2023-01-01 2023-12-31 false Capium Accounts Production 1.1 02947639 bus:FullAccounts 2023-01-01 2023-12-31 02947639 bus:FRS102 2023-01-01 2023-12-31 02947639 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02947639 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02947639 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02947639 2023-01-01 2023-12-31 02947639 2023-12-31 02947639 bus:RegisteredOffice 2023-01-01 2023-12-31 02947639 core:WithinOneYear 2023-12-31 02947639 core:AfterOneYear 2023-12-31 02947639 bus:Director1 2023-01-01 2023-12-31 02947639 bus:Director1 2023-12-31 02947639 bus:Director1 2022-01-01 2022-12-31 02947639 2022-01-01 02947639 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 02947639 2022-01-01 2022-12-31 02947639 2022-12-31 02947639 core:WithinOneYear 2022-12-31 02947639 core:AfterOneYear 2022-12-31 02947639 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 02947639 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02947639 bus:OrdinaryShareClass1 2023-12-31 02947639 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 02947639 bus:OrdinaryShareClass1 2022-12-31 02947639 core:PlantMachinery 2023-01-01 2023-12-31 02947639 core:PlantMachinery 2023-12-31 02947639 core:PlantMachinery 2022-12-31 02947639 core:MotorCars 2023-01-01 2023-12-31 02947639 core:MotorCars 2023-12-31 02947639 core:MotorCars 2022-12-31 02947639 core:FurnitureFittings 2023-01-01 2023-12-31 02947639 core:FurnitureFittings 2023-12-31 02947639 core:FurnitureFittings 2022-12-31 02947639 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 02947639 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 02947639 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 02947639 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 02947639 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 02947639 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 02947639 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 02947639 core:Non-currentFinancialInstruments 2023-12-31 02947639 core:Non-currentFinancialInstruments 2022-12-31 02947639 core:ShareCapital 2023-12-31 02947639 core:ShareCapital 2022-12-31 02947639 core:RetainedEarningsAccumulatedLosses 2023-12-31 02947639 core:RetainedEarningsAccumulatedLosses 2022-12-31 02947639 dpl:Item1 2023-01-01 02947639 dpl:Item1 2023-12-31 02947639 dpl:Item1 2022-01-01 02947639 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 02947639
England and Wales

 

 

 

A.J.S. EMBROIDERY SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Anthony Dorsey
Registered Number 02947639
Registered Office Unit 2 Sherbrook Enterprise
100 Sherbrook Road
Daybrook
Nottingham
NG5 6AB
Accountants Equinox Accounting Limited
Unit 2 Sherbrook Road
Daybrook
Nottingham
Nottinghamshire
NG5 6AB
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 243,562    215,663 
243,562    215,663 
Current assets      
Stocks 5 1,036,227    685,900 
Debtors 6 375,863    359,119 
Cash at bank and in hand 1,838,775    2,664,588 
3,250,865    3,709,607 
Creditors: amount falling due within one year 7 (85,456)   (718,937)
Net current assets 3,165,409    2,990,670 
 
Total assets less current liabilities 3,408,971    3,206,333 
Provisions for liabilities 8 (59,911)   (40,232)
Net assets 3,349,060    3,166,101 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 3,348,960    3,166,001 
Shareholder's funds 3,349,060    3,166,101 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 03 July 2024 and were signed by:


-------------------------------
Anthony Dorsey
Director
2
General Information
A.J.S. Embroidery Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02947639, registration address Unit 2 Sherbrook Enterprise, 100 Sherbrook Road, Daybrook, Nottingham, NG5 6AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company continues to experience good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Revenue is measured at the fair value of the consideration received or receivable for the sale of goods and provisions of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
Sale of goods - Turnover from the sale of machinery and parts is recognised when significant risks and rewards of ownership of the goods have been transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.
Supply of services - Turnover from the supply of installation and support services is recognised on completion of the task. There was not work in progress at the balance sheet date.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15 / 25% Reducing Balance
Short Leasehold Property Improvements 5 years Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.

Average number of employees

Average number of employees during the year was 12 (2022 : 11).
3.

Financial Commitments, Guarantees and Contingencies

The company had commitments at the balance sheet date of £375,000 (2022 - £475,000).
The directors have given personal guarantees to one of the company's suppliers, Tajima Industries Limited, regarding amounts outstanding and are jointly liable should the company default on its payments.

4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Short Leasehold Property Improvements   Total
  £   £   £   £   £
At 01 January 2023 97,350    201,953    32,793    37,961    370,057 
Additions 1,587    82,433    9,034    2,705    95,759 
Disposals   (28,306)       (28,306)
At 31 December 2023 98,937    256,080    41,827    40,666    437,510 
Depreciation
At 01 January 2023 63,337    75,991    11,305    3,761    154,394 
Charge for year 5,321    44,872    5,285    7,345    62,823 
On disposals   (23,269)       (23,269)
At 31 December 2023 68,658    97,594    16,590    11,106    193,948 
Net book values
Closing balance as at 31 December 2023 30,279    158,486    25,237    29,560    243,562 
Opening balance as at 01 January 2023 34,013    125,962    21,488    34,200    215,663 


5.

Stocks

2023
£
  2022
£
Stocks 1,036,227    685,900 
1,036,227    685,900 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 265,024    282,932 
Prepayments & Accrued Income 70,565    73,703 
Other Debtors 255    2,484 
Corporation Tax 40,019   
375,863    359,119 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 38,762    379,050 
Amounts Owed to Group Undertakings 17,818    38,918 
Corporation Tax   26,718 
PAYE & Social Security 9,875    8,770 
Accrued Expenses 8,532    20,329 
Deferred income   175,688 
Other Creditors 6,955    25,630 
Pension schemes 2,355    1,652 
VAT 1,159    42,182 
85,456    718,937 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 40,232    26,742 
Charged to Profit & Loss 19,679    13,490 
59,911    40,232 

9.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3