Company Registration No. 10271117 (England and Wales)
AJ PREMIER LTD
Unaudited accounts
for the year ended 31 December 2022
AJ PREMIER LTD
Unaudited accounts
Contents
AJ PREMIER LTD
Company Information
for the year ended 31 December 2022
Company Number
10271117 (England and Wales)
Registered Office
39 VERITY WAY
STEVENAGE
HERTFORDSHIRE
SG1 5PN
UNITED KINGDOM
Accountants
AJ PREMIER LTD
39 VERITY WAY
STEVENAGE
HERTFORDSHIRE
SG1 5PN
AJ PREMIER LTD
Statement of financial position
as at 31 December 2022
Tangible assets
1,002
1,177
Cash at bank and in hand
359
28,657
Creditors: amounts falling due within one year
-
(8,460)
Net current assets
10,065
20,209
Total assets less current liabilities
11,067
21,386
Creditors: amounts falling due after more than one year
(16,502)
(19,654)
Net (liabilities)/assets
(5,435)
1,732
Called up share capital
200
200
Profit and loss account
(5,635)
1,532
Shareholders' funds
(5,435)
1,732
For the year ending 31 December 2022 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 director acknowledges her 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 year 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.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
OGHENETEGA OMEZI
Director
Company Registration No. 10271117
AJ PREMIER LTD
Notes to the Accounts
for the year ended 31 December 2022
AJ PREMIER LTD is a private company, limited by shares, registered in England and Wales, registration number 10271117. The registered office is 39 VERITY WAY, STEVENAGE, HERTFORDSHIRE, SG1 5PN, UNITED KINGDOM.
2
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 year, 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 Company transitioned to FRS 102 Section 1A Small entities on 1 January 2018 and there was no impact to the net assets at the date of transition or at 31 December 2019 or to the profit for the year ended 31 December 2019.
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:
Other tangible fixed assets
20%
Short term debtors are measured at transaction prices, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
AJ PREMIER LTD
Notes to the Accounts
for the year ended 31 December 2022
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 3 (2021: 3).