MJS Advisory Limited - Filleted accounts

MJS Advisory Limited
Registered number:		10468572
Statement of Financial Position
as at 8 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			707
Financial assets			27,185			27,185
			27,185			27,892

Current assets
Debtors	4	94,107			4,722
Cash at bank and in hand		-			106,125
		94,107			110,847

Creditors: amounts falling due within one year	5	(30,056)			(36,521)

Net current assets			64,051			74,326

Net assets			91,236			102,218

Capital and reserves
Called up share capital			100			100
Profit and loss account			91,136			102,118

Shareholders' funds			91,236			102,218

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 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.




Mark Sutton
Director
Approved by the board on 5 May 2026

MJS Advisory Limited
Notes to the Accounts
for the period from 1 April 2025 to 8 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company ceased trading on 8 March 2026 and the financial statements have been prepared on a basis other than the going concern basis. The basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for future costs of terminating the business unless such costs were committed at the reporting date.

	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 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			Straight line over 3 years

	Investments
	Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

	Debtors
	Short term debtors are measured at transaction 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. 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors					2026		2025
Number							Number

	Average number of directors and persons employed by the company					2		2


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2025							6,492
	Additions							2,556
	Disposals							(9,048)
	At 8 March 2026							-

	Depreciation
	At 1 April 2025							5,785
	On disposals							(5,785)
	At 8 March 2026							-

	Net book value
	At 8 March 2026							-
	At 31 March 2025							707




4	Debtors					2026		2025
£							£

	Trade debtors					-		3,960
	Prepayments					-		179
	Accrued income					-		471
	Other debtors					94,107		112
						94,107		4,722


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Accruals					2,013		1,794
	Corporation tax					22,685		26,274
	Other taxes and social security costs					5,358		7,971
	Other creditors					-		482
						30,056		36,521


6	Prior year adjustment

	The comparative figures have been restated to correct overstated depreciation. The adjustment has resulted in the net book value of fixed assets on 31 March 2025 increasing by £1,328 and the retained earnings increasing by £1,328.


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mark Sutton
	Repayable on demand	-		2,124		-		2,124

		-		2,124		-		2,124


8	Other information

	MJS Advisory Limited is a private company limited by shares and incorporated in England. Its registered office is:
	41 Greek Street
	Stockport
	Cheshire
	SK3 8AX