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REGISTERED NUMBER: 11033459 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AJB GROUP (OXFORDSHIRE) LTD

AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJB GROUP (OXFORDSHIRE) LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr A J Bridgeman
Mrs E R Bridgeman





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 11033459 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 812,239 543,227

CURRENT ASSETS
Debtors 5 155,083 95,906
Cash at bank and in hand 43,240 42,296
198,323 138,202
CREDITORS
Amounts falling due within one year 6 327,320 201,485
NET CURRENT LIABILITIES (128,997 ) (63,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,242

479,944

CREDITORS
Amounts falling due after more than one
year

7

(326,918

)

(241,936

)

PROVISIONS FOR LIABILITIES 8 (132,822 ) (91,371 )
NET ASSETS 223,502 146,637

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 223,402 146,537
SHAREHOLDERS' FUNDS 223,502 146,637

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr A J Bridgeman - Director


AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

AJB Group (Oxfordshire) Ltd 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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors,are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 764,455 68,999 4,723 838,177
Additions 304,500 55,539 1,275 361,314
Disposals (18,542 ) - - (18,542 )
At 31 October 2023 1,050,413 124,538 5,998 1,180,949
DEPRECIATION
At 1 November 2022 288,274 4,537 2,139 294,950
Charge for year 54,813 21,500 797 77,110
Eliminated on disposal (3,350 ) - - (3,350 )
At 31 October 2023 339,737 26,037 2,936 368,710
NET BOOK VALUE
At 31 October 2023 710,676 98,501 3,062 812,239
At 31 October 2022 476,181 64,462 2,584 543,227

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 514,829 68,999 583,828
Additions 242,800 41,549 284,349
At 31 October 2023 757,629 110,548 868,177
DEPRECIATION
At 1 November 2022 187,758 4,537 192,295
Charge for year 38,116 20,896 59,012
At 31 October 2023 225,874 25,433 251,307
NET BOOK VALUE
At 31 October 2023 531,755 85,115 616,870
At 31 October 2022 327,071 64,462 391,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 155,033 95,856
Other debtors 50 50
155,083 95,906

AJB GROUP (OXFORDSHIRE) LTD (REGISTERED NUMBER: 11033459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 181,933 105,545
Trade creditors 14,605 6,603
Social security and other taxes 7,384 8,252
Value added tax 65,869 65,072
Other creditors 4,978 122
Directors' current accounts 49,513 13,103
Accruals 3,038 2,788
327,320 201,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 326,918 241,936

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 132,822 91,371

Deferred
tax
£   
Balance at 1 November 2022 91,371
Charge to Statement of Income and Retained Earnings during year 41,451
Balance at 31 October 2023 132,822

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 146,537
Profit for the year 98,976
Dividends (22,111 )
At 31 October 2023 223,402