants and Chartered Tax Advisers
| 129 Woodplumpton Road
| Fulwood
| Preston
| Lancashire
| PR2 3LF
Bankers | Barclays Bank Plc
| 265-267 Lord Street
| Southport
| Lancashire
| PR8 1PD

Page 1
Page 2
MJH Accountants Limited
Company No. 07967944
Director's Report For The Year Ended 31 December 2025
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2025.
Principal Activity
The company's principal activity continues to be that of providing accounting, auditing, and tax advisory services. The company also offers complimentary products and services to clients including various accounting software solutions and insurance services to protect clients in the event of a tax enquiry.
Review of the Business
Overview
The company achieved turnover of £1,012,439 in 2025, an increase of 9.50% compared to 2024 (£924,626). This growth was driven by a rise in demand for our core services, including accounting and tax advisory services, as well as a notable increase in software services, which contributed £100,270 to the turnover (2024: £77,645).
The gross profit margin increased significantly from 50.95% in 2024 to 61.26% in 2025, reflecting tighter cost control and improved operational efficiencies, while administrative expenses decreased by 0.97%, contributing to the strong operating profit. This performance was supported by a number of staffing changes implemented during the year, including at senior level, which provided an opportunity to strengthen the organisational structure and enhance overall efficiency and alignment.
Key Performance Indicators (KPIs)

- Turnover Growth: 9.50% (2024: 7.96%)
- Operating Profit Margin: 31.28% (2024: 17.10%)
- Net Asset growth: £204,583 to £309,368 (2024: £104,785)
- Dividend Payout Ratio: 17.03% of net profit (2024: 44.66%)

Principal Risks and Uncertainties
The company faces several risks, including:

1. Regulatory Changes: Changes in tax laws or financial regulations could impact our advisory services. We mitigate this by staying updated and adjusting services accordingly.
2. Economic Downturn: A slowdown in the economy could affect clients' demand for accounting and tax services. To manage this, we have diversified our service offerings and focused on long-term client relationships.
3. Technology Risks: As we continue to grow our software services, there is an inherent risk related to IT security and data privacy. We address this by investing in robust cybersecurity measures and regularly reviewing compliance with data protection laws.

Future Outlook
The outlook for 2026 remains positive. We anticipate steady growth in demand for accounting services, particularly from SMEs, especially in light of the MTD reforms and the additional compliance burden these will place on small businesses. The continued growth in our client numbers supports us in our growth targets.
Employee Engagement and Development
The company places high importance on the development of its employees. In 2025, we continued to invest in our apprentices whom are all on approved professional training programmes whilst also ensuring our experienced staff remain up to date with CPD programmes focussed on new tax regulations and software, allowing them to remain at the cutting edge of industry knowledge.
Environmental and Social Responsibility
MJH Accountants are committed to making a positive impact not only in the financial services we provide but also in the communities we serve. We recognise that our role extends beyond accounting, and we actively contribute to environmental sustainability and social responsibility through meaningful initiatives.
Supporting Education and Careers
One of our core social initiatives is supporting the next generation of professionals. We work closely with schools and colleges' careers departments, offering students opportunities to explore the world of accounting and finance. By partnering with local educational institutions, we provide structured work experience programs designed to inspire and educate young minds about the profession.
In 2025, we welcomed 4 students for work placements, offering hands-on experience in various aspects of accounting and business operations. This initiative aims to demystify the profession, spark interest in accounting careers, and equip students with practical skills that are invaluable as they enter the workforce.
...CONTINUED
Page 2
Page 3
MJH Accountants Limited
Director's Report (continued)
For The Year Ended 31 December 2025
Review of the Business - continued
Community Engagement and Charity Work
We believe in giving back to the community and are proud of our charitable work. Our team selects a charity to support in 2 year blocks, and we are dedicated to raising funds through a range of events. In 2025 and 2026, we have selected the Brain Tumour Charity to benefit from our work and will continue to raise money for this worthy cause through a series of activities, including our headline event which is the MJH Charity Ball which is planned for September 2026.
By involving staff, clients, and local communities in these events, we aim to make a significant difference in the lives of those in need.
Environmental Responsibility
While our core operations have a limited environmental footprint, we are committed to minimising our impact wherever possible as we make further progress in reducing our carbon footprint, by limiting our use of paper and encouraging the team to minimise the use of energy.
Conclusion
Our commitment to social responsibility is deeply ingrained in our company culture. Whether it’s inspiring future accountants through educational partnerships, raising significant funds for worthy causes, or implementing environmentally responsible practices, MJH Accountants aims to make a meaningful difference. We look forward to expanding these initiatives in the coming years and continuing to support the communities and environments in which we operate.
Future Developments
MJH Accountants Limited is well-positioned for future growth, with strong financial performance and a clear strategy for expansion in both traditional services and new areas like software solutions. We will continue to focus on delivering value to our clients and shareholders while managing risks effectively.
The company plans to expand by greater cross-selling of services to existing clients in addition to attracting new clients from its various marketing streams including online sources and from existing client / partner referrals.
Particularly, we will be looking to broaden our audit and assurance offering as the established players in this sector look to divest themselves of smaller clients and concentrate on larger businesses.
We will also look to enhance our use of technology along with that of our clients as we begin to come within the scope of MTD in April 2026.
Employee retention has been a challenge across the professional services sector since COVID, however, at MJH, we have met this challenge ‘head-on’ as we have continued to grow our team through the recruitment of enthusiastic apprentices whom we plan to nurture into the ‘MJH managers of the future’ whilst also harnessing the opportunities created by an increasingly mobile workforce as we are work more closely with our accounting partners across the globe.
Dividends
The profit after taxation for the year amounted to £246,583 (2024: £111,965). During the year, dividends amounting to £42,000 were paid (2024: £50,000).
Directors
The director who served during the year was Mr. Mark James Hall.
Page 3
Page 4
MJH Accountants Limited
Director's Report (continued)
For The Year Ended 31 December 2025
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board

Mr M J Hall Director
30 April 2026

Page 4
Page 5
MJH Accountants Limited
Accountant's Report
For The Year Ended 31 December 2025
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of MJH Accountants Limited for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of MJH Accountants Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of MJH Accountants Limited , as a body, in accordance with the terms of our engagement letter dated 01/01/2023. Our work has been undertaken solely to prepare for your approval the accounts of MJH Accountants Limited and state those matters that we have agreed to state to the director of MJH Accountants Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MJH Accountants Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that MJH Accountants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of MJH Accountants Limited . You consider that MJH Accountants Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of MJH Accountants Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Mark James Hall
30 April 2026

MJH Accountants Limited
Chartered Accountants and Chartered Tax Advisers
129 Woodplumpton Road
Fulwood
Preston
Lancashire
PR2 3LF
Page 5
Page 6
MJH Accountants Limited
Profit and Loss Account
For The Year Ended 31 December 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 1,012,439 |  | 924,626
Cost of sales |  | (392,187 ) |  | (453,534 )
GROSS PROFIT |  | 620,252 |  | 471,092
Administrative expenses |  | (319,116 ) |  | (320,353 )
Other operating income |  | 15,573 |  | 7,400
OPERATING PROFIT | 3 | 316,709 |  | 158,139
Loss on disposal of fixed assets |  | (1,035 ) |  | (1,140 )
Other interest receivable and similar income |  | 19,422 |  | 13,230
Interest payable and similar charges |  | (1,892 ) |  | (2,562 )
PROFIT BEFORE TAXATION |  | 333,204 |  | 167,667
Tax on Profit | 6 | (86,621 ) |  | (55,702 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 246,583 |  | 111,965

The notes on pages 10 to 15 form part of these financial statements.
Page 6
Page 7
MJH Accountants Limited
Balance Sheet
As At 31 December 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 7 |  | 16 |  | 51
Tangible Assets | 8 |  | 24,000 |  | 31,850
|  |  | 24,016 |  | 31,901
CURRENT ASSETS
Stocks | 9 | 3,311 |  | 3,940 |
Debtors | 10 | 253,425 |  | 184,382 |
Cash at bank and in hand |  | 613,649 |  | 418,528 |
|  | 870,385 |  | 606,850 |
Creditors: Amounts Falling Due Within One Year | 11 | (579,688 ) |  | (522,614 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 290,697 |  | 84,236
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 314,713 |  | 116,137
Creditors: Amounts Falling Due After More Than One Year | 12 |  | - |  | (4,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 13 |  | (5,345 ) |  | (7,185 )
NET ASSETS |  |  | 309,368 |  | 104,785
CAPITAL AND RESERVES
Called up share capital | 14 |  | 100 |  | 100
Profit and Loss Account |  |  | 309,268 |  | 104,685
SHAREHOLDERS' FUNDS |  |  | 309,368 |  | 104,785

Page 7
Page 8
MJH Accountants Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr M J Hall Director
30 April 2026

The notes on pages 10 to 15 form part of these financial statements.
Page 8
Page 9
MJH Accountants Limited
Statement of Changes in Equity
For The Year Ended 31 December 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 January 2024 | 100 | 42,720 | 42,820
Profit for the year and total comprehensive income | - | 111,965 | 111,965
Dividends paid | - | (50,000) | (50,000)
As at 31 December 2024 and 1 January 2025 | 100 | 104,685 | 104,785
Profit for the year and total comprehensive income | - | 246,583 | 246,583
Dividends paid | - | (42,000) | (42,000)
As at 31 December 2025 | 100 | 309,268 | 309,368

Page 9
Page 10
MJH Accountants Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
MJH Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07967944 . The registered office is 129 Woodplumpton Road, Fulwood, Preston, Lancashire, PR2 3LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Director has a reasonable expectation that the company has adequate resources to continue its operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of accountancy, taxation and business advisory services to clients.
Revenue is recognised when it is probable that the economic benefits will flow to the company and the amount can be measured reliably.
Recurring compliance services (such as accounts preparation, payroll and tax returns) are generally invoiced monthly. Fees received are initially recorded as deferred income and released to turnover in line with the stage of completion of the related services. Deferred income therefore represents amounts billed in advance for which services had not been performed at the balance sheet date.
Non-recurring or advisory services are generally invoiced on completion and recognised as turnover at that point, or by reference to the stage of completion where this can be assessed reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life;
Goodwill 10% on cost
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases;

Leasehold | 10% on cost
Plant & Machinery | 25% on written down value
Fixtures & Fittings | 20% on written down value
Computer Equipment | 33.3% on cost

2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 10
Page 11
MJH Accountants Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. 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 statement of comprehensive income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | 6,282 |  | 7,296
Depreciation of tangible fixed assets | 9,462 |  | 13,229
Amortisation of intangible fixed assets | 35 |  | 35

4. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 260,037 |  | 348,599
Social security costs | 20,165 |  | 28,607
Other pension costs | 9,532 |  | 12,397
| 289,734 |  | 389,603

5. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 12)
11 12
Page 11
Page 12
MJH Accountants Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Tax on Profit

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Current tax
UK Corporation Tax | 88,461 |  | 46,523
Prior period adjustment | - |  | 12,129
| 88,461 |  | 58,652
Deferred Tax
Origination and reversal of timing differences | (1,840 ) |  | (2,950 )
Total tax charge for the period | 86,621 |  | 55,702

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit before tax | 333,204 |  | 167,667
Breakdown of tax charge is:
Tax on profit at 25% (UK standard rate) | 83,301 |  | 41,917
Goodwill/depreciation not allowed for tax | 131 |  | -
Expenses not deductible for tax purposes | 3,189 |  | 1,656
Prior period adjustment | - |  | 12,129
Total tax charge for the period | 86,621 |  | 55,702

7. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2025 | 57,106
As at 31 December 2025 | 57,106
Amortisation
As at 1 January 2025 | 57,055
Provided during the period | 35
As at 31 December 2025 | 57,090
Net Book Value
As at 31 December 2025 | 16
As at 1 January 2025 | 51

Page 12
Page 13
MJH Accountants Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 4,915 | 16,551 | 49,632 | 52,601 | 123,699
Additions | - | - | 433 | 2,663 | 3,096
Disposals | - | (2,419 ) | (2,458 ) | (2,696 ) | (7,573 )
As at 31 December 2025 | 4,915 | 14,132 | 47,607 | 52,568 | 119,222
Depreciation
As at 1 January 2025 | 1,804 | 12,771 | 30,217 | 47,057 | 91,849
Provided during the period | 492 | 951 | 3,924 | 4,094 | 9,461
Disposals | - | (1,815 ) | (1,577 ) | (2,696 ) | (6,088 )
As at 31 December 2025 | 2,296 | 11,907 | 32,564 | 48,455 | 95,222
Net Book Value
As at 31 December 2025 | 2,619 | 2,225 | 15,043 | 4,113 | 24,000
As at 1 January 2025 | 3,111 | 3,780 | 19,415 | 5,544 | 31,850

9. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 3,311 |  | 3,940

10. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 190,893 |  | 125,720
Prepayments and accrued income | 11,377 |  | 8,662
Other debtors | 51,155 |  | 50,000
| 253,425 |  | 184,382

11. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 9,244 |  | 18,673
Bank loans and overdrafts | 4,169 |  | 10,000
Corporation tax | 88,461 |  | 46,523
Other taxes and social security | 5,930 |  | 5,459
VAT | 36,686 |  | 30,229
Wages control account and pensions payable | 2,057 |  | 1,989
Other creditors | 19,792 |  | 20,000
Company credit card | 5,320 |  | 6,197

...CONTINUED
Page 13
Page 14
MJH Accountants Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Accruals and deferred income | 390,066 |  | 357,885
Director's loan account | 17,963 |  | 25,659
| 579,688 |  | 522,614

12. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 4,167

13. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accelerated capital allowances | 5,345 |  | 7,185

14. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

15. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 21,910 |  | 22,520
Later than one year and not later than five years | 50,700 |  | 27,540
| 72,610 |  | 50,060

16. Pension Commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,057 (2024 - £1,989) were due to the fund. They are included in Other Creditors.
17. Related Party Transactions
MJH Group Limited, MJH Corporate Solutions Limited and Chameleon Financial Planning Limited are related parties by virtue of the fact that Mr M. J. Hall is a director and shareholder of both companies and MJH Properties is a related party by virtue of the fact that Mr M. J. Hall is the proprietor of that business.
MJH Group Limited
MJH Group Limited provides management services to MJH Accountants Limited.
Fees payable for such services amounted to £96,000 (2024 - £96,000) for the period.
No balance was outstanding at the 31st December 2025 (2024 - £4,800).
MJH Accountants Limited has borrowed funds from MJH Group Limited.
No interest is charged on the loan.
The balance outstanding at 31st December 2025 was £20,000 (2024 - £20,000)
MJH Corporate Solutions Limited
MJH Accountants Limited has lent funds to MJH Corporate Solutions Limited.
No interest is charged on the loan.
The balance outstanding at 31st December 2025 was £50,000 (2024 - £50,000)
...CONTINUED
Page 14
Page 15
MJH Accountants Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
17. Related Party Transactions - continued
Chameleon Financial Planning Limited
MJH Accountants Limited has previously provided accountancy and related services to Chameleon Financial Planning Limited.
Fees payable for such services amounted to £0 (2024 - £3,700) for the period.
No balance was outstanding at 31st December 2025 (2024 - £0)
MJH Accountants Limited has also previously lent funds to Chameleon Financial Planning Limited.
Interest was charged at 8% and the charge for the period was £1,000
No balance was outstanding at 31st December 2025 (2024 - £0)
Mr M. J. Hall resigned as a director from the company on 1st July 2024.
MJH Properties
MJH Accountants Limited rented office space from MJH Properties.
Rent payable for the period to 30th September 2024 prior to the sale of the property to MJH Group Limited amounted to £0 (2024 - £22,650).
No balance was outstanding at 31st December 2025 (2024 - £0)
18. Ultimate Controlling Party
The company's ultimate controlling party is Mark James Hall by virtue of his ownership of 100% of the issued share capital in the company.
Page 15