Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activityfalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11213104 2022-03-01 2023-02-28 11213104 2021-03-01 2022-02-28 11213104 2023-02-28 11213104 2022-02-28 11213104 c:Director1 2022-03-01 2023-02-28 11213104 c:Director2 2022-03-01 2023-02-28 11213104 d:CurrentFinancialInstruments 2023-02-28 11213104 d:CurrentFinancialInstruments 2022-02-28 11213104 d:Non-currentFinancialInstruments 2023-02-28 11213104 d:Non-currentFinancialInstruments 2022-02-28 11213104 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11213104 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11213104 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11213104 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11213104 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11213104 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 11213104 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 11213104 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-02-28 11213104 d:ShareCapital 2023-02-28 11213104 d:ShareCapital 2022-02-28 11213104 d:RetainedEarningsAccumulatedLosses 2023-02-28 11213104 d:RetainedEarningsAccumulatedLosses 2022-02-28 11213104 c:FRS102 2022-03-01 2023-02-28 11213104 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11213104 c:FullAccounts 2022-03-01 2023-02-28 11213104 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11213104









AJALA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
AJALA LTD
REGISTERED NUMBER: 11213104

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
100

Cash at bank and in hand
 5 
5
3,516

  
105
3,616

Creditors: amounts falling due within one year
 6 
(41,816)
(36,764)

Net current liabilities
  
 
 
(41,711)
 
 
(33,148)

Total assets less current liabilities
  
(41,711)
(33,148)

Creditors: amounts falling due after more than one year
 7 
(36,337)
(41,626)

  

Net liabilities
  
(78,048)
(74,774)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(78,148)
(74,874)

  
(78,048)
(74,774)


Page 1

 
AJALA LTD
REGISTERED NUMBER: 11213104
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
G H Sherman
................................................
M R Silver
Director
Director


Date: 13 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AJALA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Ajala Ltd is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered number is 11213104.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Debtors

Short-term debtors are measured at transaction price, 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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 
AJALA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Debtors

2023
2022
£
£


Other debtors
100
100

100
100



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5
3,516

5
3,516



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,231
5,043

Other creditors
33,120
25,421

Accruals and deferred income
3,465
6,300

41,816
36,764


Page 4

 
AJALA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
36,337
41,626

36,337
41,626



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,231
5,043


5,231
5,043


Amounts falling due 2-5 years

Bank loans
22,276
20,172


22,276
20,172

Amounts falling due after more than 5 years

Bank loans
14,061
21,454

14,061
21,454

41,568
46,669


 
Page 5