MJK EDITING LTD


Director	Mark John Knowles


Registered Address	42 High Street Wanstead
	London
	E11 2RJ


Registered Number	13178365 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		2,460		4,920
Tangible assets	4		988		1,233
			3,448		6,153
Current assets
Debtors	5	3,178		375
Cash at bank and on hand		53,042		67,059
		56,220		67,434
Creditors amounts falling due within one year	6	(54,059)		(28,621)
Net current assets (liabilities)			2,161		38,813
Total assets less current liabilities			5,609		44,966
Creditors amounts falling due after one year	7		(5,000)		-
Provisions for liabilities	8		(188)		(234)
Net assets			421		44,732
Capital and reserves
Called up share capital			300		300
Profit and loss account			121		44,432
Shareholders' funds			421		44,732

The company was entitled to exemption from audit for this reporting period 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 their 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 May 2026, and are signed on its behalf by:

Mark John Knowles
Director
Registered Company No. 13178365

MJK EDITING LTD

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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 sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	The acquisition goodwill has been recognised at cost less any impairment losses and being amortised over its useful life of 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Office Equipment	3

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 25	12,300	12,300
At 31 March 26	12,300	12,300
Amortisation and impairment
At 01 April 25	7,380	7,380
Charge for year	2,460	2,460
At 31 March 26	9,840	9,840
Net book value
At 31 March 26	2,460	2,460
At 31 March 25	4,920	4,920

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 25	2,177	578	2,755
Additions	-	625	625
At 31 March 26	2,177	1,203	3,380
Depreciation and impairment
At 01 April 25	1,177	345	1,522
Charge for year	545	325	870
At 31 March 26	1,722	670	2,392
Net book value
At 31 March 26	455	533	988
At 31 March 25	1,000	233	1,233

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	2,760	-
Prepayments and accrued income	418	375
Total	3,178	375


	Short term debtors are measured at transaction price (which is usually the invoice 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.

Short term debtors are measured at transaction price (which is usually the invoice 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.

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Amounts owed to related parties	32,905	10,463
Taxation and social security	21,154	18,158
Total	54,059	28,621


	Short term creditors are measured at transaction price (which is usually the invoice 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.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Amounts owed to related parties	5,000	-
Total	5,000	-

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	188	234
Total	188	234