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Company No: 08213704 (England and Wales)

AJS FINANCIAL PLANNING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

AJS FINANCIAL PLANNING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

AJS FINANCIAL PLANNING LIMITED

BALANCE SHEET

As at 30 September 2024
AJS FINANCIAL PLANNING LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,933 0
1,933 0
Current assets
Cash at bank and in hand 35,912 43,405
35,912 43,405
Creditors: amounts falling due within one year 4 ( 14,034) ( 28,241)
Net current assets 21,878 15,164
Total assets less current liabilities 23,811 15,164
Net assets 23,811 15,164
Capital and reserves
Called-up share capital 1 1
Profit and loss account 23,810 15,163
Total shareholder's funds 23,811 15,164

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of AJS FINANCIAL PLANNING LIMITED (registered number: 08213704) were approved and authorised for issue by the Director on 03 February 2025. They were signed on its behalf by:

A J Sexton
Director
AJS FINANCIAL PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
AJS FINANCIAL PLANNING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

AJS FINANCIAL PLANNING LIMITED (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, 2-8 Parkstone Road, Poole, BH15 2PW, 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 trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line

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

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 October 2023 0 3,495 3,495
Additions 2,209 0 2,209
At 30 September 2024 2,209 3,495 5,704
Accumulated depreciation
At 01 October 2023 0 3,495 3,495
Charge for the financial year 276 0 276
At 30 September 2024 276 3,495 3,771
Net book value
At 30 September 2024 1,933 0 1,933
At 30 September 2023 0 0 0

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,974 9,447
Corporation tax 6,384 10,386
Other creditors 1,676 8,408
14,034 28,241