AJG Software Ltd |
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Notes to the Accounts |
for the period from 23 February 2023 to 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods and services are recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
33.33% straight line |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
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31st March |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Tangible fixed assets |
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Plant and machinery |
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£ |
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Cost |
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Additions |
2,873 |
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At 31 March 2024 |
2,873 |
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Depreciation |
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Charge for the period |
414 |
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At 31 March 2024 |
414 |
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Net book value |
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At 31 March 2024 |
2,459 |
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31st March |
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4 |
Debtors |
2024 |
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£ |
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Trade debtors |
21,669 |
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5 |
Creditors: amounts falling due within one year |
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Other taxation and social security costs |
27,307 |
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Accruals |
17,100 |
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44,407 |
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6 |
Other information |
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AJG Software Ltd is a private company limited by shares and incorporated in England. The registered office is: |
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15 Newton Park View |
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Chester |
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CH2 2DL |