PTP Accounts Production v24.3.2.46 09128998 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091289982023-07-31091289982024-07-31091289982023-08-012024-07-31091289982022-07-31091289982022-08-012023-07-31091289982023-07-3109128998ns15:EnglandWales2023-08-012024-07-3109128998ns14:PoundSterling2023-08-012024-07-3109128998ns10:Director12023-08-012024-07-3109128998ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109128998ns10:SmallEntities2023-08-012024-07-3109128998ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109128998ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109128998ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109128998ns10:FullAccounts2023-08-012024-07-3109128998ns10:OrdinaryShareClass12023-08-012024-07-3109128998ns10:Director22023-08-012024-07-3109128998ns10:RegisteredOffice2023-08-012024-07-3109128998ns5:CurrentFinancialInstruments2024-07-3109128998ns5:CurrentFinancialInstruments2023-07-3109128998ns5:Non-currentFinancialInstruments2024-07-3109128998ns5:Non-currentFinancialInstruments2023-07-3109128998ns5:ShareCapital2024-07-3109128998ns5:ShareCapital2023-07-3109128998ns5:RetainedEarningsAccumulatedLosses2024-07-3109128998ns5:RetainedEarningsAccumulatedLosses2023-07-3109128998ns5:FurnitureFittings2023-08-012024-07-3109128998ns5:MotorVehicles2023-08-012024-07-3109128998ns5:ComputerEquipment2023-08-012024-07-3109128998ns5:FurnitureFittings2023-07-3109128998ns5:MotorVehicles2023-07-3109128998ns5:ComputerEquipment2023-07-3109128998ns5:FurnitureFittings2024-07-3109128998ns5:MotorVehicles2024-07-3109128998ns5:ComputerEquipment2024-07-3109128998ns5:FurnitureFittings2023-07-3109128998ns5:MotorVehicles2023-07-3109128998ns5:ComputerEquipment2023-07-3109128998ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3109128998ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3109128998ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109128998ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3109128998ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 09128998 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

AHJ WEALTH MANAGEMENT LTD

AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AHJ WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: H Askwith
A Askwith





REGISTERED OFFICE: Globe Works
Penistone Road
Sheffield
South Yorkshire
S6 3AE





REGISTERED NUMBER: 09128998 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,555 7,557

CURRENT ASSETS
Debtors 5 5,058 5,000
Cash at bank 91,944 48,062
97,002 53,062
CREDITORS
Amounts falling due within one year 6 51,688 40,931
NET CURRENT ASSETS 45,314 12,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,869

19,688

CREDITORS
Amounts falling due after more than one
year

7

156,700

19,030
NET (LIABILITIES)/ASSETS (6,831 ) 658

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (6,931 ) 558
SHAREHOLDERS' FUNDS (6,831 ) 658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





A Askwith - Director


AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

AHJ Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 12,164 - 6,430 18,594
Additions 1,576 113,326 - 114,902
At 31 July 2024 13,740 113,326 6,430 133,496
DEPRECIATION
At 1 August 2023 7,140 - 3,897 11,037
Charge for year 993 16,526 385 17,904
At 31 July 2024 8,133 16,526 4,282 28,941
NET BOOK VALUE
At 31 July 2024 5,607 96,800 2,148 104,555
At 31 July 2023 5,024 - 2,533 7,557

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 113,326
At 31 July 2024 113,326
DEPRECIATION
Charge for year 16,526
At 31 July 2024 16,526
NET BOOK VALUE
At 31 July 2024 96,800

AHJ WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09128998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 5,000 5,000
Other debtors 58 -
5,058 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,041 10,564
Hire purchase contracts 9,209 -
Taxation and social security - 7,447
Other creditors 16,438 22,920
51,688 40,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 88,954 19,030
Hire purchase contracts 67,746 -
156,700 19,030

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the directors in the sum of £15,227 (2023: £21,742).

There are no formal repayment terms attached to this loan and interest is not being charged.