62 54 AJ Entertainment Limited NI622545 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is public house and bar Digita Accounts Production Advanced 6.30.9574.0 true NI622545 2023-02-01 2024-01-31 NI622545 2024-01-31 NI622545 core:CurrentFinancialInstruments 2024-01-31 NI622545 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI622545 core:Non-currentFinancialInstruments 2024-01-31 NI622545 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 NI622545 core:FurnitureFittingsToolsEquipment 2024-01-31 NI622545 core:LandBuildings 2024-01-31 NI622545 core:OtherPropertyPlantEquipment 2024-01-31 NI622545 1 2024-01-31 NI622545 bus:SmallEntities 2023-02-01 2024-01-31 NI622545 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI622545 bus:FilletedAccounts 2023-02-01 2024-01-31 NI622545 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI622545 bus:RegisteredOffice 2023-02-01 2024-01-31 NI622545 bus:Director1 2023-02-01 2024-01-31 NI622545 bus:Director2 2023-02-01 2024-01-31 NI622545 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI622545 core:FurnitureFittings 2023-02-01 2024-01-31 NI622545 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI622545 core:LandBuildings 2023-02-01 2024-01-31 NI622545 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 NI622545 core:PlantMachinery 2023-02-01 2024-01-31 NI622545 countries:NorthernIreland 2023-02-01 2024-01-31 NI622545 1 2023-02-01 2024-01-31 NI622545 2023-01-31 NI622545 core:FurnitureFittingsToolsEquipment 2023-01-31 NI622545 core:LandBuildings 2023-01-31 NI622545 core:OtherPropertyPlantEquipment 2023-01-31 NI622545 1 2023-01-31 NI622545 2022-02-01 2023-01-31 NI622545 2023-01-31 NI622545 core:CurrentFinancialInstruments 2023-01-31 NI622545 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 NI622545 core:Non-currentFinancialInstruments 2023-01-31 NI622545 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 NI622545 core:FurnitureFittingsToolsEquipment 2023-01-31 NI622545 core:LandBuildings 2023-01-31 NI622545 core:OtherPropertyPlantEquipment 2023-01-31 NI622545 1 2023-01-31 NI622545 1 2022-02-01 2023-01-31 NI622545 1 2022-01-31 xbrli:pure iso4217:GBP

Registration number: NI622545

AJ Entertainment Limited

Filleted Financial Statements

for the Year Ended 31 January 2024

 

AJ Entertainment Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

AJ Entertainment Limited

Company Information

Directors

Julie-Anne Murphy

Angela Murphy

Registered office

3 Bulls Eye Park
Downpatrick
Co Down
BT30 6RX

 

AJ Entertainment Limited

(Registration number: NI622545)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

302,945

269,110

Current assets

 

Stocks

5

30,000

30,000

Cash at bank and in hand

 

100,736

231,989

 

130,736

261,989

Creditors: Amounts falling due within one year

6

(160,402)

(192,864)

Net current (liabilities)/assets

 

(29,666)

69,125

Total assets less current liabilities

 

273,279

338,235

Creditors: Amounts falling due after more than one year

6

(38,705)

(65,051)

Net assets

 

234,574

273,184

Capital and reserves

 

Called up share capital

9

10

10

Retained earnings

234,564

273,174

Shareholders' funds

 

234,574

273,184

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

AJ Entertainment Limited

(Registration number: NI622545)
Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 10 December 2024 and signed on its behalf by:
 

.........................................
Julie-Anne Murphy
Director

.........................................
Angela Murphy
Director

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
3 Bulls Eye Park
Downpatrick
Co Down
BT30 6RX

These financial statements were authorised for issue by the Board on 10 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and Fittings

25% reducing balance

Plant and Machinery

20% reducing balance

Land and Buildings

2% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 62 (2023 - 54).

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

250,000

56,092

22,895

328,987

Additions

-

50,594

10,545

61,139

At 31 January 2024

250,000

106,686

33,440

390,126

Depreciation

At 1 February 2023

14,400

39,223

6,254

59,877

Charge for the year

5,000

16,866

5,438

27,304

At 31 January 2024

19,400

56,089

11,692

87,181

Carrying amount

At 31 January 2024

230,600

50,597

21,748

302,945

At 31 January 2023

235,600

16,869

16,641

269,110

Included within the net book value of land and buildings above is £230,600 (2023 - £235,600) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

30,000

30,000

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

57,911

46,352

Trade creditors

 

61,546

74,184

Taxation and social security

 

38,195

66,953

Accruals and deferred income

 

2,750

5,375

 

160,402

192,864

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

38,705

65,051

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,962

24,108

Other borrowings

21,743

40,943

38,705

65,051

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,644

10,644

Other borrowings

47,267

35,708

57,911

46,352

 

AJ Entertainment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Directors' loan account

(9,705)

(11,561)

(21,266)

 

2023

At 1 February 2022
£

At 31 January 2023
£

Directors' loan account

(9,705)

(9,705)

 

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

10

10

10

10