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Company Registration No. 11811438 (England and Wales)
AJN Lifestyle Limited Unaudited accounts for the period from 1 March 2023 to 28 February 2024
AJN Lifestyle Limited Unaudited accounts Contents
Page
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AJN Lifestyle Limited Company Information for the period from 1 March 2023 to 28 February 2024
Director
Ms A Newman
Company Number
11811438 (England and Wales)
Registered Office
Rose Hill Lodge Erbistock Wrexham LL13 0DR Wales
Accountants
Tim Dean T/A TFD Accountancy Coed y Glyn Uchaf Glyn Ceiriog Llangollen Wrexham LL20 7NP
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AJN Lifestyle Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
125 
187 
Current assets
Inventories
13,960 
6,777 
Cash at bank and in hand
3,156 
5,480 
17,116 
12,257 
Creditors: amounts falling due within one year
(15,630)
(16,960)
Net current assets/(liabilities)
1,486 
(4,703)
Net assets/(liabilities)
1,611 
(4,516)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,610 
(4,517)
Shareholders' funds
1,611 
(4,516)
For the period ending 28 February 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 director acknowledges her 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Ms A Newman Director Company Registration No. 11811438
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AJN Lifestyle Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
AJN Lifestyle Limited is a private company, limited by shares, registered in England and Wales, registration number 11811438. The registered office is Rose Hill Lodge, Erbistock, Wrexham, LL13 0DR, Wales.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Computer equipment
33% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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AJN Lifestyle Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
416 
At 28 February 2024
416 
Depreciation
At 1 March 2023
229 
Charge for the period
62 
At 28 February 2024
291 
Net book value
At 28 February 2024
125 
At 28 February 2023
187 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
318 
- 
Loans from directors
14,737 
16,108 
Accruals
575 
852 
15,630 
16,960 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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