Registered number
12404721
AJM Brothers Limited
Filleted Accounts
31 January 2024
AJM Brothers Limited
Registered number: 12404721
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 500 1,000
Current assets
Stocks 8,890 3,260
Debtors 4 - 1,202
Cash at bank and in hand 483 9,162
9,373 13,624
Creditors: amounts falling due within one year 5 (48,774) (19,561)
Net current liabilities (39,401) (5,937)
Total assets less current liabilities (38,901) (4,937)
Creditors: amounts falling due after more than one year 6 (2,250) (6,055)
Net liabilities (41,151) (10,992)
Capital and reserves
Called up share capital 100 100
Profit and loss account (41,251) (11,092)
Shareholder's funds (41,151) (10,992)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abu Jafor Mohammed Babor
Director
Approved by the board on 21 October 2024
AJM Brothers Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle over 4 years - straightline
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 2,000
At 31 January 2024 2,000
Depreciation
At 1 February 2023 1,000
Charge for the year 500
At 31 January 2024 1,500
Net book value
At 31 January 2024 500
At 31 January 2023 1,000
4 Debtors 2024 2023
£ £
Trade debtors - 1,202
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,486 -
Taxation and social security costs 31,586 19,560
Other creditors 12,702 1
48,774 19,561
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,250 6,055
7 Other information
AJM Brothers Limited is a private company limited by shares and incorporated in England. Its registered office is:
55 High Street
Studley
England
B80 7HN
Abu Jafor Mohammed Babor is the sole director and 100% shareholder.
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