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REGISTERED NUMBER: 06421755 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AJE SYSTEMS (UK) LIMITED

AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AJE SYSTEMS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A J E Cunnington





SECRETARY: A J E Cunnington





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 06421755 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,224 1,224
Tangible assets 5 62,629 36,797
Investments 6 - 30
63,853 38,051

CURRENT ASSETS
Stocks 27,180 26,680
Debtors 7 10,271 24,571
Cash at bank 11,732 29,309
49,183 80,560
CREDITORS
Amounts falling due within one year 8 90,176 99,109
NET CURRENT LIABILITIES (40,993 ) (18,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,860

19,502

CREDITORS
Amounts falling due after more than one year 9 12,000 18,000
NET ASSETS 10,860 1,502

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,859 1,501
SHAREHOLDERS' FUNDS 10,860 1,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 12 August 2024 and were signed by:





A J E Cunnington - Director


AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

AJE Systems (UK) 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.

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.

At the balance sheet date the company had a working capital deficit of £40,993 by virtue of its current liabilities exceeding its current assets. The director is confident that the going concern basis for the preparation of the financial statements is appropriate, and has confirmed his continuing support for the company in writing.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 25% 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 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.


AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 1,224
NET BOOK VALUE
At 30 November 2023 1,224
At 30 November 2022 1,224

AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 16,037 2,588 32,000 58 50,683
Additions 33,554 - - - 33,554
At 30 November 2023 49,591 2,588 32,000 58 84,237
DEPRECIATION
At 1 December 2022 1,682 2,145 10,001 58 13,886
Charge for year 2,111 111 5,500 - 7,722
At 30 November 2023 3,793 2,256 15,501 58 21,608
NET BOOK VALUE
At 30 November 2023 45,798 332 16,499 - 62,629
At 30 November 2022 14,355 443 21,999 - 36,797

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 30
PROVISIONS

Impairments 30
At 30 November 2023 30
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 30

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 5,916 6,804
Other debtors 4,355 17,767
10,271 24,571

AJE SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 06421755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 4 5,423
Taxation and social security 2,502 -
Other creditors 81,670 87,686
90,176 99,109

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 12,000 18,000