A.J.L. MIDLANDS ELECTRICAL SERVICES LTD |
Registered Number:05831940 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
A.J.L. MIDLANDS ELECTRICAL SERVICES LTD
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,840
3,513
2
2,840
3,513
500
500
3
Trade and other receivables |
87,143
83,051
4
70,801
Cash and cash equivalents |
84,390
167,941
158,444
Trade and other payables: amounts falling due within one |
year |
(64,636)
(52,718)
5
93,808
115,223
Net current assets
Total assets less current liabilities |
118,063
97,321
(540)
(668)
Provisions for liabilities |
117,523
Net assets
96,653
1
1
117,522
96,652
117,523
96,653
Shareholders' funds
For the year ended 31 July 2023 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2023
A.J.L. MIDLANDS ELECTRICAL SERVICES LTD
Notes to the Financial Statements
Statutory Information
A.J.L. MIDLANDS ELECTRICAL SERVICES LTD is a private limited company, limited by shares, domiciled in |
England and Wales, registration number 05831940. |
1034 Lode Lane
Solihull
West Midlands
B92 8LJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 July 2023
A.J.L. MIDLANDS ELECTRICAL SERVICES LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
23,155
10,930
12,225
12,225
10,930
23,155
Provision for depreciation and impairment |
19,642
9,471
10,171
Charge for year
673
365
308
20,315
9,836
10,479
1,746
1,094
2,840
2,054
1,459
3,513
2022
2023
500
500
4. Trade and other receivables |
2022
2023
59,916
65,762
Amounts owed by directors |
13,135
21,381
10,000
-
87,143
83,051
5. Trade and other payables: amounts falling due within one year |
2022
2023
12,868
35,126
Taxation and social security |
37,350
28,230
Accruals and deferred income |
2,500
1,280
52,718
64,636
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For the year ended 31 July 2023
A.J.L. MIDLANDS ELECTRICAL SERVICES LTD
Notes to the Financial Statements Continued
6. Related party transactions |
The ultimate controlling party during the year was Anthony Lambert , director , whom controls the company by virtue |
of owning 100% of the share capital. |
At the balance sheet date the director's current account was overdrawn by £13,135 which he intends to repay within |
the next year. |
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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