MJLS Limited - Abbreviated accounts 16.1

MJLS Limited - Abbreviated accounts 16.1

MJLS LIMITED - Company Information

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SC283118 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2831182015-03-31SC2831182016-03-31SC2831182015-04-012016-03-31SC2831182014-03-31SC2831182014-04-012015-03-31SC2831182015-03-31SC283118ns12:Scotland2015-04-012016-03-31SC283118ns14:PoundSterling2015-04-012016-03-31SC283118ns7:Director12015-04-012016-03-31SC283118ns7:Director22015-04-012016-03-31SC283118ns7:OrdinaryShareClass12015-04-012016-03-31SC283118ns7:RegisteredOffice2015-04-012016-03-31SC283118ns7:EntityAccountantsOrAuditors2015-04-012016-03-31SC283118ns5:FixturesFittings2015-04-012016-03-31SC283118ns5:ComputerEquipment2015-04-012016-03-31SC283118ns5:FixedAssetInvestmentsOtherThanLoans2016-03-31SC283118ns5:FixedAssetInvestmentsOtherThanLoans2015-03-31SC283118ns7:OrdinaryShareClass12016-03-31SC283118ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: SC283118 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

MJLS Limited

MJLS Limited (Registered number: SC283118)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 6

MJLS Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: M J Longton
Mrs H Longton





REGISTERED OFFICE: Ardmachree
Brinckman Terrace
Westhill
INVERNESS
IV2 5BL





REGISTERED NUMBER: SC283118 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB
Page 1
MJLS Limited (Registered number: SC283118)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £   
FIXED ASSETS
Tangible assets 2 1,116 1,546
Investments 3 58,862 41,190
59,978 42,736

CURRENT ASSETS
Debtors 17,628 4,629
Cash at bank 19,384 3,190
37,012 7,819
CREDITORS
Amounts falling due within one
year
(11,797
)
(2,990
)
NET CURRENT ASSETS 25,215 4,829
TOTAL ASSETS LESS CURRENT
LIABILITIES
85,193
47,565

PROVISIONS FOR LIABILITIES (223 ) (309 )
NET ASSETS 84,970 47,256

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve (5,961 ) (3,632 )
Profit and loss account 90,831 50,788
SHAREHOLDERS' FUNDS 84,970 47,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
MJLS Limited (Registered number: SC283118)

Abbreviated Balance Sheet - continued
31 March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on
24 October 2016 and were signed on its behalf by:




M J Longton - Director



Mrs H Longton - Director


The notes form part of these abbreviated accounts

Page 3
MJLS Limited (Registered number: SC283118)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost
convention as modified by the revaluation of certain assets and in
accordance with the Financial Reporting Standard for Smaller Entities
(effective January 2015).

Turnover
Turnover represents amounts receivable for services rendered during the
year, exclusive of value added tax.

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

Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Deferred tax
The payment of taxation is deferred or accelerated because of timing
differences between the treatment of certain items for accounting and
taxation purposes. Deferred tax assets are recognised only to the extent
that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Full provision for deferred
taxation is made under the liability method, without discounting, on all
timing differences that have arisen, but not reversed by the balance sheet
date, unless such provision is not permitted by accounting standards.

In accordance with such standards deferred tax is not provided for:

a) revaluation gains on land and buildings, unless there is a binding
agreement to sell them at the balance sheet date; and
b) gains on the sale of non-monetary assets, if the taxable gain will
probably be rolled over.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 5,617
DEPRECIATION
At 1 April 2015 4,071
Charge for year 430
At 31 March 2016 4,501
NET BOOK VALUE
At 31 March 2016 1,116
At 31 March 2015 1,546

Page 4 continued...
MJLS Limited (Registered number: SC283118)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST OR VALUATION
At 1 April 2015 41,190
Additions 20,000
Revaluations (2,328 )
At 31 March 2016 58,862
NET BOOK VALUE
At 31 March 2016 58,862
At 31 March 2015 41,190

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

Page 5
MJLS Limited

Report of the Accountants to the Directors of
MJLS Limited

The following reproduces the text of the report prepared for the directors in
respect of the company's annual unaudited financial statements, from which the
unaudited abbreviated accounts (set out on pages two to five) have been
prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body,
in accordance with the terms of our engagement. Our work has been undertaken
solely to prepare for your approval the financial statements of the company and
state those matters that we have agreed to state to the Board of Directors of
the company, as a body, in this report in accordance with the requirements of
the Institute of Financial Accountants. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and
its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records
and to prepare statutory accounts that give a true and fair view of the assets,
liabilities and financial position of the company. You consider that the company
is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial
statements of the company. For this reason, we have not verified the accuracy or
completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory
financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


26 October 2016

This page does not form part of the abbreviated accounts

Page 6