AJ ENGINEERING SERVICES LIMITED

Company Registration Number:
05157754 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

AJ ENGINEERING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AJ ENGINEERING SERVICES LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company continued to be that of fabrication, welding and special vehicle preparation.

Political and charitable donations

The company made no political contributions or donations to UK Charities during the current financial year or prior financial year.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Donnacha Hurley
Martin Kerrigan
Jason Wingfield


Secretary Donnacha Hurley

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 November 2023

And signed on behalf of the board by:
Name: Donnacha Hurley
Status: Secretary

AJ ENGINEERING SERVICES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 3,445,598 3,470,935
Cost of sales: ( 2,393,504 ) ( 2,136,993 )
Gross profit(or loss): 1,052,094 1,333,942
Administrative expenses: ( 891,514 ) ( 929,777 )
Operating profit(or loss): 160,580 404,165
Profit(or loss) before tax: 160,580 404,165
Tax: ( 29,962 ) ( 76,341 )
Profit(or loss) for the financial year: 130,618 327,824

AJ ENGINEERING SERVICES LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,772 3,061
Investments:   0 0
Total fixed assets: 4,772 3,061
Current assets
Stocks: 4 484,315 278,204
Debtors: 5 2,037,711 961,327
Cash at bank and in hand: 1,319,675 1,270,441
Total current assets: 3,841,701 2,509,972
Creditors: amounts falling due within one year: 6 ( 1,676,259 ) ( 473,437 )
Net current assets (liabilities): 2,165,442 2,036,535
Total assets less current liabilities: 2,170,214 2,039,596
Provision for liabilities: ( 1,612 ) ( 1,612 )
Total net assets (liabilities): 2,168,602 2,037,984
Capital and reserves
Called up share capital: 204 204
Share premium account: 91,892 91,892
Other reserves: 4 4
Profit and loss account: 2,076,502 1,945,884
Total Shareholders' funds: 2,168,602 2,037,984

The notes form part of these financial statements

AJ ENGINEERING SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 November 2023
and signed on behalf of the board by:

Name: Donnacha Hurley
Status: Director

The notes form part of these financial statements

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other salesrelated taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue is recognised in the financial year in which the services are rendered and the amount of revenue can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Plant and machinery - 25% reducing balance / 20% straight line.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell.Cost comprises direct materials and, where applicable, direct labour costs that have been incurred in bringing the stocks to their present location and condition.At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit orloss.

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 22 22

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 284,707 284,707
Additions 6,636 6,636
Disposals
Revaluations
Transfers
At 31 December 2022 291,343 291,343
Depreciation
At 1 January 2022 281,646 281,646
Charge for year 4,925 4,925
On disposals
Other adjustments
At 31 December 2022 286,571 286,571
Net book value
At 31 December 2022 4,772 4,772
At 31 December 2021 3,061 3,061

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 484,315 278,204
Total 484,315 278,204

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 1,898,084 819,749
Prepayments and accrued income 49,568 51,519
Other debtors 90,059 90,059
Total 2,037,711 961,327

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 1,300,460 94,414
Taxation and social security 218,966 219,462
Accruals and deferred income 132,833 135,561
Other creditors 24,000 24,000
Total 1,676,259 473,437

AJ ENGINEERING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Financial Commitments

LesseeAt the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:<1 yr = 99,637>1<5 = 236,639TOTAL 336,276