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REGISTERED NUMBER: SC467005 (Scotland)


















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ASJ VENTURES LTD

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


ASJ VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs A Mason





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC467005 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JANUARY 2024


The director presents her report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Utility and Civil Engineering Contractor.

The company remains committed to building its reputation within the utility industry through high service and quality standards which has enabled us to gain a strong market position within Scotland.

In the future we are looking to grow our core strengths and increase our market coverage.

Working mainly with public sector entities and carefully selected private companies, ASJ Ventures Ltd have a strong forward order book going into the new year.

DIRECTOR
Mrs A Mason held office during the whole of the period from 1 February 2023 to the date of this report.

INVESTMENT
The company have invested heavily in training and shall continue in the coming years to keep our staff at the forefront of the utility industry.

Continued investment allows the company to compete as Principal Contractors.

In the coming year we shall now look to enter different market sectors and enhancing core abilities and deliverables.

HEALTH SAFETY ENVIRONMENT AND QUALITY
The company continues to maintain and build on its excellent HSEQ.

The company has continued to maintain its IMS including its health and safety accreditation.

The company is also registered as a caring employer for mental health.

These IMS, policies and procedures set the standards which make ASJ Ventures Limited a preferred contractor within the utility industry.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs A Mason - Director


22 October 2024

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   

TURNOVER 178,650 136,358

Cost of sales 142,421 77,853
GROSS PROFIT 36,229 58,505

Distribution costs - 60
Administrative expenses 41,953 54,385
41,953 54,445
OPERATING (LOSS)/PROFIT 4 (5,724 ) 4,060


Interest payable and similar expenses - 1,623
(LOSS)/PROFIT BEFORE TAXATION (5,724 ) 2,437

Tax on (loss)/profit - 1,815
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(5,724

)

622

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,749 23,003

CURRENT ASSETS
Stocks 11,339 9,650
Debtors 6 150,891 33,854
Cash at bank and in hand 160 15,040
162,390 58,544
CREDITORS
Amounts falling due within one year 7 156,781 47,578
NET CURRENT ASSETS 5,609 10,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,358

33,969

CREDITORS
Amounts falling due after more than one
year

8

25,001

25,888
NET ASSETS 2,357 8,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,257 7,981
SHAREHOLDERS' FUNDS 2,357 8,081

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 director acknowledges her 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.

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Mrs A Mason - Director


ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

ASJ Ventures Ltd is a private company, limited by shares , registered in Scotland. 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
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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

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

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31/1/24 31/1/23
£    £   
Depreciation - owned assets 7,249 7,668

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 31,990
Additions 5,995
At 31 January 2024 37,985
DEPRECIATION
At 1 February 2023 8,987
Charge for year 7,249
At 31 January 2024 16,236
NET BOOK VALUE
At 31 January 2024 21,749
At 31 January 2023 23,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 30,411 30,411
Other debtors 120,480 3,443
150,891 33,854

ASJ VENTURES LTD (REGISTERED NUMBER: SC467005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts - 9,761
Trade creditors 39,303 25,034
Taxation and social security (57 ) 1,815
Other creditors 117,535 10,968
156,781 47,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 25,001 25,888

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,001 -