A J AUTOS (MK) LIMITED

Company Registration Number:
06948164 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

A J AUTOS (MK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes

A J AUTOS (MK) LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 689 1,376
Total fixed assets: 689 1,376
Current assets
Stocks: 4 2,800 1,400
Debtors: 5 131,010 7,080
Cash at bank and in hand: 477,978 512,087
Total current assets: 611,788 520,567
Creditors: amounts falling due within one year: 6 ( 93,966 ) ( 73,383 )
Net current assets (liabilities): 517,822 447,184
Total assets less current liabilities: 518,511 448,560
Total net assets (liabilities): 518,511 448,560
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 517,511 447,560
Total Shareholders' funds: 518,511 448,560

The notes form part of these financial statements

A J AUTOS (MK) LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: Ajay Mattu
Status: Director

The notes form part of these financial statements

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line Motor vehicles - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Other accounting policies

    Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Financial instruments The Company only enters into basic financial instrument transactions like trade and other debtors creditors. Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 3

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 1,912 5,233 7,145
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 1,912 5,233 7,145
Depreciation
At 1 July 2023 1,912 3,857 5,769
Charge for year 687 687
On disposals
Other adjustments
At 30 June 2024 1,912 4,544 6,456
Net book value
At 30 June 2024 0 689 689
At 30 June 2023 0 1,376 1,376

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Stocks

2024 2023
£ £
Stocks 2,800 1,400
Total 2,800 1,400

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024 2023
£ £
Trade debtors 2,081 3,306
Other debtors 128,929 3,774
Total 131,010 7,080

A J AUTOS (MK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 18,613 20,560
Taxation and social security 55,426 37,295
Other creditors 19,927 15,528
Total 93,966 73,383