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Company Registration No. SC555760 (Scotland)
AASJYO LIMITED Unaudited accounts for the year ended 31 January 2024
AASJYO LIMITED Unaudited accounts Contents
Page
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AASJYO LIMITED Company Information for the year ended 31 January 2024
Directors
Venkata Siva Ramakrishna Madhu Aaslesha Videm
Company Number
SC555760 (Scotland)
Registered Office
64 PHILIP AVENUE BATHGATE EH48 1NG SCOTLAND
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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Accountants' report to the board of directors on the preparation of the unaudited statutory statements of AASJYO LIMITED (The Company) for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 January 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 January 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Avid Accountants Ltd Financial Accountants 21 Blythswood Square Glasgow G2 4BL 31 October 2024
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AASJYO LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,750 
10,500 
Tangible assets
9,864 
40 
Investments
45,000 
68,000 
64,614 
78,540 
Current assets
Inventories
42,700 
37,338 
Cash at bank and in hand
1,266 
- 
43,966 
37,338 
Creditors: amounts falling due within one year
(35,107)
(102,797)
Net current assets/(liabilities)
8,859 
(65,459)
Total assets less current liabilities
73,473 
13,081 
Creditors: amounts falling due after more than one year
(86,032)
(25,833)
Net liabilities
(12,559)
(12,752)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(12,561)
(12,754)
Shareholders' funds
(12,559)
(12,752)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Venkata Siva Ramakrishna Madhu Director Company Registration No. SC555760
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AASJYO LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AASJYO LIMITED is a private company, limited by shares, registered in Scotland, registration number SC555760. The registered office is 64 PHILIP AVENUE, BATHGATE, EH48 1NG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation at 5%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
15,000 
At 31 January 2024
15,000 
Amortisation
At 1 February 2023
4,500 
Charge for the year
750 
At 31 January 2024
5,250 
Net book value
At 31 January 2024
9,750 
At 31 January 2023
10,500 
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AASJYO LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
11,820 
- 
3,500 
15,320 
Additions
- 
10,383 
- 
10,383 
At 31 January 2024
11,820 
10,383 
3,500 
25,703 
Depreciation
At 1 February 2023
11,780 
- 
3,500 
15,280 
Charge for the year
40 
519 
- 
559 
At 31 January 2024
11,820 
519 
3,500 
15,839 
Net book value
At 31 January 2024
- 
9,864 
- 
9,864 
At 31 January 2023
40 
- 
- 
40 
6
Investments
Other investments 
£ 
Valuation at 1 February 2023
68,000 
Disposals
(23,000)
Valuation at 31 January 2024
45,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
1,126 
1,029 
Trade creditors
13,921 
12,960 
Taxes and social security
2,676 
3,157 
Other creditors
5,684 
4,152 
Loans from directors
- 
70,199 
Accruals
1,700 
1,300 
35,107 
102,797 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,833 
25,833 
Loans from directors
70,199 
- 
86,032 
25,833 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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