Company Registration No. 8168724 (England and Wales)
MJ Collections Ltd
Unaudited accounts
for the year ended 31 August 2025
MJ Collections Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
50,777
42,502
Cash at bank and in hand
4,139
12,591
Creditors: amounts falling due within one year
(29,270)
(13,655)
Net current liabilities
(25,131)
(1,064)
Total assets less current liabilities
25,646
41,438
Creditors: amounts falling due after more than one year
(21,620)
(27,666)
Called up share capital
1
1
Profit and loss account
4,025
13,771
Shareholders' funds
4,026
13,772
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2026 and were signed on its behalf by
Scott Jones
Director
Company Registration No. 8168724
MJ Collections Ltd
Notes to the Accounts
for the year ended 31 August 2025
MJ Collections Ltd is a private company, limited by shares, registered in England and Wales, registration number 8168724. The registered office is 38 Elizabeth Road, Seaton, Devon, EX12 2DR, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
57,622
4,466
62,088
Additions
27,694
2,722
30,416
At 31 August 2025
85,316
7,188
92,504
At 1 September 2024
15,643
3,943
19,586
Charge for the year
21,330
811
22,141
At 31 August 2025
36,973
4,754
41,727
At 31 August 2025
48,343
2,434
50,777
At 31 August 2024
41,979
523
42,502
MJ Collections Ltd
Notes to the Accounts
for the year ended 31 August 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,670
1,570
Obligations under finance leases and hire purchase contracts
18,939
10,983
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
24,948
23,738
Loans from directors
(3,328)
3,928
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(3,928)
19,482
12,226
3,328
(3,928)
19,482
12,226
3,328
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).