MJDP Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC412691 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

MJDP LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Paley

Dr J Paley

REGISTERED OFFICE:

3 Coates Place

Edinburgh

EH3 7AA

REGISTERED NUMBER:

SC412691 (Scotland)

ACCOUNTANTS:

James Fraser & Co.

Chartered Accountants

3 Coates Place

Edinburgh

EH3 7AA

FIXED ASSETS

Tangible assets

4

300

599

CURRENT ASSETS

Cash at bank

214,662

162,682

CREDITORS

Amounts falling due within one year

33,540

37,519

NET CURRENT ASSETS

181,122

125,163

TOTAL ASSETS LESS CURRENT LIABILITIES

181,422

125,762

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

181,322

125,662

SHAREHOLDERS' FUNDS

181,422

125,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 September 2019 and were signed on its behalf by:

Mr M Paley - Director

1.	STATUTORY INFORMATION

MJDP Ltd is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% straight line

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

1,199

DEPRECIATION

At 1 January 2018

600

Charge for year

299

At 31 December 2018

899

NET BOOK VALUE

At 31 December 2018

300

At 31 December 2017

599

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

2018

2017

£

£

Mr M Paley

Balance outstanding at start of year

(3,280

)

(1,653

)

Amounts repaid

(1,699

)

(1,627

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,979

)

(3,280

)