Registered number
11376034
Ausjon Ltd
Final Cessation Filleted Accounts
31 May 2024
Ausjon Ltd
Registered number: 11376034
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 5 - 143,000
Current assets
Debtors 6 - 248
Cash at bank and in hand - 24,556
- 24,804
Creditors: amounts falling due within one year 7 (5,252) (161,542)
Net current liabilities (5,252) (136,738)
Total assets less current liabilities (5,252) 6,262
Provisions for liabilities - (3,891)
Net (liabilities)/assets (5,252) 2,371
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,352) 2,271
Shareholders' funds (5,252) 2,371
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
The company ceased trading on 31 May 2024.
J A Lowry
Director
Approved by the board on 30 July 2024
Ausjon Ltd
Notes to the Accounts
for the year ended 31 May 2024
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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Know how was amortised evenly over an estimated useful life of five years.
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:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates, joint ventures and property are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees and Directors 2024 2023
Number Number
Average number of employees during the year 1 1
3 Intangible fixed assets £
Other intangible assets:
Cost
At 1 June 2023 23,615
At 31 May 2024 23,615
Amortisation
At 1 June 2023 23,615
At 31 May 2024 23,615
Net book value
At 31 May 2024 -
Other intangible assets have been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 June 2023 4,535
At 31 May 2024 4,535
Depreciation
At 1 June 2023 4,535
At 31 May 2024 4,535
Net book value
At 31 May 2024 -
5 Investment Property
Investment
Property
£
Cost
At 1 June 2023 143,000
Disposals (143,000)
At 31 May 2024 -
Historical cost
At 1 June 2023 122,521
6 Debtors 2024 2023
£ £
Other debtors - 248
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 19
Other creditors 5,252 161,523
5,252 161,542
8 Other information
Ausjon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Jasmine Close
Redhill
Surrey
RH1 5LH
Ausjon Ltd 11376034 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 J A Lowry No description of principal activity 11376034 2022-06-01 2023-05-31 11376034 core:WithinOneYear 2023-05-31 11376034 core:ShareCapital 2023-05-31 11376034 core:RetainedEarningsAccumulatedLosses 2023-05-31 11376034 2023-06-01 2024-05-31 11376034 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11376034 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11376034 bus:Director40 2023-06-01 2024-05-31 11376034 countries:England 2023-06-01 2024-05-31 11376034 bus:FRS102 2023-06-01 2024-05-31 11376034 bus:FilletedAccounts 2023-06-01 2024-05-31 11376034 2024-05-31 11376034 core:WithinOneYear 2024-05-31 11376034 core:ShareCapital 2024-05-31 11376034 core:RetainedEarningsAccumulatedLosses 2024-05-31 11376034 core:Goodwill 2024-05-31 11376034 core:PlantMachinery 2024-05-31 11376034 core:DisposalsRepaymentsInvestments 2024-05-31 11376034 2023-05-31 11376034 core:Goodwill 2023-05-31 11376034 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure