Company Registration No. 8844329 (England and Wales)
A J & MICHAELS LIMITED
Unaudited accounts
for the year ended 31 January 2024
A J & MICHAELS LIMITED
Unaudited accounts
Contents
A J & MICHAELS LIMITED
Company Information
for the year ended 31 January 2024
Director
Ikechi Micheal Ajoku
Company Number
8844329 (England and Wales)
Registered Office
7 SCHOOL END CRESCENT
HEMEL HEMPSTEAD
HERTFORDSHIRE
HP1 2DZ
UNITED KINGDOM
Accountants
Faxon Consulting Ltd
85 Great Portland Street
London
W1W 7LT
A J & MICHAELS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
24,515
31,277
Cash at bank and in hand
78,817
54,226
Creditors: amounts falling due within one year
(51,958)
(20,958)
Net current assets
68,716
53,747
Total assets less current liabilities
93,231
85,024
Creditors: amounts falling due after more than one year
(43,021)
(52,077)
Called up share capital
1
1
Profit and loss account
50,209
32,946
Shareholders' funds
50,210
32,947
For the year ending 31 January 2024 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 8 July 2024 and were signed on its behalf by
Ikechi Micheal Ajoku
Director
Company Registration No. 8844329
A J & MICHAELS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
A J & MICHAELS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8844329. The registered office is 7 SCHOOL END CRESCENT, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP1 2DZ, UNITED KINGDOM.
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.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
44,536
6,624
9,411
60,571
At 31 January 2024
44,536
6,624
9,411
60,571
At 1 February 2023
17,488
2,609
9,197
29,294
Charge for the year
6,762
-
-
6,762
At 31 January 2024
24,250
2,609
9,197
36,056
At 31 January 2024
20,286
4,015
214
24,515
At 31 January 2023
27,048
4,015
214
31,277
A J & MICHAELS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
38,142
17,262
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
25,899
6,745
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,615
34,462
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).