Registered number
06354094
A&J Granite Solutions Ltd
Report and Accounts
31 August 2023
A&J Granite Solutions Ltd
Report to the directors on the preparation of the unaudited statutory accounts of A&J Granite Solutions Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A&J Granite Solutions Ltd for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
13 February 2024
A&J Granite Solutions Ltd
Registered number: 06354094
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 109,620 146,159
Current assets
Stocks 61,668 55,574
Debtors 4 110,155 72,752
Cash at bank and in hand 489,396 538,310
661,219 666,636
Creditors: amounts falling due within one year 5 (241,739) (180,475)
Net current assets 419,480 486,161
Total assets less current liabilities 529,100 632,320
Creditors: amounts falling due after more than one year 6 (138,776) (178,364)
Net assets 390,324 453,956
Capital and reserves
Called up share capital 4 4
Profit and loss account 390,320 453,952
Shareholders' funds 390,324 453,956
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Murati
Director
Approved by the board on 13 February 2024
A&J Granite Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 237,258 23,667 260,925
At 31 August 2023 237,258 23,667 260,925
Depreciation
At 1 September 2022 94,586 20,180 114,766
Charge for the year 35,533 1,006 36,539
At 31 August 2023 130,119 21,186 151,305
Net book value
At 31 August 2023 107,139 2,481 109,620
At 31 August 2022 142,672 3,487 146,159
4 Debtors 2023 2022
£ £
Trade debtors 110,153 72,750
Other debtors 2 2
110,155 72,752
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 132,920 51,700
Corporation tax 67,027 83,436
Other taxes and social security costs 41,224 44,361
Other creditors 568 978
241,739 180,475
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 138,776 178,364
7 Other information
A&J Granite Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Mowbray Gardens
West Bridgford
Nottingham
NG2 6JN
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