Company Registration No. 7658159 (England and Wales)
AJL Electrical Contractors Ltd
Unaudited accounts
for the year ended 30 June 2023
AJL Electrical Contractors Ltd
Unaudited accounts
Contents
AJL Electrical Contractors Ltd
Company Information
for the year ended 30 June 2023
Directors
Mr Jack Leslie Washbourne
Mr Leslie Robert Washbourne
Company Number
7658159 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
England
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
AJL Electrical Contractors Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
20,398
27,099
Cash at bank and in hand
23,845
25,319
Creditors: amounts falling due within one year
(44,521)
(52,054)
Net current liabilities
(8,245)
(13,013)
Total assets less current liabilities
12,153
14,086
Provisions for liabilities
Deferred tax
(3,876)
(5,149)
Capital contribution reserve
100
100
Profit and loss account
8,177
8,837
Shareholders' funds
8,277
8,937
For the year ending 30 June 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by
Mr Leslie Robert Washbourne
Director
Company Registration No. 7658159
AJL Electrical Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2023
AJL Electrical Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 7658159. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Motor vehicles
25% on cost
Computer equipment
33% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
AJL Electrical Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
3,421
48,176
1,052
52,649
At 30 June 2023
3,421
48,176
1,161
52,758
At 1 July 2022
3,421
21,077
1,052
25,550
Charge for the year
-
6,774
36
6,810
At 30 June 2023
3,421
27,851
1,088
32,360
At 30 June 2023
-
20,325
73
20,398
At 30 June 2022
-
27,099
-
27,099
Amounts falling due within one year
Accrued income and prepayments
1,364
678
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
30,613
36,467
Trade creditors
2,686
3,801
Taxes and social security
10,559
11,464
Loans from directors
472
2
The company is controlled by its director and sole shareholder Mr L R Washbourne
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).