MJH Accountants Limited

	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

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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:

Regulatory Changes: Changes in tax laws or financial regulations could impact our advisory services. We mitigate this by staying updated and adjusting services accordingly.
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.
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

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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.

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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

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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

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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.

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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

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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.

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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

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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.

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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)

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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

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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

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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

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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.

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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