Registered number
13736465
AJF RENTALS LTD
Filleted Accounts
30 November 2023
AJF RENTALS LTD
Registered number: 13736465
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Tangible assets 3 124,231
Current assets
Cash at bank and in hand 1,297
Creditors: amounts falling due within one year 4 (1,493)
Net current (liabilities)/assets (196)
Total assets less current liabilities 124,035
Creditors: amounts falling due after more than one year 5 (121,026)
Net assets 3,009
Capital and reserves
Called up share capital 2
Profit and loss account 3,007
Shareholders' funds 3,009
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Harbron
Director
Approved by the board on 29 August 2024
AJF RENTALS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 124,231
At 30 November 2023 124,231
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 124,231
At 30 November 2022 124,231
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 420
Taxation and social security costs 521
Other creditors 552
1,493
5 Creditors: amounts falling due after one year 2023
£
Bank loans 90,000
Other creditors 31,026
121,026
6 Other information
AJF RENTALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
102 Tal y Coed
Pontardulais
Swansea
SA4 0XR
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