M J Clothing Limited - Limited company accounts 18.1d

REGISTERED NUMBER: 08208090 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 September 2017

for

M J Clothing Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs L Jekabson

SECRETARY:

M Jekabsonas

REGISTERED OFFICE:

235 Manchester Road

Bolton

BL3 1QP

REGISTERED NUMBER:

08208090 (England and Wales)

ACCOUNTANTS:

HMRS Accountancy Services

2 Ashawe Close

Little Hulton

Manchester

M38 0ED

The director presents her report with the financial statements of the company for the year ended 30 September 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Cash for clothes shop

DIRECTOR

Mrs L Jekabson held office during the whole of the period from 1 October 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Mrs L Jekabson - Director

29 June 2018

TURNOVER

42,738

36,999

Cost of sales

22,890

16,159

GROSS PROFIT

19,848

20,840

Distribution costs

10,331

10,310

Administrative expenses

9,084

10,084

19,415

20,394

OPERATING PROFIT and

PROFIT BEFORE TAXATION

433

446

Tax on profit

89

PROFIT FOR THE FINANCIAL
YEAR

344

357

FIXED ASSETS

Tangible assets

6

328

410

CURRENT ASSETS

Debtors

7

1,008

357

Cash at bank

263

446

1,271

803

CREDITORS

Amounts falling due within one year

8

798

756

NET CURRENT ASSETS

473

47

TOTAL ASSETS LESS CURRENT
LIABILITIES

801

457

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

701

357

SHAREHOLDERS' FUNDS

801

457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 June 2018 and were signed by:

Mrs L Jekabson - Director

1.	STATUTORY INFORMATION

M J Clothing 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

20% 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 2 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.9.17

30.9.16

£

Depreciation - owned assets

82

-

5.	EXCEPTIONAL ITEMS

30.9.17

30.9.16

£

Exceptional items

-

(418

)

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

410

DEPRECIATION

Charge for year

82

At 30 September 2017

82

NET BOOK VALUE

At 30 September 2017

328

At 30 September 2016

410

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Trade debtors

1,008

357

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Taxation and social security

85

89

Other creditors

713

667

798

756