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Registered number: 12114491
M&3JS Ltd
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12114491
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,850 47,150
Tangible Assets 5 130,908 130,707
175,758 177,857
CURRENT ASSETS
Stocks 6 48,760 61,830
Debtors 7 3,390 3,544
Cash at bank and in hand 228,923 204,936
281,073 270,310
Creditors: Amounts Falling Due Within One Year 8 (190,991 ) (211,144 )
NET CURRENT ASSETS (LIABILITIES) 90,082 59,166
TOTAL ASSETS LESS CURRENT LIABILITIES 265,840 237,023
Creditors: Amounts Falling Due After More Than One Year 9 (32,158 ) (39,190 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,912 ) (4,390 )
NET ASSETS 224,770 193,443
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 224,766 193,439
SHAREHOLDERS' FUNDS 224,770 193,443
Page 1
Page 2
For the year ending 31 March 2026 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs June Balcombe
Director
Mr John Balcombe
Director
14th September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M&3JS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12114491 . The registered office is Maplegrove, Kennards House, Launceston, PL15 8QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. 
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has paid for the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight Line - 2%
Fixtures & Fittings Reducing Balance - 20%
Computer Equipment Reducing Balance - 25%
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2025: 11)
13 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 115,000
As at 31 March 2026 115,000
Amortisation
As at 1 April 2025 67,850
Provided during the period 2,300
As at 31 March 2026 70,150
...CONTINUED
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Net Book Value
As at 31 March 2026 44,850
As at 1 April 2025 47,150
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 104,026 62,608 365 166,999
Additions - 11,999 - 11,999
As at 31 March 2026 104,026 74,607 365 178,998
Depreciation
As at 1 April 2025 9,884 26,142 266 36,292
Provided during the period 2,080 9,693 25 11,798
As at 31 March 2026 11,964 35,835 291 48,090
Net Book Value
As at 31 March 2026 92,062 38,772 74 130,908
As at 1 April 2025 94,142 36,466 99 130,707
6. Stocks
2026 2025
£ £
Materials 48,760 61,830
7. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 537 468
Card receivable 2,853 3,076
3,390 3,544
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 32,103 40,132
Bank loans and overdrafts 12,972 12,972
Corporation tax 26,776 32,280
Other taxes and social security 948 528
VAT 2,818 8,521
Other creditors 4,535 3,886
Credit card 3,605 1,841
Accruals and deferred income 1,336 5,599
Directors' loan accounts 105,898 105,385
190,991 211,144
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 32,170 39,190
Corporation tax (12 ) -
32,158 39,190
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 4 4
11. Directors Advances, Credits and Guarantees
Dividends paid to directors during the year totalled £50,000 (2024 £30,000). 
2026 2025
£ £
Mrs June Balcombe 26,745 25,000
Mr John Balcombe 26,475 25,000
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