AJS BULK SERVICES LIMITED

Company Registration Number:
06933003 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

AJS BULK SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

AJS BULK SERVICES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 90,833 0
Tangible assets: 4 440,409 215,877
Total fixed assets: 531,242 215,877
Current assets
Stocks: 7,000 7,000
Debtors:   782,351 206,693
Cash at bank and in hand: 18,892 229,569
Total current assets: 808,243 443,262
Creditors: amounts falling due within one year:   (510,143) (299,459)
Net current assets (liabilities): 298,100 143,803
Total assets less current liabilities: 829,342 359,680
Creditors: amounts falling due after more than one year:   (273,842) (25,782)
Provision for liabilities: (17,220) (8,299)
Total net assets (liabilities): 538,280 325,599
Capital and reserves
Called up share capital: 3 3
Revaluation reserve:5268,4800
Profit and loss account: 269,797 325,596
Shareholders funds: 538,280 325,599

The notes form part of these financial statements

AJS BULK SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Mr John Iddon
Status: Director

The notes form part of these financial statements

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total cost. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 10% straight line basis. Motor vehicles 10-25% straight line basis. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Intangible fixed assets and amortisation policy

Are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 10 years straight line

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 10 13

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 10,000
Revaluations 100,000
At 31 December 2023 110,000
Amortisation
At 01 January 2023 10,000
Charge for year 9,167
At 31 December 2023 19,167
Net book value
At 31 December 2023 90,833
At 31 December 2022 0

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,074,119
Additions 169,544
Disposals (70,822)
Revaluations 168,480
At 31 December 2023 1,341,321
Depreciation
At 01 January 2023 858,242
Charge for year 103,492
On disposals (60,822)
At 31 December 2023 900,912
Net book value
At 31 December 2023 440,409
At 31 December 2022 215,877

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 0
Surplus or deficit after revaluation 268,480
Balance at 31 December 2023 268,480

AJS BULK SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party: John Iddon Transport Ltd
Relationship:
Shareholder
Description of the Transaction: The director of the company is also the director of John Iddon Transport Ltd, which is the sole shareholder of the company shares. The company is owed £495,000 by John Iddon Transport Ltd as at 31 December 2023.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 495,000