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Registered Number: 14596203
England and Wales

 

 

 

ASJCON LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 16 January 2023

End date: 31 January 2024
Director CONNOLLY Michael
Registered Number 14596203
Registered Office FLAT 18 BEAMISH HOUSE
RENNIE ESTATE
LONDON
SE16 3PL
Accountants Cocke, Vellacott & Hill
Chartered Accountants
Unit 28 City Business Centre
Lower Road
LONDON
SE16 2XB
Bankers Barclays Bank UK PLC
1 Churchill Place
London
E14 5HP

1
Director's report and financial statements
The director presents report and unaudited accounts for the period ended 31 January 2024.
Principal activities
The principal activity of the company during the financial period was that of transportation services. 
Director
The director who served the company throughout the period was as follows:
CONNOLLY Michael
Audit exemption
ASJCON LIMITED has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Small company regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.

On behalf of the board.


----------------------------------
CONNOLLY Michael
Director

Date approved: 23 September 2024
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 32,678 
32,678 
Current assets    
Debtors 4 13,328 
Cash at bank and in hand 3,073 
16,401 
Creditors: amount falling due within one year 5 (41,339)
Net current assets (24,938)
 
Total assets less current liabilities 7,740 
Net assets 7,740 
 

Capital and reserves
   
Called up share capital 6 1 
Profit and loss account 7,739 
Shareholders' funds 7,740 
 


For the period ended 31 January 2024 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 period 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 23 September 2024 and were signed by:


-------------------------------
CONNOLLY Michael
Director
3
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 16 January 2023
Profit for the period 7,739  7,739 
Total comprehensive income for the period 7,739  7,739 
Shares issued 1 
Total investments by and distributions to owners 1 
At 31 January 2024 1  7,739  7,740 
4
General Information
ASJCON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14596203, registration address FLAT 18 BEAMISH HOUSE, RENNIE ESTATE , LONDON, SE16 3PL.

The presentation currency is £ sterling.


These are the company's first financial statements for the period from incorporation on 16 January 2023 to 31 January 2024. 
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered by the company, net of Value Added Tax and trade discounts.
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.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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:
Motor Vehicles 20 Reducing Balance
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 3 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. Assets on finance leases are depreciated over the shorter of the lease term and their estimated expected useful lives and those on hire purchase contracts are depreciated over their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

The company was administered by it's director during the period who did not receive any remuneration. The average number of employees includes the director. 

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 16 January 2023      
Additions 33,000    203    1,402    34,605 
Disposals      
At 31 January 2024 33,000    203    1,402    34,605 
Depreciation
At 16 January 2023      
Charge for period 1,828    6    93    1,927 
On disposals      
At 31 January 2024 1,828    6    93    1,927 
Net book values
Closing balance as at 31 January 2024 31,172    197    1,309    32,678 
Opening balance as at 16 January 2023      


4.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 6,915 
Prepayments & Accrued Income 1,450 
Accrued Income 3,350 
VAT 1,613 
13,328 

5.

Creditors: amount falling due within one year

2024
£
Trade Creditors 7,092 
Accrued Expenses 3,545 
Advance Paid (500)
Obligations under HP/Financial Leases 26,720 
Credit card control (44)
Directors' Current Accounts 4,526 
41,339 
The hire purchase agreements are secured on the assets concerned. 

6.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

5