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REGISTERED NUMBER: 09953616 (England and Wales)















AJ GASTECH LTD

Unaudited Financial Statements

for the Year Ended 31 March 2024






AJ GASTECH LTD (Registered number: 09953616)






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


AJ GASTECH LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J M Healy
L Scrimshaw





REGISTERED OFFICE: 9 Greenhill Drive
Micklethwaite
Bingley
West Yorkshire
BD16 3HT





REGISTERED NUMBER: 09953616 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

AJ GASTECH LTD (Registered number: 09953616)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,406 108,265

CURRENT ASSETS
Stocks 1,580 1,225
Debtors 5 203,340 124,637
Cash at bank and in hand 370,240 348,772
575,160 474,634
CREDITORS
Amounts falling due within one year 6 224,129 161,552
NET CURRENT ASSETS 351,031 313,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,437

421,347

CREDITORS
Amounts falling due after more than one
year

7

-

(1,679

)

PROVISIONS FOR LIABILITIES (26,352 ) (16,370 )
NET ASSETS 430,085 403,298

CAPITAL AND RESERVES
Called up share capital 8 80 120
Capital redemption reserve 9 40 -
Retained earnings 9 429,965 403,178
SHAREHOLDERS' FUNDS 430,085 403,298

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.

AJ GASTECH LTD (Registered number: 09953616)

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 21 August 2024 and were signed on its behalf by:




J M Healy - Director



L Scrimshaw - Director


AJ GASTECH LTD (Registered number: 09953616)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AJ GASTECH LTD 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.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AJ GASTECH LTD (Registered number: 09953616)

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 28,522 153,783 3,447 185,752
Additions 20,624 - 2,316 22,940
At 31 March 2024 49,146 153,783 5,763 208,692
DEPRECIATION
At 1 April 2023 6,417 68,540 2,530 77,487
Charge for year 3,316 21,311 1,172 25,799
At 31 March 2024 9,733 89,851 3,702 103,286
NET BOOK VALUE
At 31 March 2024 39,413 63,932 2,061 105,406
At 31 March 2023 22,105 85,243 917 108,265

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 15,195
DEPRECIATION
At 1 April 2023 10,387
Charge for year 1,202
At 31 March 2024 11,589
NET BOOK VALUE
At 31 March 2024 3,606
At 31 March 2023 4,808

AJ GASTECH LTD (Registered number: 09953616)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 187,193 105,419
Other debtors 16,147 19,218
203,340 124,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 1,679 3,276
Trade creditors 76,312 96,606
Taxation 89,813 49,764
Other creditors 56,325 11,906
224,129 161,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 1,679

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 Ordinary £1 80 120

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 403,178 - 403,178
Profit for the year 218,247 - 218,247
Dividends (121,460 ) - (121,460 )
Purchase of own shares (70,000 ) 40 (69,960 )
At 31 March 2024 429,965 40 430,005