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REGISTERED NUMBER: 05949103 (England and Wales)












AJS VENDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AJS VENDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: M A Sherratt





SECRETARY: Mrs S A Sherratt





REGISTERED OFFICE: Vending House
Clifton Road
Blackpool
Lancashire
FY4 4QA





REGISTERED NUMBER: 05949103 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 295,503 300,639
295,503 300,639

CURRENT ASSETS
Stocks 59,811 54,873
Debtors 16,232 37,272
Cash at bank and in hand 28,737 19,837
104,780 111,982
CREDITORS
Amounts falling due within one year 120,864 114,905
NET CURRENT LIABILITIES (16,084 ) (2,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,419

297,716

CREDITORS
Amounts falling due after more than
one year

6

(266,474

)

(250,315

)

PROVISIONS FOR LIABILITIES - (5,561 )
NET ASSETS 12,945 41,840

AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,944 41,839
SHAREHOLDERS' FUNDS 12,945 41,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:





M A Sherratt - Director


AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

AJS Vending Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£). Monetary values in these financial statements are rounded to the nearest £.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost

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.


AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 377,679
AMORTISATION
At 1 November 2022
and 31 October 2023 377,679
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

AJS VENDING LIMITED (REGISTERED NUMBER: 05949103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 594,418
Additions 4,575
At 31 October 2023 598,993
DEPRECIATION
At 1 November 2022 293,779
Charge for year 9,711
At 31 October 2023 303,490
NET BOOK VALUE
At 31 October 2023 295,503
At 31 October 2022 300,639

Cost or valuation at 31 October 2023 is represented by:

Totals
£   
Valuation in 2017 11,698
Cost 587,295
598,993

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Loan from director 178,572 150,812

Repayable by instalments
Bank loans more 5 yr by instal 26,430 38,031

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 103,270 114,871

The bank loans are secured by fixed and floating charges over the assets of the company.