1 April 2023 false No description of principal activity Taxfiler 2024.5 14075582business:PrivateLimitedCompanyLtd2023-04-012024-03-31 140755822023-03-31 140755822023-04-012024-03-31 14075582business:AuditExemptWithAccountantsReport2023-04-012024-03-31 14075582business:FilletedAccounts2023-04-012024-03-31 140755822024-03-31 140755822023-03-31 14075582core:WithinOneYear2024-03-31 14075582core:WithinOneYear2023-03-31 14075582core:AfterOneYear2024-03-31 14075582core:AfterOneYear2023-03-31 14075582core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14075582core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 14075582core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14075582core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 14075582core:PreviouslyStatedAmount2024-03-31 14075582core:PreviouslyStatedAmount2023-03-31 14075582business:SmallEntities2023-04-012024-03-31 14075582business:Director12023-04-012024-03-31 14075582countries:EnglandWales2023-04-012024-03-31 14075582business:RegisteredOffice2023-04-012024-03-31 14075582core:PlantMachinery2023-04-012024-03-31 14075582core:FurnitureFittings2023-04-012024-03-31 14075582core:ComputerEquipment2023-04-012024-03-31 14075582core:PlantMachinery2023-03-31 14075582core:FurnitureFittings2023-03-31 14075582core:ComputerEquipment2023-03-31 14075582core:PlantMachinery2024-03-31 14075582core:FurnitureFittings2024-03-31 14075582core:ComputerEquipment2024-03-31 14075582core:AcceleratedTaxDepreciationDeferredTax2024-03-31 14075582core:AcceleratedTaxDepreciationDeferredTax2023-03-31 14075582core:TaxLossesCarry-forwardsDeferredTax2024-03-31 14075582core:TaxLossesCarry-forwardsDeferredTax2023-03-31 140755822022-04-27 140755822022-04-282023-03-31 14075582business:OrdinaryShareClass12023-04-012024-03-31 14075582business:OrdinaryShareClass12022-04-282023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14075582 (England and Wales)
AJ Creative Ltd Unaudited accounts for the year ended 31 March 2024
AJ Creative Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,484 
13,791 
Current assets
Inventories
2,800 
1,800 
Debtors
2,592 
6,725 
Cash at bank and in hand
4,670 
1,157 
10,062 
9,682 
Creditors: amounts falling due within one year
(33,472)
(17,962)
Net current liabilities
(23,410)
(8,280)
Total assets less current liabilities
4,074 
5,511 
Creditors: amounts falling due after more than one year
(761)
- 
Provisions for liabilities
Deferred tax
(1,919)
(963)
Net assets
1,394 
4,548 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,392 
4,546 
Shareholders' funds
1,394 
4,548 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2024 and were signed on its behalf by
Jessica Robinson Director Company Registration No. 14075582
- 2 -
AJ Creative Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
AJ Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 14075582. The registered office is 10 PARK VIEW RADFORD ROAD, ROUS LENCH, EVESHAM, WR11 4UL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 3 -
AJ Creative Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
12,750 
1,226 
833 
14,809 
Additions
27,800 
674 
- 
28,474 
Disposals
(12,750)
- 
- 
(12,750)
At 31 March 2024
27,800 
1,900 
833 
30,533 
Depreciation
At 1 April 2023
531 
256 
231 
1,018 
Charge for the year
4,091 
484 
278 
4,853 
On disposals
(2,822)
- 
- 
(2,822)
At 31 March 2024
1,800 
740 
509 
3,049 
Net book value
At 31 March 2024
26,000 
1,160 
324 
27,484 
At 31 March 2023
12,219 
970 
602 
13,791 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
191 
3,547 
Accrued income and prepayments
561 
1,338 
Other debtors
1,840 
1,840 
2,592 
6,725 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,364 
- 
Trade creditors
(130)
4,170 
Other creditors
1,298 
208 
Loans from directors
26,006 
12,884 
Accruals
934 
700 
33,472 
17,962 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
761 
- 
- 4 -
AJ Creative Ltd Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,222 
2,620 
Tax losses carried forward
(3,303)
(1,657)
1,919 
963 
2024 
2023 
£ 
£ 
Provision at start of year
963 
- 
Charged to the profit and loss account
956 
963 
Provision at end of year
1,919 
963 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
- 5 -