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REGISTERED NUMBER: 11180505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

AJMS Consultants Limited

AJMS Consultants Limited (Registered number: 11180505)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AJMS Consultants Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M O'Halloran
A Byrne
S Ward
J F Jeffers





REGISTERED OFFICE: 3 Park Square East
Leeds
LS1 2NE





REGISTERED NUMBER: 11180505 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

AJMS Consultants Limited (Registered number: 11180505)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,948 16,523

CURRENT ASSETS
Debtors 5 1,124,391 935,191
Cash at bank 511,095 898,752
1,635,486 1,833,943
CREDITORS
Amounts falling due within one year 6 257,466 434,811
NET CURRENT ASSETS 1,378,020 1,399,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,393,968

1,415,655

PROVISIONS FOR LIABILITIES 7 3,842 4,131
NET ASSETS 1,390,126 1,411,524

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 1,389,126 1,410,524
SHAREHOLDERS' FUNDS 1,390,126 1,411,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 14 October 2024 and were signed on its behalf by:



A Byrne - Director


AJMS Consultants Limited (Registered number: 11180505)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

AJMS Consultants Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover 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.
Furniture and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 19 ) .

AJMS Consultants Limited (Registered number: 11180505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Furniture
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 3,223 46,977 50,200
Additions 3,074 6,587 9,661
At 31 January 2024 6,297 53,564 59,861
DEPRECIATION
At 1 February 2023 2,147 31,530 33,677
Charge for year 1,210 9,026 10,236
At 31 January 2024 3,357 40,556 43,913
NET BOOK VALUE
At 31 January 2024 2,940 13,008 15,948
At 31 January 2023 1,076 15,447 16,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 117,661 108,839
Amounts owed by group undertakings 808,030 521,589
Sundry debtors and prepayments 198,700 304,763
1,124,391 935,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 45,969 72,884
Amounts owed to group undertakings - 13,291
Tax 62,529 129,180
Social security and other taxes 72,685 125,757
Accrued expenses 76,283 93,699
257,466 434,811

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 3,842 4,131

AJMS Consultants Limited (Registered number: 11180505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 4,131
Charge to the income statement (289 )
during the year
Balance at 31 January 2024 3,842

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
996 Ordinary A £1 996 996
4 Ordinary B,C,D and E £1 4 4
1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 February 2023 1,410,524
Profit for the year 443,602
Dividends (465,000 )
At 31 January 2024 1,389,126

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of AJMS Group Limited.

During the year, total dividends of £465,000 (2023: £460,000) were paid to AJMS Group Limited. At the year end, AJMS Group Limited owed the company £806,504 (2022: £521,589).

AJMS Ireland is also a wholly owned subsidiary of AJMS Group Limited.

At the year end, AJMS Ireland Ltd owed the company £1,526 (2022: the company owed AJMS Ireland Ltd £13,291).

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its parent company AJMS Group Limited.