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Company Registration No. SC513881 (Scotland)
Aaljaz Ltd Unaudited accounts for the year ended 31 December 2023
Aaljaz Ltd Unaudited accounts Contents
Page
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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
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Aaljaz Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,553 
20,031 
Investment property
1,131,444 
739,581 
1,149,997 
759,612 
Current assets
Debtors
830,850 
326,660 
Cash at bank and in hand
13,642 
8,573 
844,492 
335,233 
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
Deferred tax
(7,600)
- 
Net assets
530,990 
437,733 
Capital and reserves
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
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Aaljaz Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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% SL
Computer equipment
25% SL
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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 
Additions
- 
1,813 
1,813 
At 31 December 2023
20,400 
2,743 
23,143 
Depreciation
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 
Net book value
At 31 December 2023
16,846 
1,707 
18,553 
At 31 December 2022
19,906 
125 
20,031 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
739,581 
Additions
351,863 
Net gain from fair value adjustments
40,000 
At 31 December 2023
1,131,444 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
850 
1,660 
Other debtors
830,000 
325,000 
830,850 
326,660 
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 
Accruals
5,723 
840 
1,055,585 
257,112 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
400,314 
400,000 
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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).
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