Registered number
07242716
AJS Depositories Limited
Filleted Accounts
30 June 2024
AJS Depositories Limited
Registered number: 07242716
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 191,215 190,526
Current assets
Stocks 1,000 1,000
Debtors 4 128,190 147,655
Cash at bank and in hand 160,060 205,436
289,250 354,091
Creditors: amounts falling due within one year 5 (91,539) (158,006)
Net current assets 197,711 196,085
Net assets 388,926 386,611
Capital and reserves
Called up share capital 49 49
Profit and loss account 388,877 386,562
Shareholders' funds 388,926 386,611
The director is 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 director acknowledges her 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.
Sandra Manuel
Director
Approved by the board on 27 August 2024
AJS Depositories Limited
Notes to the Accounts
for the year ended 30 June 2024
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).

The financial statements are presented in sterling which is the functional currency of the company and it was not rounded.
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:
Motor vehicles 15% Reducing balance
Fixtures, fittings, tools and equipment 20% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Fixtures, fittings & equipment etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 68,946 461,162 530,108
Additions 3,296 34,994 38,290
At 30 June 2024 72,242 496,156 568,398
Depreciation
At 1 July 2023 53,119 286,463 339,582
Charge for the year 6,147 31,454 37,601
At 30 June 2024 59,266 317,917 377,183
Net book value
At 30 June 2024 12,976 178,239 191,215
At 30 June 2023 15,827 174,699 190,526
4 Debtors 2024 2023
£ £
Trade debtors 89,344 109,428
Other debtors 38,846 38,227
128,190 147,655
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,130 54,280
Taxation and social security costs 36,987 37,094
Accruals 20,426 27,402
Other creditors 22,996 39,230
91,539 158,006
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 140,916 178,916
7 Controlling party
The company is controlled by Mr & Mrs Jamie Manuel.
8 Other information
AJS Depositories Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10, 59 Weir Road
London
SW19 8UG
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