IRIS Accounts Production v24.3.2.46 12661764 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126617642023-06-30126617642024-06-30126617642023-07-012024-06-30126617642022-06-30126617642022-07-012023-06-30126617642023-06-3012661764ns15:EnglandWales2023-07-012024-06-3012661764ns14:PoundSterling2023-07-012024-06-3012661764ns10:Director12023-07-012024-06-3012661764ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012661764ns10:SmallEntities2023-07-012024-06-3012661764ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012661764ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012661764ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012661764ns10:AbridgedAccounts2023-07-012024-06-3012661764ns10:OrdinaryShareClass12023-07-012024-06-3012661764ns10:RegisteredOffice2023-07-012024-06-3012661764ns5:CurrentFinancialInstruments2024-06-3012661764ns5:CurrentFinancialInstruments2023-06-3012661764ns5:Non-currentFinancialInstruments2024-06-3012661764ns5:Non-currentFinancialInstruments2023-06-3012661764ns5:ShareCapital2024-06-3012661764ns5:ShareCapital2023-06-3012661764ns5:RetainedEarningsAccumulatedLosses2024-06-3012661764ns5:RetainedEarningsAccumulatedLosses2023-06-3012661764ns5:PlantMachinery2023-07-012024-06-3012661764ns5:MotorVehicles2023-07-012024-06-3012661764ns5:ComputerEquipment2023-07-012024-06-3012661764ns5:DeferredTaxation2023-07-012024-06-3012661764ns5:DeferredTaxation2024-06-3012661764ns10:OrdinaryShareClass12024-06-30126617641ns10:Director12023-06-30126617641ns10:Director12022-06-30126617641ns10:Director12023-07-012024-06-30126617641ns10:Director12022-07-012023-06-30126617641ns10:Director12024-06-30126617641ns10:Director12023-06-30
REGISTERED NUMBER: 12661764 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

A J Autos Recovery Ltd

A J Autos Recovery Ltd (Registered number: 12661764)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A J Autos Recovery Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr A James





REGISTERED OFFICE: Fox House
Searle Crescent
Weston-Super-Mare
BS23 3YX





REGISTERED NUMBER: 12661764 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

A J Autos Recovery Ltd (Registered number: 12661764)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,924 102,407

CURRENT ASSETS
Debtors 233,708 140,223
Cash at bank 158,910 78,500
392,618 218,723
CREDITORS
Amounts falling due within one year 377,828 234,330
NET CURRENT ASSETS/(LIABILITIES) 14,790 (15,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,714

86,800

CREDITORS
Amounts falling due after more than one year (98,307 ) -

PROVISIONS FOR LIABILITIES 5 (77,231 ) -
NET ASSETS 148,176 86,800

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 148,076 86,700
SHAREHOLDERS' FUNDS 148,176 86,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A J Autos Recovery Ltd (Registered number: 12661764)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr A James - Director


A J Autos Recovery Ltd (Registered number: 12661764)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

A J Autos Recovery 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

A J Autos Recovery Ltd (Registered number: 12661764)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 184,857
Additions 318,002
Disposals (15,500 )
At 30 June 2024 487,359
DEPRECIATION
At 1 July 2023 82,450
Charge for year 102,977
Eliminated on disposal (6,992 )
At 30 June 2024 178,435
NET BOOK VALUE
At 30 June 2024 308,924
At 30 June 2023 102,407

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 164,452
At 30 June 2024 164,452
DEPRECIATION
Charge for year 41,113
At 30 June 2024 41,113
NET BOOK VALUE
At 30 June 2024 123,339

A J Autos Recovery Ltd (Registered number: 12661764)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 77,231 -

Deferred
tax
£   
Charge to Income Statement during year 77,231
Balance at 30 June 2024 77,231

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr A James
Balance outstanding at start of year (191,263 ) (176,458 )
Amounts repaid (26,333 ) (14,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (217,596 ) (191,263 )