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MJT Controls Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

MJT Controls Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

MJT Controls Limited

Company Information

Directors | M J Taylor J A Taylor D O'Donovan

Registered Office | Unit 10, Novers Hill Trading Estate Novers Hill Bedminster Bristol BS3 5QY

Registered Number | 02062566

Accountants | Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

MJT Controls Limited

(Registration number: 02062566)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 8,250 | 9,250
Tangible assets | 5 | 47,464 | 50,545
|  | 55,714 | 59,795
Current assets |  |  |
Stocks |  | 286,022 | 316,122
Debtors | 6 | 448,323 | 391,613
Cash at bank and in hand |  | 120,390 | 116,679
|  | 854,735 | 824,414
Creditors: Amounts falling due within one year | 7 | (493,092) | (431,448)
Net current assets |  | 361,643 | 392,966
Total assets less current liabilities |  | 417,357 | 452,761
Provisions for liabilities |  | (8,242) | (10,727)
Net assets |  | 409,115 | 442,034
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 409,015 | 441,934
Shareholders' funds |  | 409,115 | 442,034

MJT Controls Limited

(Registration number: 02062566)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 August 2026 and signed on its behalf by:

......................................... M J Taylor Director

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10, Novers Hill Trading Estate
Novers Hill
Bedminster
Bristol
BS3 5QY

These financial statements were authorised for issue by the Board on 3 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class | Depreciation method and rate
Long leasehold | - 10% on reducing balance and 5% on reducing balance
Fixtures and fittings | - 25% on reducing balance
Motor vehicles | - 25% on reducing balance
Computer equipment | - 33% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.
The cost of finished goods and work in progress comprises all costs of purchase, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 14).

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Computer software £ | Total £
Cost or valuation
At 1 January 2025 | 10,000 | 10,000
At 31 December 2025 | 10,000 | 10,000
Amortisation
At 1 January 2025 | 750 | 750
Amortisation charge | 1,000 | 1,000
At 31 December 2025 | 1,750 | 1,750
Carrying amount
At 31 December 2025 | 8,250 | 8,250
At 31 December 2024 | 9,250 | 9,250

5 | Tangible assets

| Long leasehold £ | Fixtures and fittings £ | Motor vehicles £ | Computer equipment £ | Total £
Cost or valuation
At 1 January 2025 | 38,860 | 34,781 | 61,217 | 72,716 | 207,574
Additions | - | 458 | - | 9,457 | 9,915
At 31 December 2025 | 38,860 | 35,239 | 61,217 | 82,173 | 217,489
Depreciation
At 1 January 2025 | 27,701 | 25,334 | 42,952 | 61,042 | 157,029
Charge for the year | 583 | 2,466 | 4,566 | 5,381 | 12,996
At 31 December 2025 | 28,284 | 27,800 | 47,518 | 66,423 | 170,025
Carrying amount
At 31 December 2025 | 10,576 | 7,439 | 13,699 | 15,750 | 47,464
At 31 December 2024 | 11,159 | 9,447 | 18,265 | 11,674 | 50,545

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 410,369 | 353,537
Prepayments and accrued income | 35,511 | 35,420
Other debtors | 2,443 | 2,656
| 448,323 | 391,613

7 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 375,823 | 341,427
Amounts owed to related parties | 9 | 17,000 | 1,372
Taxation and social security |  | 64,408 | 53,467
Accruals |  | 20,620 | 17,357
Other creditors |  | 15,241 | 17,825
|  | 493,092 | 431,448

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

Pension commitments
Included in the balance sheet are pensions of £1,383 (2024 - £Nil). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
Off balance sheet commitments
At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £138,841 (2024 - £198,064).

MJT Controls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9 | Related party transactions

Loans from related parties

2025 | Key management £ | Total £
At start of period | 1,372 | 1,372
Advanced | 55,711 | 55,711
Repaid | (40,083) | (40,083)
At end of period | 17,000 | 17,000

2024 | Key management £ | Total £
At start of period | 154 | 154
Advanced | 96,281 | 96,281
Repaid | (95,063) | (95,063)
At end of period | 1,372 | 1,372

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.