Company Registration No. 11120537 (England and Wales)
Ajax UK Platform Operations Limited
Unaudited accounts
for the year ended 31 December 2023
Ajax UK Platform Operations Limited
Unaudited accounts
Contents
Ajax UK Platform Operations Limited
Company Information
for the year ended 31 December 2023
Company Number
11120537 (England and Wales)
Registered Office
Studio 4, Cloisters House
8 Battersea Park Road
London
SW8 4BG
Accountants
Grass & Holm
Thornbury Cottage
Chalk Hill
Amersham
BUCKS
HP7 0LY
Ajax UK Platform Operations Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
20,635
5,532
Creditors: amounts falling due within one year
(1,084,018)
(920,679)
Net current liabilities
(761,261)
(851,308)
Total assets less current liabilities
(760,371)
(849,534)
Creditors: amounts falling due after more than one year
(20,613)
(23,813)
Net liabilities
(780,984)
(873,347)
Called up share capital
10
10
Profit and loss account
(780,994)
(873,357)
Shareholders' funds
(780,984)
(873,347)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
C Pool
Director
Company Registration No. 11120537
Ajax UK Platform Operations Limited
Notes to the Accounts
for the year ended 31 December 2023
Ajax UK Platform Operations Limited is a private company, limited by shares, registered in England and Wales, registration number 11120537. The registered office is Studio 4, Cloisters House, 8 Battersea Park Road, London, SW8 4BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Computer equipment
3 years stright line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company is depdent upon the continued support of the directors and shareholder. The directors confirm that the company is a going concern.
Ajax UK Platform Operations Limited
Notes to the Accounts
for the year ended 31 December 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
267
2,492
2,759
At 31 December 2023
267
2,492
2,759
At 1 January 2023
4
981
985
Charge for the year
54
830
884
At 31 December 2023
58
1,811
1,869
At 31 December 2023
209
681
890
At 31 December 2022
263
1,511
1,774
Finished goods
70,214
50,000
Amounts falling due within one year
Trade debtors
17,033
11,088
Deferred tax asset
215,454
-
Accrued income and prepayments
270
1,268
Ajax UK Platform Operations Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,856
3,856
Trade creditors
23,933
41,979
Taxes and social security
2,201
3,315
Other creditors
206,142
170,912
Loans from directors
846,192
699,148
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Transactions with related parties
At the balance sheet date the company owed £205,800 (2022: £170,000) to Lonsdale Homes Limited by way of an interest free loan. Lonsdale Homes Limited is under common control with the company.
11
Average number of employees
During the year the average number of employees was 4 (2022: 11).