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REGISTERED NUMBER: 03344667



















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Ajf Property Services Ltd

Ajf Property Services Ltd (Registered number: 03344667)

Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ajf Property Services Ltd

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTOR: A J J Francis





SECRETARY: Mrs L C Francis





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
TN2 5TN





REGISTERED NUMBER: 03344667





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Ajf Property Services Ltd (Registered number: 03344667)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,554 5,169

CURRENT ASSETS
Stocks 3,000 535
Debtors 5 - 23,041
Cash in hand - 751
3,000 24,327
CREDITORS
Amounts falling due within one year 6 (5,564 ) (12,981 )
NET CURRENT (LIABILITIES)/ASSETS (2,564 ) 11,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

990

16,515

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 988 16,513
SHAREHOLDERS' FUNDS 990 16,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ajf Property Services Ltd (Registered number: 03344667)

Balance Sheet - continued
31 March 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2024 and were signed by:





A J J Francis - Director


Ajf Property Services Ltd (Registered number: 03344667)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

Ajf Property Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
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 supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Ajf Property Services Ltd (Registered number: 03344667)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Cash and cash equivalents
Cash and cash equivalents comprise bank balances and cash on hand. These are carried in the balance sheet at face value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

Provisions for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

Ajf Property Services Ltd (Registered number: 03344667)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 March 2024 27,981
DEPRECIATION
At 1 January 2023 22,812
Charge for period 1,615
At 31 March 2024 24,427
NET BOOK VALUE
At 31 March 2024 3,554
At 31 December 2022 5,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Other debtors - 23,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Other creditors 5,564 12,981

7. RELATED PARTY DISCLOSURES

As at the balance sheet date £3,763 (2022: £12,059) was owed to key management personnel and included in other creditors falling due within one year. The loans are interest free and repayable on demand.