Company Registration No. 07113908 (England and Wales)
Alexander James Mortgage Services Ltd
Unaudited accounts
for the year ended 31 December 2023
Alexander James Mortgage Services Ltd
Unaudited accounts
Contents
Alexander James Mortgage Services Ltd
Company Information
for the year ended 31 December 2023
Company Number
07113908 (England and Wales)
Registered Office
SUITE 120 14 CHERTSEY ROAD
WOKING
SURREY
GU21 5AH
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Alexander James Mortgage Services Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
5,951
10,382
Cash at bank and in hand
66,097
89,315
Creditors: amounts falling due within one year
(14,117)
(20,484)
Net current assets
81,596
80,476
Total assets less current liabilities
87,547
90,858
Creditors: amounts falling due after more than one year
(10,084)
(11,841)
Called up share capital
2
2
Profit and loss account
77,461
79,015
Shareholders' funds
77,463
79,017
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 director acknowledges his 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 and authorised for issue on 11 September 2024 and were signed on its behalf by
Nigel Glossop
Director
Company Registration No. 07113908
Alexander James Mortgage Services Ltd
Notes to the Accounts
for the year ended 31 December 2023
Alexander James Mortgage Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07113908. The registered office is SUITE 120 14 CHERTSEY ROAD, WOKING, SURREY, GU21 5AH.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 represents sales of services and commissions receivable, excluding value added tax.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Alexander James Mortgage Services Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,978
16,421
18,399
Disposals
-
(1,099)
(1,099)
At 31 December 2023
2,493
16,521
19,014
At 1 January 2023
1,101
6,916
8,017
Charge for the year
720
5,425
6,145
On disposals
-
(1,099)
(1,099)
At 31 December 2023
1,821
11,242
13,063
At 31 December 2023
672
5,279
5,951
At 31 December 2022
877
9,505
10,382
Amounts falling due within one year
Accrued income and prepayments
820
677
Other debtors
25,645
10,968
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,671
1,630
Taxes and social security
11,195
12,926
Other creditors
1,251
5,280
7
Creditors: amounts falling due after more than one year
2023
2022
The company entered into a Bounce Back Loan arrangement in the amount of £16,000 on 12th May 2020. The loan is unsecured and the charges and interest for the first year have been met by the government. Thereafter, the loan bears interest at 2.5% and is repayable over a 5 year term.
Alexander James Mortgage Services Ltd
Notes to the Accounts
for the year ended 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advances to Director
9,969
-
-
9,969
During the loan the company advanced funds to the Director. These funds are interest free with no fixed terms of repayment. The amount outstanding at year end is £9,969 and is included in Debtors.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).