MJL2 INTERNATIONAL CONSULTING LIMITED - Limited company accounts 11.6

REGISTERED NUMBER: 06004658 (England and Wales)

Report of the Director and

Unaudited Financial Statements For The Year Ended 31 October 2014

for

MJL2 INTERNATIONAL CONSULTING LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M Ulrich

SECRETARY:

Gower Secretaries Limited

REGISTERED OFFICE:

Third Floor

15 Poland Street

London

W1F 8QE

REGISTERED NUMBER:

06004658 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

Third Floor

15 Poland Street

London

W1F 8QE

The director presents his report with the financial statements of the company for the year ended 31 October 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of providing consultancy services to the textile

industry.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2014.

DIRECTOR

M Ulrich held office during the whole of the period from 1 November 2013 to the date of this report.

ON BEHALF OF THE BOARD:

M Ulrich - Director

17 December 2014

TURNOVER

98,635

88,599

Cost of sales

(69,967

)

(70,297

)

GROSS PROFIT

28,668

18,302

Administrative expenses

(21,317

)

(14,579

)

7,351

3,723

Other operating income

-

2,065

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

7,351

5,788

Tax on profit on ordinary activities

3

(1,470

)

(1,158

)

PROFIT FOR THE FINANCIAL YEAR

5,881

4,630

CURRENT ASSETS

Debtors

4

31,669

24,706

Cash at bank

66,529

68,550

98,198

93,256

CREDITORS

Amounts falling due within one year

5

(81,086

)

(82,025

)

NET CURRENT ASSETS

17,112

11,231

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,112

11,231

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

7

17,110

11,229

SHAREHOLDERS' FUNDS

17,112

11,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 17 December 2014 and were signed by:

M Ulrich - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2014

2013

£

Foreign exchange differences

554

(2,065

)

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

1,470

1,158

Tax on profit on ordinary activities

1,470

1,158

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

30,775

22,656

Other debtors

694

2,000

VAT

200

50

31,669

24,706

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

35,803

37,196

Tax

1,470

1,158

Other creditors

40,813

40,671

Accrued expenses

3,000

81,086

82,025

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

2

Share capital 1

1

2

7.

RESERVES

Profit

and loss

account

£

At 1 November 2013

11,229

Profit for the year

5,881

At 31 October 2014

17,110