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REGISTERED NUMBER: 04583566 (England and Wales)















A J A CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






A J A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J A CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Ashley



SECRETARY: H Fletcher



REGISTERED OFFICE: Wayside House
Watling Street
Burbage
Leicestershire
LE10 3JA



REGISTERED NUMBER: 04583566 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: Lloyds TSB
73 Parade
Leamington Spa
Warwickshire
CV32 4BB

A J A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,530 3,221
Investment property 5 180,000 180,000
182,530 183,221

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 216,894 202,513
Prepayments and accrued income 139,642 1,138
Cash at bank 13,171 186,202
371,707 391,853
CREDITORS
Amounts falling due within one year 7 16,816 22,438
NET CURRENT ASSETS 354,891 369,415
TOTAL ASSETS LESS CURRENT LIABILITIES 537,421 552,636

PROVISIONS FOR LIABILITIES (10,496 ) (10,668 )

ACCRUALS AND DEFERRED INCOME (1,800 ) (1,800 )
NET ASSETS 525,125 540,168

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 524,125 539,168
SHAREHOLDERS' FUNDS 525,125 540,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





A Ashley - Director


A J A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)

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

1. STATUTORY INFORMATION

A J A Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006.The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.Stage of completion is measured by reference to a monthly completion review and claim.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Rent receivable

Rental income is recognised when the company obtains the rights to consideration under the rental agreement.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.


A J A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 28,802
DEPRECIATION
At 1 January 2023 25,581
Charge for year 691
At 31 December 2023 26,272
NET BOOK VALUE
At 31 December 2023 2,530
At 31 December 2022 3,221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 180,000
NET BOOK VALUE
At 31 December 2023 180,000
At 31 December 2022 180,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 19,452
Valuation in 2019 5,000
Valuation in 2020 10,000
Valuation in 2021 5,000
Cost 140,548
180,000

A J A CONTRACTS LIMITED (REGISTERED NUMBER: 04583566)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 140,548 140,548

Investment property was valued on an open market basis on 31 December 2021 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,321 41,357
Other debtors 169,500 160,000
Directors' loan accounts 34,073 -
VAT - 1,156
216,894 202,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 201 13,927
Tax 12,479 5,676
VAT 3,496 -
Other creditors 640 640
Directors' current accounts - 2,195
16,816 22,438

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 1,000 1,000