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Company Registration No. 01817863 (England and Wales)
A & J Sectional Buildings Limited Unaudited accounts for the year ended 31 January 2024
A & J Sectional Buildings Limited Unaudited accounts Contents
Page
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A & J Sectional Buildings Limited Company Information for the year ended 31 January 2024
Directors
John Walter Souster Jordan Peter Souster
Secretary
Amy Louise Russell
Company Number
01817863 (England and Wales)
Registered Office
Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ England
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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A & J Sectional Buildings Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,367,029 
1,171,750 
Current assets
Inventories
330,350 
335,143 
Debtors
213,317 
150,821 
Cash at bank and in hand
271,145 
180,329 
814,812 
666,293 
Creditors: amounts falling due within one year
(1,086,924)
(576,511)
Net current (liabilities)/assets
(272,112)
89,782 
Total assets less current liabilities
1,094,917 
1,261,532 
Creditors: amounts falling due after more than one year
(198,482)
(125,005)
Provisions for liabilities
Deferred tax
(68,096)
(105,335)
Net assets
828,339 
1,031,192 
Capital and reserves
Called up share capital
16,750 
16,750 
Revaluation reserve
424,972 
425,870 
Capital redemption reserve
3,250 
3,250 
Profit and loss account
383,367 
585,322 
Shareholders' funds
828,339 
1,031,192 
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 25 November 2024 and were signed on its behalf by
Jordan Peter Souster Director Company Registration No. 01817863
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A & J Sectional Buildings Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
A & J Sectional Buildings Limited is a private company, limited by shares, registered in England and Wales, registration number 01817863. The registered office is Timsons Business Centre, Bath Road, Kettering, Northamptonshire, NN16 8NQ, England. The principal place of business is A & J Sectional Buildings Ltd, 11-13 Edmonds Close, Denington Industrial Estate, Wellingborough, Northamptonshire, NN8 2QY, England.
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 Pound 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:
Land & buildings
Land - Nil , Buildings - 2% on cost
Plant & machinery
25% on cost
Motor vehicles
20% on cost
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.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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A & J Sectional Buildings Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets and hire purchase
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The Directors have confirmed that they will continue to give financial support to the company until such time as its position improves. The Directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support was withdrawn.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,166,950 
618,431 
- 
1,785,381 
Additions
- 
261,654 
45,342 
306,996 
Disposals
- 
(273,311)
- 
(273,311)
At 31 January 2024
1,166,950 
606,774 
45,342 
1,819,066 
Depreciation
At 1 February 2023
36,171 
577,460 
- 
613,631 
Charge for the year
14,647 
57,802 
9,068 
81,517 
On disposals
- 
(243,111)
- 
(243,111)
At 31 January 2024
50,818 
392,151 
9,068 
452,037 
Net book value
At 31 January 2024
1,116,132 
214,623 
36,274 
1,367,029 
At 31 January 2023
1,130,779 
40,971 
- 
1,171,750 
Land and buildings with a carrying amount of 1,116,132 were revalued at 2 November 2020 by Underwoods LLP on the basis of market value.
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
197,323 
- 
- Motor vehicles
36,274 
- 
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A & J Sectional Buildings Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,863 
107,653 
Accrued income and prepayments
10,506 
12,851 
Other debtors
33,547 
30,317 
53,916 
150,821 
Amounts falling due after more than one year
Other debtors
159,401 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
370,999 
61,000 
VAT
120,921 
- 
Obligations under finance leases and hire purchase contracts
85,760 
7,458 
Trade creditors
204,749 
284,334 
Taxes and social security
250,841 
173,566 
Other creditors
21,816 
32,123 
Accruals
31,838 
18,030 
1,086,924 
576,511 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,436 
88,586 
Obligations under finance leases and hire purchase contracts
164,046 
36,419 
198,482 
125,005 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,603 
26,325 
Later than one year and not later than five years
96,476 
100,254 
119,079 
126,579 
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A & J Sectional Buildings Limited Notes to the Accounts for the year ended 31 January 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Walter Souster
Advances and repayments throughout the period
16,297 
- 
6,000 
10,297 
Jordan Peter Souster
Advances and repayments throughout the period
6,000 
7,400 
7,000 
6,400 
22,297 
7,400 
13,000 
16,697 
10
Transactions with related parties
During the year, total dividends of 63,200 (2023: 60,000) were paid to the Director, Mr John Walter Souster.
11
Average number of employees
During the year the average number of employees was 55 (2023: 65).
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