MBJ London Limited
Unaudited accounts
Contents
MBJ London Limited
Company Information
for the period from 1 April 2017 to 30 September 2017
Directors
J Baladurage
T Horn
Company Number
07867169 (England and Wales)
Registered Office
MBJ LONDON 40 BLOOMSBURY WAY
LOWER GROUND FLOOR
LONDON
WC1A 2SE
ENGLAND
Accountants
TFA Accountants Limited
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ
MBJ London Limited
Statement of financial position
as at
30 September 2017
Tangible assets
912
11,496
Investments
21,600
21,600
Cash at bank and in hand
991
990
Creditors: amounts falling due within one year
(227,319)
(121,214)
Net current liabilities
(108,507)
(1,545)
Total assets less current liabilities
(85,995)
31,551
Provisions for liabilities
Deferred tax
(173)
(2,300)
Net (liabilities)/assets
(86,168)
29,251
Called up share capital
113,238
113,238
Share premium
652,582
652,582
Profit and loss account
(851,988)
(736,569)
Shareholders' funds
(86,168)
29,251
For the period ending 30 September 2017 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 August 2018.
T Horn
Director
Company Registration No. 07867169
MBJ London Limited
Notes to the Accounts
for the period from 1 April 2017 to 30 September 2017
MBJ London Limited is a private company, limited by shares, registered in England and Wales, registration number 07867169. The registered office is MBJ LONDON 40 BLOOMSBURY WAY, LOWER GROUND FLOOR, LONDON, WC1A 2SE, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Investments in shares are included at fair value.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MBJ London Limited
Notes to the Accounts
for the period from 1 April 2017 to 30 September 2017
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net current liabilities of £85995 and net liabilities of £86168. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
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Tangible fixed assets
Total
At 30 September 2017
2,737
Charge for the period
456
At 30 September 2017
1,825
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Deferred taxation
30/09/2017
31/03/2017
Accelerated capital allowances
173
2,300
Provision at start of period
2,300
2,300
Credited to the profit and loss account
(2,127)
-
Provision at end of period
173
2,300
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Transactions with related parties
MBJ Berlin GmbH
Subsidiary
During the period, the company paid subcontracted administrative and research and development costs totalling £76254 (Mar 2017: £175377) to MBJ Berlin GmbH. £31762 was outstanding at the end of the period (Mar 2017: £nil).
The directors each made an interest free loan to the company of £42380 (Mar 2017: £33138 per director).
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Average number of employees
During the period the average number of employees was 10 (31/03/2017: 14).