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REGISTERED NUMBER: SC690474 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AJC(SCOTLAND) LTD

AJC(SCOTLAND) LTD (REGISTERED NUMBER: SC690474)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


AJC(SCOTLAND) LTD (REGISTERED NUMBER: SC690474)

ABRIDGED BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,267 44,776

CURRENT ASSETS
Cash at bank and in hand 58,765 20,973

CREDITORS
Amounts falling due within one year 51,750 5,082
NET CURRENT ASSETS 7,015 15,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,282

60,667

CREDITORS
Amounts falling due after more than one
year

26,665

30,676
NET ASSETS 29,617 29,991

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,517 29,891
29,617 29,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 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.

AJC(SCOTLAND) LTD (REGISTERED NUMBER: SC690474)

ABRIDGED BALANCE SHEET - continued
31 March 2023



The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





B Hamilton - Director


AJC(SCOTLAND) LTD (REGISTERED NUMBER: SC690474)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ajc(Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC690474

Registered office: 245 Torogay Street
Glasgow
G22 7DT

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2022 - NIL).

AJC(SCOTLAND) LTD (REGISTERED NUMBER: SC690474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 50,690
Additions 15,296
At 31 March 2023 65,986
DEPRECIATION
At 1 April 2022 5,914
Charge for year 10,805
At 31 March 2023 16,719
NET BOOK VALUE
At 31 March 2023 49,267
At 31 March 2022 44,776

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 50,690
DEPRECIATION
At 1 April 2022 5,914
Charge for year 10,138
At 31 March 2023 16,052
NET BOOK VALUE
At 31 March 2023 34,638
At 31 March 2022 44,776