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REGISTERED NUMBER: 03502379 (England and Wales)













Unaudited Financial Statements for the Year Ended 30 April 2022

for

AJS Profiles Limited

AJS Profiles Limited (Registered number: 03502379)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AJS Profiles Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: A J Shanian
N Webb
J J Gould
S N Harris





REGISTERED OFFICE: Unit 12A, Parkrose Industrial Estate
Middlemore Road
Smethwick
West Midlands
B66 2DZ





REGISTERED NUMBER: 03502379 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AJS Profiles Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AJS Profiles Limited for the year ended 30 April 2022 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AJS Profiles Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AJS Profiles Limited and state those matters that we have agreed to state to the Board of Directors of AJS Profiles Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJS Profiles Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AJS Profiles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AJS Profiles Limited. You consider that AJS Profiles Limited 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 AJS Profiles Limited. 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.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


23 August 2022

AJS Profiles Limited (Registered number: 03502379)

Balance Sheet
30 April 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 190,411 136,809

CURRENT ASSETS
Stocks 1,673,811 1,422,397
Debtors 5 2,378,753 1,638,168
Cash at bank and in hand 220,688 446,222
4,273,252 3,506,787
CREDITORS
Amounts falling due within one year 6 (1,997,359 ) (1,053,551 )
NET CURRENT ASSETS 2,275,893 2,453,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,466,304

2,590,045

CREDITORS
Amounts falling due after more than
one year

7

(319,246

)

(447,672

)
NET ASSETS 2,147,058 2,142,373

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve 25 25
Retained earnings 2,146,958 2,142,273
2,147,058 2,142,373

AJS Profiles Limited (Registered number: 03502379)

Balance Sheet - continued
30 April 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:




A J Shanian - Director N Webb - Director




J J Gould - Director S N Harris - Director


AJS Profiles Limited (Registered number: 03502379)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

AJS Profiles 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 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% Straight line
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

AJS Profiles Limited (Registered number: 03502379)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 34 (2021 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2021 137,288 13,872 - 151,160
Additions 64,465 - 22,995 87,460
At 30 April 2022 201,753 13,872 22,995 238,620
DEPRECIATION
At 1 May 2021 12,427 1,924 - 14,351
Charge for year 27,318 4,624 1,916 33,858
At 30 April 2022 39,745 6,548 1,916 48,209
NET BOOK VALUE
At 30 April 2022 162,008 7,324 21,079 190,411
At 30 April 2021 124,861 11,948 - 136,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,754,559 864,459
Amounts owed by associates 63,501 63,501
Other debtors 560,693 710,208
2,378,753 1,638,168

AJS Profiles Limited (Registered number: 03502379)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 118,815 52,328
Trade creditors 1,731,990 875,464
Taxation and social security 16,805 97,851
Other creditors 129,749 27,908
1,997,359 1,053,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 319,246 447,672

8. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the current and previous year.

The ultimate parent undertaking is AJS Profiles Holdings Limited, a company registered in England and Wales.