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REGISTERED NUMBER: 11158907 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AJN MOT TEST CENTRE LIMITED

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJN MOT TEST CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T T Munt
T J Munt





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 11158907 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,517 67,810

CURRENT ASSETS
Stocks 5,180 6,090
Debtors 5 6,363 20,278
Cash at bank and in hand 3,568 8,737
15,111 35,105
CREDITORS
Amounts falling due within one year 6 33,232 38,945
NET CURRENT LIABILITIES (18,121 ) (3,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,396

63,970

CREDITORS
Amounts falling due after more than one year 7 39,698 40,205
NET ASSETS 8,698 23,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 8,598 23,665
SHAREHOLDERS' FUNDS 8,698 23,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





T T Munt - Director


AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AJN MOT TEST CENTRE LIMITED 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 & equipment - 20% on reducing balance
Office equipment & fixtures - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
Plant & equipment Motor
equipment & fixtures vehicles Totals
£    £    £    £   
COST
At 1 April 2023 42,342 5,219 56,465 104,026
Additions 13,948 1,207 42,528 57,683
Disposals - - (54,965 ) (54,965 )
At 31 March 2024 56,290 6,426 44,028 106,744
DEPRECIATION
At 1 April 2023 19,946 2,641 13,629 36,216
Charge for year 7,270 757 8,604 16,631
Eliminated on disposal - - (12,620 ) (12,620 )
At 31 March 2024 27,216 3,398 9,613 40,227
NET BOOK VALUE
At 31 March 2024 29,074 3,028 34,415 66,517
At 31 March 2023 22,396 2,578 42,836 67,810

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 - 49,315 49,315
Additions 13,948 42,528 56,476
Disposals - (49,315 ) (49,315 )
At 31 March 2024 13,948 42,528 56,476
DEPRECIATION
At 1 April 2023 - 9,863 9,863
Charge for year - 8,506 8,506
Eliminated on disposal - (9,863 ) (9,863 )
At 31 March 2024 - 8,506 8,506
NET BOOK VALUE
At 31 March 2024 13,948 34,022 47,970
At 31 March 2023 - 39,452 39,452

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,060 5,747
Tax - 6,061
Prepayments 2,303 8,470
6,363 20,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 15,887 7,000
Trade creditors 2,339 9,776
Tax 7,404 -
Social security and other taxes 3,148 2,488
VAT 1,118 6,924
Other creditors 840 431
Director's current account 251 10,146
Accrued expenses 2,245 2,180
33,232 38,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 12,084 17,455
Hire purchase contracts (see note 8) 27,614 22,750
39,698 40,205

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 15,887 7,000
Between one and five years 27,614 22,750
43,501 29,750

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 43,501 29,750

The hire purchase contract is secured against the asset to which it relates.

AJN MOT TEST CENTRE LIMITED (REGISTERED NUMBER: 11158907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. RESERVES
Retained
earnings
£   

At 1 April 2023 23,665
Profit for the year 37,933
Dividends (53,000 )
At 31 March 2024 8,598