Company Registration No. SC513881 (Scotland)
Aaljaz Ltd
Unaudited accounts
for the year ended 31 December 2023
Aaljaz Ltd
Unaudited accounts
Contents
Aaljaz Ltd
Company Information
for the year ended 31 December 2023
Directors
Inderpaul Singh Sandhu
Tajinder Kaur Sandhu
Company Number
SC513881 (Scotland)
Registered Office
25 Dalziel Drive
Glasgow
G41 4JA
Scotland
Accountants
Kelly Tax Services Limited
New Alderston House
3 Dove Wynd, Strathclyde Business Park
Bellshill
North Lanarkshire
ML4 3FB
Aaljaz Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
18,553
20,031
Investment property
1,131,444
739,581
Cash at bank and in hand
13,642
8,573
Creditors: amounts falling due within one year
(1,055,585)
(257,112)
Net current (liabilities)/assets
(211,093)
78,121
Total assets less current liabilities
938,904
837,733
Creditors: amounts falling due after more than one year
(400,314)
(400,000)
Provisions for liabilities
Net assets
530,990
437,733
Called up share capital
100
100
Revaluation reserve
(32,400)
-
Profit and loss account
563,290
437,633
Shareholders' funds
530,990
437,733
For the year ending 31 December 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 17 April 2024 and were signed on its behalf by
Inderpaul Singh Sandhu
Director
Company Registration No. SC513881
Aaljaz Ltd
Notes to the Accounts
for the year ended 31 December 2023
Aaljaz Ltd is a private company, limited by shares, registered in Scotland, registration number SC513881. The registered office is 25 Dalziel Drive, Glasgow, G41 4JA, Scotland.
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:
Aaljaz Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
20,400
930
21,330
At 31 December 2023
20,400
2,743
23,143
At 1 January 2023
494
805
1,299
Charge for the year
3,060
231
3,291
At 31 December 2023
3,554
1,036
4,590
At 31 December 2023
16,846
1,707
18,553
At 31 December 2022
19,906
125
20,031
Fair value at 1 January 2023
739,581
Net gain from fair value adjustments
40,000
At 31 December 2023
1,131,444
Amounts falling due within one year
Accrued income and prepayments
850
1,660
Other debtors
830,000
325,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,300
6,522
Other creditors
3,250
3,250
Loans from directors
1,029,312
246,500
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
400,314
400,000
Aaljaz Ltd
Notes to the Accounts
for the year ended 31 December 2023
9
Transactions with related parties
During the year to 31 December 2023, the directors have provided an interest free loan of £1,029,312 (2022: £246,500). There is no fixed terms of repayment.
Additionally, in the year to 31 December 2023, a director's relative has provided the company with an interest free loan of £400,314 (2022: £400,000). There is no fixed term of repayment.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).