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REGISTERED NUMBER: 08836535 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AJM Electrical Services (SW) Ltd
Trading as
AJM Electrical Services and
AJM Renewables

AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AJM Electrical Services (SW) Ltd
Trading as AJM Electrical Services and
AJM Renewables

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A J Mead
Mrs L Mead





SECRETARY: Mrs L Mead





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 08836535 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,150
Tangible assets 5 296,373 215,075
296,373 217,225

CURRENT ASSETS
Stocks 38,000 38,000
Debtors 155,488 132,756
Cash at bank 165,974 134,035
359,462 304,791
CREDITORS
Amounts falling due within one year 272,602 262,454
NET CURRENT ASSETS 86,860 42,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,233

259,562

CREDITORS
Amounts falling due after more than one
year

(154,296

)

(131,843

)

PROVISIONS FOR LIABILITIES 8 (51,161 ) (25,178 )
NET ASSETS 177,776 102,541

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 177,676 102,441
SHAREHOLDERS' FUNDS 177,776 102,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 August 2024 and were signed on its behalf by:




Mr A J Mead - Director



Mrs L Mead - Director


AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

AJM Electrical Services (SW) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 33% on reducing balance and 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.


AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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.

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 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 21,500
AMORTISATION
At 1 May 2023 19,350
Amortisation for year 2,150
At 30 April 2024 21,500
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 2,150

AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 303,959
Additions 123,253
Disposals (2,183 )
At 30 April 2024 425,029
DEPRECIATION
At 1 May 2023 88,884
Charge for year 40,614
Eliminated on disposal (842 )
At 30 April 2024 128,656
NET BOOK VALUE
At 30 April 2024 296,373
At 30 April 2023 215,075

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 125,741
Additions 66,680
At 30 April 2024 192,421
DEPRECIATION
At 1 May 2023 33,609
Charge for year 25,749
At 30 April 2024 59,358
NET BOOK VALUE
At 30 April 2024 133,063
At 30 April 2023 92,132

AJM Electrical Services (SW) Ltd (Registered number: 08836535)
Trading as AJM Electrical Services and
AJM Renewables

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,057 13,879

Amounts falling due between one and two years:
Bank loans - 1-2 years 63,114 77,175

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Lloyds Bank Loan 43,180 46,040

Bank Loan secured against Unit 6 Canvin Court, Bancombe Business Estate, Somerton, Somerset, TA11 6SB shown in Fixed Assets. The loan is repayable over 15 years.

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 51,161 25,178

Deferred
tax
£   
Balance at 1 May 2023 25,178
Accelerated capital allowances 25,983
Balance at 30 April 2024 51,161

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr A Mead, who together with his wife are the only shareholders.