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REGISTERED NUMBER: SC321847 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

A.J.M Contractors Limited

A.J.M Contractors Limited (Registered number: SC321847)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.J.M Contractors Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A Manson





SECRETARY: Mrs I Manson





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC321847 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

A.J.M Contractors Limited (Registered number: SC321847)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,970 208,873

CURRENT ASSETS
Stocks 46,000 97,000
Debtors 5 765,123 1,210,886
Cash at bank 781,173 615,252
1,592,296 1,923,138
CREDITORS
Amounts falling due within one year 6 316,099 676,980
NET CURRENT ASSETS 1,276,197 1,246,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,437,167

1,455,031

CREDITORS
Amounts falling due after more than one
year

7

(39,367

)

(63,115

)

PROVISIONS FOR LIABILITIES (22,536 ) (25,656 )
NET ASSETS 1,375,264 1,366,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,375,164 1,366,160
SHAREHOLDERS' FUNDS 1,375,264 1,366,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A.J.M Contractors Limited (Registered number: SC321847)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





A Manson - Director


A.J.M Contractors Limited (Registered number: SC321847)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

A.J.M Contractors Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A.J.M Contractors Limited (Registered number: SC321847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
The company undertakes work deemed to be long term in nature. Turnover on long term contracts is determined on the basis of certified valuations representing measured work on contracts.
Operating profit includes attributable profit on long term contracts complete and amounts recoverable on contracts incomplete - the latter being included under debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022 76,527 18,935 275,916
Additions - 2,600 21,291
At 30 June 2023 76,527 21,535 297,207
DEPRECIATION
At 1 July 2022 6,122 15,500 151,193
Charge for year 1,531 4,085 63,284
At 30 June 2023 7,653 19,585 214,477
NET BOOK VALUE
At 30 June 2023 68,874 1,950 82,730
At 30 June 2022 70,405 3,435 124,723

A.J.M Contractors Limited (Registered number: SC321847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 3,772 28,116 403,266
Additions - 3,480 27,371
At 30 June 2023 3,772 31,596 430,637
DEPRECIATION
At 1 July 2022 2,226 19,352 194,393
Charge for year 771 5,603 75,274
At 30 June 2023 2,997 24,955 269,667
NET BOOK VALUE
At 30 June 2023 775 6,641 160,970
At 30 June 2022 1,546 8,764 208,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2022
and 30 June 2023 108,606
DEPRECIATION
At 1 July 2022 71,877
Charge for year 27,290
At 30 June 2023 99,167
NET BOOK VALUE
At 30 June 2023 9,439
At 30 June 2022 36,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 25,326 224,139
Amounts recoverable on contract 387,902 556,333
Other debtors 351,895 430,414
765,123 1,210,886

A.J.M Contractors Limited (Registered number: SC321847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 1,261
Hire purchase contracts 14,161 16,466
Trade creditors 55,805 291,757
Taxation and social security 146,220 203,688
Other creditors 99,913 163,808
316,099 676,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 19,305 33,115
Other creditors 20,062 30,000
39,367 63,115

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans - 1,261

Bank borrowing, in favour of the Clydesdale Bank Plc, is secured by a standard security in relation to Unit 3, Block 10, Old Mill Park, Kirkintilloch G66 1SS.

9. RELATED PARTY DISCLOSURES

During the year, dividends totalling £375,000 were paid.
At 30 June 2023 - Other debtors includes an amount of £88,527 (2022 - £67,734) due by a company owned by a related party. Other creditors includes and amount of £10,361 (2022- £49,521) due to the director.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Manson.

11. BUSINESS BOUNCE BACK LOAN

Other creditors at 30 June 2023 includes a Business Bounce Back Loan taken out in June 2020. It is repayable as follows -

Due within one year - £10,000
Due within one to two years - £10,000
Due within two to five years - £10,062