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REGISTERED NUMBER: 06068948 (England and Wales)





















A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A J Reynolds
Mrs F A Reynolds





SECRETARY: Mrs F A Reynolds





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 06068948 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,316 50,771
60,316 50,771

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 76,405 161,756
Cash at bank 64,544 46,694
143,449 210,950
CREDITORS
Amounts falling due within one year 7 76,198 116,371
NET CURRENT ASSETS 67,251 94,579
TOTAL ASSETS LESS CURRENT LIABILITIES 127,567 145,350

PROVISIONS FOR LIABILITIES 14,808 9,646
NET ASSETS 112,759 135,704

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 112,659 135,604
SHAREHOLDERS' FUNDS 112,759 135,704

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.

A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





A J Reynolds - Director


A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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


1. STATUTORY INFORMATION

A.J.R. Electrical Services (Banbury) 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.

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

Goodwill
Goodwill being paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 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.


A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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


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.

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.

Debtors and creditors
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.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 36,894 25,994 79,119 142,007
Additions 4,375 1,004 23,150 28,529
Disposals - - (20,730 ) (20,730 )
At 31 March 2024 41,269 26,998 81,539 149,806
DEPRECIATION
At 1 April 2023 15,434 17,056 58,746 91,236
Charge for year 6,175 2,264 8,239 16,678
Eliminated on disposal - - (18,424 ) (18,424 )
At 31 March 2024 21,609 19,320 48,561 89,490
NET BOOK VALUE
At 31 March 2024 19,660 7,678 32,978 60,316
At 31 March 2023 21,460 8,938 20,373 50,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,564 127,021
Directors' current accounts 17,681 15,011
Prepayments 5,160 19,724
76,405 161,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,295 24,470
Corporation tax 44,343 62,239
Social security and other taxes 278 3,665
VAT 16,904 25,248
Other creditors 378 749
76,198 116,371

A.J.R. ELECTRICAL SERVICES (BANBURY)
LIMITED (REGISTERED NUMBER: 06068948)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A J Reynolds and Mrs F A Reynolds
Balance outstanding at start of year 15,011 -
Amounts advanced 17,681 15,011
Amounts repaid (15,011 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,681 15,011