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REGISTERED NUMBER: 14586868 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2023 TO 31 JANUARY 2024

FOR

AJ RETAIL SALES LIMITED

AJ RETAIL SALES LIMITED (REGISTERED NUMBER: 14586868)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JANUARY 2023 TO 31 JANUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


AJ RETAIL SALES LIMITED (REGISTERED NUMBER: 14586868)

BALANCE SHEET
31 JANUARY 2024

Notes £   
FIXED ASSETS
Tangible assets 4 1,492

CURRENT ASSETS
Debtors 5 62,982
Cash at bank 79,545
142,527
CREDITORS
Amounts falling due within one year 6 (114,922 )
NET CURRENT ASSETS 27,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,097

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 28,997
29,097

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

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 13 August 2024 and were signed on its behalf by:





A J Bucknall - Director


AJ RETAIL SALES LIMITED (REGISTERED NUMBER: 14586868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JANUARY 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Aj Retail Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14586868

Registered office: 5 Newport Road
Burgess Hill
RH15 8QG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover consists of retail sales of clothing. Turnover is recongnised when the entity meets the obligations to deliver goods to a customer in accordance with the terms and conditions of the sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period comprises current 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 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.

Hire purchase and leasing commitments
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.

Going concern
Having reviewed the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future.

AJ RETAIL SALES LIMITED (REGISTERED NUMBER: 14586868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JANUARY 2023 TO 31 JANUARY 2024


3. EMPLOYEES

The average number of employees during the period was 11 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 1,602
At 31 January 2024 1,602
DEPRECIATION
Charge for period 110
At 31 January 2024 110
NET BOOK VALUE
At 31 January 2024 1,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 52,417
Directors' current accounts 5,100
Prepayments and accrued income 5,465
62,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,020
Tax 6,749
Social security and other taxes 878
VAT 11,717
Other creditors 83,248
Accruals and deferred income 2,310
114,922

7. RELATED PARTY DISCLOSURES

The company made purchases during the period from an entity under common control totalling £491,191. An amount of £83,248 was due to the company under common control at the balance sheet date. This balance is included in creditors.