Registered number
09192006
AEJL68 Limited
Unaudited Filleted Accounts
31 July 2023
AEJL68 Limited
Registered number: 09192006
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,114 1,311
Current assets
Stocks - 175
Debtors 4 4,200 3,814
Cash at bank and in hand 34,935 37,377
39,135 41,366
Creditors: amounts falling due within one year 5 (24,732) (18,592)
Net current assets 14,403 22,774
Total assets less current liabilities 15,517 24,085
Creditors: amounts falling due after more than one year 6 (7,667) (11,895)
Net assets 7,850 12,190
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,849 12,189
Shareholder's funds 7,850 12,190
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms V I Voong
Director
Approved by the board on 8 April 2024
AEJL68 Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 2,703
At 31 July 2023 2,703
Depreciation
At 1 August 2022 1,392
Charge for the year 197
At 31 July 2023 1,589
Net book value
At 31 July 2023 1,114
At 31 July 2022 1,311
4 Debtors 2023 2022
£ £
Other debtors 4,200 3,814
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Taxation and social security costs 5,709 10,220
Other creditors 15,023 4,372
24,732 18,592
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,667 11,895
7 Controlling party
The company is under the control of the director, Ms V I Voong by the virtue of her shareholdings in the company.
8 Other information
AEJL68 Limited is a private company limited by shares and incorporated in England. Its registered office is:
198 Kirkley Run
Lowestoft
Suffolk
NR33 0NN
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