REGISTERED NUMBER: 04973779 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

THE MJS CORPORATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J S Saunders

Mr M D Saunders

SECRETARY:

Mrs J S Saunders

REGISTERED OFFICE:

C/O Galloways Accounting

The Mill Building

31-35 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

04973779 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

102,137

97,585

CURRENT ASSETS

Debtors

5

16,991

20,541

Cash at bank

6,978

41,561

23,969

62,102

CREDITORS

Amounts falling due within one year

6

21,239

34,264

NET CURRENT ASSETS

2,730

27,838

TOTAL ASSETS LESS CURRENT LIABILITIES

104,867

125,423

CREDITORS

Amounts falling due after more than one year

7

(5,556

)

(7,223

)

PROVISIONS FOR LIABILITIES

8

(5,035

)

(6,128

)

NET ASSETS

94,276

112,072

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

94,274

112,070

SHAREHOLDERS' FUNDS

94,276

112,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

Mrs J S Saunders - Director

Mr M D Saunders - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Musical Instruments

-

10% on reducing balance

Studio Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Musical

Studio

property

Instruments

Equipment

£

£

£

COST

At 1 April 2025

83,001

26,683

33,073

Additions

8,931

-

342

At 31 March 2026

91,932

26,683

33,415

DEPRECIATION

At 1 April 2025

12,800

8,202

29,050

Charge for year

1,736

1,849

1,087

At 31 March 2026

14,536

10,051

30,137

NET BOOK VALUE

At 31 March 2026

77,396

16,632

3,278

At 31 March 2025

70,201

18,481

4,023

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

17,661

19,657

180,075

Additions

1,011

519

10,803

At 31 March 2026

18,672

20,176

190,878

DEPRECIATION

At 1 April 2025

13,773

18,665

82,490

Charge for year

1,127

452

6,251

At 31 March 2026

14,900

19,117

88,741

NET BOOK VALUE

At 31 March 2026

3,772

1,059

102,137

At 31 March 2025

3,888

992

97,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

14,648

19,712

Other debtors

-

829

Accrued income

2,124

-

Prepayments

219

-

16,991

20,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,667

1,667

Trade creditors

265

204

Tax

12,413

20,294

Social security and other taxes

1,206

1,099

VAT

3,008

9,561

Directors' loan accounts

805

82

Accrued expenses

1,875

1,357

21,239

34,264

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

1,667

1,667

Bank loans - 2-5 years

3,889

5,000

Bank loans more 5 yrs non-inst

-

556

5,556

7,223

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

556

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Provision brought forward

6,128

7,221

Provision released in year

(1,093

)

(1,093

)

5,035

6,128

Deferred

tax

£

Balance at 1 April 2025

6,128

Provided during year

(1,093

)

Balance at 31 March 2026

5,035

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr & Mrs Saunders increased their loan to the company. As at 31 March 2026, the company owed them £805 (2025: £82). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Saunders.

This was by virtue of their 100% holding of the issued share capital.