BrightAccountsProduction v1.0.0 v1.0.0 2022-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was that of a convenience store. 16 January 2024 13 13 NI669527 2023-09-30 NI669527 2022-09-30 NI669527 2021-09-30 NI669527 2022-10-01 2023-09-30 NI669527 2021-10-01 2022-09-30 NI669527 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 NI669527 uk-curr:PoundSterling 2022-10-01 2023-09-30 NI669527 uk-bus:AbridgedAccounts 2022-10-01 2023-09-30 NI669527 uk-core:ShareCapital 2023-09-30 NI669527 uk-core:ShareCapital 2022-09-30 NI669527 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI669527 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 NI669527 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI669527 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-09-30 NI669527 uk-bus:FRS102 2022-10-01 2023-09-30 NI669527 uk-core:LandBuildings 2022-10-01 2023-09-30 NI669527 uk-core:PlantMachinery 2022-10-01 2023-09-30 NI669527 2022-10-01 2023-09-30 NI669527 uk-bus:Director1 2022-10-01 2023-09-30 NI669527 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI669527
 
 
AJS Shops Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2023
AJS Shops Ltd
Company Registration Number: NI669527
ABRIDGED BALANCE SHEET
as at 30 September 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 6 159,548 179,826
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Current Assets
Stocks 71,025 70,490
Debtors 26,218 25,000
Cash and cash equivalents 24,036 12,638
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121,279 108,128
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Creditors: amounts falling due within one year (120,740) (66,837)
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Net Current Assets 539 41,291
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Total Assets less Current Liabilities 160,087 221,117
 
Creditors:
amounts falling due after more than one year (249,328) (214,071)
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Net (Liabilities)/Assets (89,241) 7,046
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings (89,242) 7,045
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Equity attributable to owners of the company (89,241) 7,046
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 16 January 2024
           
           
________________________________          
Mr. Andrew Short          
Director          
           



AJS Shops Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2023

   
1. General Information
 
AJS Shops Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI669527. The registered office of the company is Unit 2 Kevlin Buildings, 47 Kevlin Avenue, Omagh, Co Tyrone, BT78 1ER. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold -  
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The comparative figures relate to the 0 month period ended 30 September 2022.
   
4. Going concern
 
Although the company has a negative net asset position, the company accounts are prepared on a going concern basis as the director foresees the company returning to profitability in the future.
       
5. Employees
 
The average monthly number of employees, including director, during the financial year was 13, (2022 - 13).
 
  2023 2022
  Number Number
 
Employees 13 13
  ═════════ ═════════
         
6. Tangible assets
  Land and Plant and Total
  buildings machinery  
  freehold    
  £ £ £
Cost
At 1 October 2022 102,672 128,392 231,064
Additions - 6,750 6,750
  ───────── ───────── ─────────
At 30 September 2023 102,672 135,142 237,814
  ───────── ───────── ─────────
Depreciation
At 1 October 2022 - 51,238 51,238
Charge for the financial year - 27,028 27,028
  ───────── ───────── ─────────
At 30 September 2023 - 78,266 78,266
  ───────── ───────── ─────────
Net book value
At 30 September 2023 102,672 56,876 159,548
  ═════════ ═════════ ═════════
At 30 September 2022 102,672 77,154 179,826
  ═════════ ═════════ ═════════
       
7. Details of creditors
 
Security given in respect of creditors
Henderson Wholesale Limited hold a fixed charge over the land and premises located on 58 Tattyreagh Road, Tattyreagh. They also hold a floating charge over the assets of the company.
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2023.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.