X5 AJT Limited 07415662 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Holding Company Digita Accounts Production Advanced 6.30.9574.0 true 07415662 2022-04-01 2023-03-31 07415662 2023-03-31 07415662 bus:OrdinaryShareClass1 2023-03-31 07415662 core:RetainedEarningsAccumulatedLosses 2023-03-31 07415662 core:ShareCapital 2023-03-31 07415662 core:CurrentFinancialInstruments 2023-03-31 07415662 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07415662 bus:SmallEntities 2022-04-01 2023-03-31 07415662 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07415662 bus:AbridgedAccounts 2022-04-01 2023-03-31 07415662 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07415662 bus:RegisteredOffice 2022-04-01 2023-03-31 07415662 bus:Director1 2022-04-01 2023-03-31 07415662 bus:Director2 2022-04-01 2023-03-31 07415662 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07415662 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07415662 core:LandBuildings 2022-04-01 2023-03-31 07415662 core:OfficeEquipment 2022-04-01 2023-03-31 07415662 core:PlantMachinery 2022-04-01 2023-03-31 07415662 countries:England 2022-04-01 2023-03-31 07415662 2021-04-01 2022-03-31 07415662 2022-03-31 07415662 bus:OrdinaryShareClass1 2022-03-31 07415662 core:RetainedEarningsAccumulatedLosses 2022-03-31 07415662 core:ShareCapital 2022-03-31 07415662 core:CurrentFinancialInstruments 2022-03-31 07415662 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07415662

X5 AJT Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

X5 AJT Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

X5 AJT Limited

Company Information

Directors

Mrs AJ Turner

Mr AJ Turner

Registered office

82 Blackburn Road
Accrington
Lancashire
BB5 1LL

Accountants

Brown & Lonsdale Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

X5 AJT Limited

(Registration number: 07415662)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

356,386

375,570

Investments

102

102

 

356,488

375,672

Current assets

 

Debtors

26,259

57,456

Cash at bank and in hand

 

101

44

 

26,360

57,500

Creditors: Amounts falling due within one year

(170,653)

(107,862)

Net current liabilities

 

(144,293)

(50,362)

Total assets less current liabilities

 

212,195

325,310

Accruals and deferred income

 

(975)

(2,734)

Net assets

 

211,220

322,576

Capital and reserves

 

Called up share capital

4

106

106

Retained earnings

211,114

322,470

Shareholders' funds

 

211,220

322,576

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 15 January 2024 and signed on its behalf by:
 

 

X5 AJT Limited

(Registration number: 07415662)
Abridged Balance Sheet as at 31 March 2023

.........................................
Mrs AJ Turner
Director

 

X5 AJT Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
82 Blackburn Road
Accrington
Lancashire
BB5 1LL
England

These financial statements were authorised for issue by the Board on 15 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

X5 AJT Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

4% over 25 years

Office Equipment

20% on reducing balance

Plant & Machinery

20% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

X5 AJT Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

106

106

106

106