REGISTERED NUMBER: 12238846 (England and Wales)

MJS PROPERTY IMPROVEMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Smith

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200-204 High Street South

Dunstable

Bedfordshire

LU62RQ

REGISTERED NUMBER:

12238846 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

962

1,095

CURRENT ASSETS

Stocks

3,429

2,736

Debtors

5

6,594

7,641

Cash at bank and in hand

11,657

13,281

21,680

23,658

CREDITORS

Amounts falling due within one year

6

20,560

16,074

NET CURRENT ASSETS

1,120

7,584

TOTAL ASSETS LESS CURRENT LIABILITIES

2,082

8,679

CREDITORS

Amounts falling due after more than one year

7

-

3,896

NET ASSETS

2,082

4,783

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,982

4,683

2,082

4,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 April 2026 and were signed by:

M Smith - Director

1.	STATUTORY INFORMATION

MJS Property Improvements Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

6,051

3,000

986

10,037

Additions

354

-

-

354

At 31 October 2025

6,405

3,000

986

10,391

DEPRECIATION

At 1 November 2024

5,668

2,288

986

8,942

Charge for year

309

178

-

487

At 31 October 2025

5,977

2,466

986

9,429

NET BOOK VALUE

At 31 October 2025

428

534

-

962

At 31 October 2024

383

712

-

1,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Directors' current accounts

6,492

7,502

Deferred tax asset

Accelerated capital allowances

102

139

6,594

7,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

3,896

4,250

Trade creditors

5,317

2,464

Corporation tax

6,497

4,542

Social security and other taxes

69

69

CIS deductions

188

452

VAT

3,154

2,942

Accrued expenses

1,439

1,355

20,560

16,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans - 1-2 years

-

3,542

Bank loans - 2-5 years

-

354

-

3,896

8.	DEFERRED TAX

£

Balance at 1 November 2024

(139

)

Charge to Income Statement during year

37

Balance at 31 October 2025

(102

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

M Smith

Balance outstanding at start of year

7,502

21,883

Amounts repaid

(1,010

)

(14,381

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,492

7,502