Company Registration No. 12016111 (England and Wales)
AJT INVEST LTD
Unaudited accounts
for the year ended 31 May 2023
AJT INVEST LTD
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AJT INVEST LTD for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AJT INVEST LTD for the year ended
31 May 2023 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd
Chartered Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
13 April 2024
AJT INVEST LTD
Statement of financial position
as at 31 May 2023
Investment property
70,000
-
Cash at bank and in hand
612
1,656
Creditors: amounts falling due within one year
(95,671)
(14,161)
Net current (liabilities)/assets
(44,668)
37,595
Total assets less current liabilities
25,332
37,595
Creditors: amounts falling due after more than one year
(34,259)
(39,815)
Net liabilities
(8,927)
(2,220)
Called up share capital
150
150
Profit and loss account
(9,077)
(2,370)
Shareholders' funds
(8,927)
(2,220)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 13 April 2024 and were signed on its behalf by
Ashley Brian Bennett
Director
Company Registration No. 12016111
AJT INVEST LTD
Notes to the Accounts
for the year ended 31 May 2023
AJT INVEST LTD is a private company, limited by shares, registered in England and Wales, registration number 12016111. The registered office is 190 CHURCH ROAD, HOVE, BN3 2DJ, 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.
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investment property is valued at the balance sheet date by the Director using publicly available market data.
Amounts falling due within one year
Accrued income and prepayments
291
-
Other debtors
50,100
50,100
AJT INVEST LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,556
5,556
Other creditors
87,314
7,550
Loans from directors
2,376
795
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).