IRIS Accounts Production v24.2.0.383 11066729 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110667292022-10-31110667292023-10-31110667292022-11-012023-10-31110667292021-11-30110667292021-12-012022-10-31110667292022-10-3111066729ns15:EnglandWales2022-11-012023-10-3111066729ns14:PoundSterling2022-11-012023-10-3111066729ns10:Director12022-11-012023-10-3111066729ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111066729ns10:SmallEntities2022-11-012023-10-3111066729ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111066729ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111066729ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111066729ns10:FullAccounts2022-11-012023-10-3111066729ns10:OrdinaryShareClass12022-11-012023-10-3111066729ns10:Director22022-11-012023-10-3111066729ns10:RegisteredOffice2022-11-012023-10-3111066729ns5:CurrentFinancialInstruments2023-10-3111066729ns5:CurrentFinancialInstruments2022-10-3111066729ns5:Non-currentFinancialInstruments2023-10-3111066729ns5:Non-currentFinancialInstruments2022-10-3111066729ns5:ShareCapital2023-10-3111066729ns5:ShareCapital2022-10-3111066729ns5:RevaluationReserve2023-10-3111066729ns5:RevaluationReserve2022-10-3111066729ns5:RetainedEarningsAccumulatedLosses2023-10-3111066729ns5:RetainedEarningsAccumulatedLosses2022-10-3111066729ns5:PlantMachinery2022-11-012023-10-3111066729ns5:LandBuildings2022-10-3111066729ns5:PlantMachinery2022-10-3111066729ns5:LandBuildings2022-11-012023-10-3111066729ns5:LandBuildings2023-10-3111066729ns5:PlantMachinery2023-10-3111066729ns5:LandBuildings2022-10-3111066729ns5:PlantMachinery2022-10-3111066729ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3111066729ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3111066729ns10:OrdinaryShareClass12023-10-3111066729ns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: 11066729 (England and Wales)


Financial Statements for the Year Ended 31 October 2023

for

AJH Business (UK) Ltd

AJH Business (UK) Ltd (Registered number: 11066729)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AJH Business (UK) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Guraman Singh Gora
Mr Jarnail Jorawar Gora





REGISTERED OFFICE: 26 High Street
Brockmoor
Brierley Hill
West Midlands
DY5 3JA





REGISTERED NUMBER: 11066729 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

AJH Business (UK) Ltd (Registered number: 11066729)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,722,889 2,598,334

CURRENT ASSETS
Debtors 5 1,442,581 1,382,838
Cash at bank and in hand 14,069 103,427
1,456,650 1,486,265
CREDITORS
Amounts falling due within one year 6 29,084 39,865
NET CURRENT ASSETS 1,427,566 1,446,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,150,455

4,044,734

CREDITORS
Amounts falling due after more than one
year

7

(4,030,043

)

(3,002,432

)

PROVISIONS FOR LIABILITIES (137,750 ) (137,750 )
NET ASSETS 982,662 904,552

CAPITAL AND RESERVES
Called up share capital 8 3 3
Revaluation reserve 9 725,000 725,000
Retained earnings 257,659 179,549
SHAREHOLDERS' FUNDS 982,662 904,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AJH Business (UK) Ltd (Registered number: 11066729)

Statement of Financial Position - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr Guraman Singh Gora - Director


AJH Business (UK) Ltd (Registered number: 11066729)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

AJH Business (UK) Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

Taxation
current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred Tax
Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements, except that:
- unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider that it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

AJH Business (UK) Ltd (Registered number: 11066729)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 2,558,405 47,570 2,605,975
Additions 1,130,545 - 1,130,545
At 31 October 2023 3,688,950 47,570 3,736,520
DEPRECIATION
At 1 November 2022 - 7,641 7,641
Charge for year - 5,990 5,990
At 31 October 2023 - 13,631 13,631
NET BOOK VALUE
At 31 October 2023 3,688,950 33,939 3,722,889
At 31 October 2022 2,558,405 39,929 2,598,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,442,581 1,382,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 27,351 37,397
Other creditors 1,733 2,468
29,084 39,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,675,372 802,754
Hire purchase contracts 34,961 43,878
Other creditors 2,319,710 2,155,800
4,030,043 3,002,432

AJH Business (UK) Ltd (Registered number: 11066729)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
3 Ordinary £1 3 3

9. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 725,000