Silverfin false false 31/03/2024 01/04/2023 31/03/2024 A J Mason 05/03/2012 29 October 2024 The principal activity of the Company during the financial year was that of IT consultancy. 07974862 2024-03-31 07974862 bus:Director1 2024-03-31 07974862 2023-03-31 07974862 core:CurrentFinancialInstruments 2024-03-31 07974862 core:CurrentFinancialInstruments 2023-03-31 07974862 core:ShareCapital 2024-03-31 07974862 core:ShareCapital 2023-03-31 07974862 core:RetainedEarningsAccumulatedLosses 2024-03-31 07974862 core:RetainedEarningsAccumulatedLosses 2023-03-31 07974862 core:OfficeEquipment 2023-03-31 07974862 core:OfficeEquipment 2024-03-31 07974862 2023-04-01 2024-03-31 07974862 bus:FilletedAccounts 2023-04-01 2024-03-31 07974862 bus:SmallEntities 2023-04-01 2024-03-31 07974862 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07974862 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07974862 bus:Director1 2023-04-01 2024-03-31 07974862 core:OfficeEquipment 2023-04-01 2024-03-31 07974862 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 07974862 (England and Wales)

AJM IT SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

AJM IT SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

AJM IT SOLUTIONS LTD

BALANCE SHEET

As at 31 March 2024
AJM IT SOLUTIONS LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 379 142
379 142
Current assets
Debtors 4 13,850 12,672
Cash at bank and in hand 45,560 44,979
59,410 57,651
Creditors: amounts falling due within one year 5 ( 29,996) ( 27,368)
Net current assets 29,414 30,283
Total assets less current liabilities 29,793 30,425
Net assets 29,793 30,425
Capital and reserves
Called-up share capital 100 100
Profit and loss account 29,693 30,325
Total shareholder's funds 29,793 30,425

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of AJM IT Solutions Ltd (registered number: 07974862) were approved and authorised for issue by the Director on 29 October 2024. They were signed on its behalf by:

A J Mason
Director
AJM IT SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
AJM IT SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AJM IT Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, Poole, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2023 3,611 3,611
Additions 345 345
At 31 March 2024 3,956 3,956
Accumulated depreciation
At 01 April 2023 3,469 3,469
Charge for the financial year 108 108
At 31 March 2024 3,577 3,577
Net book value
At 31 March 2024 379 379
At 31 March 2023 142 142

4. Debtors

2024 2023
£ £
Trade debtors 11,520 12,672
Other debtors 2,330 0
13,850 12,672

5. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 20,237 17,445
Other taxation and social security 8,107 7,704
Other creditors 1,652 2,219
29,996 27,368

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Key management 2,330 0

No interest has been charged on overdrawn loan amount