IRIS Accounts Production v24.3.2.46 SC321847 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3218472023-06-30SC3218472024-06-30SC3218472023-07-012024-06-30SC3218472022-06-30SC3218472022-07-012023-06-30SC3218472023-06-30SC321847ns15:Scotland2023-07-012024-06-30SC321847ns14:PoundSterling2023-07-012024-06-30SC321847ns10:Director12023-07-012024-06-30SC321847ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC321847ns10:SmallEntities2023-07-012024-06-30SC321847ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC321847ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC321847ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC321847ns10:FullAccounts2023-07-012024-06-30SC321847ns10:CompanySecretary12023-07-012024-06-30SC321847ns10:RegisteredOffice2023-07-012024-06-30SC321847ns5:CurrentFinancialInstruments2024-06-30SC321847ns5:CurrentFinancialInstruments2023-06-30SC321847ns5:Non-currentFinancialInstruments2024-06-30SC321847ns5:Non-currentFinancialInstruments2023-06-30SC321847ns5:ShareCapital2024-06-30SC321847ns5:ShareCapital2023-06-30SC321847ns5:RetainedEarningsAccumulatedLosses2024-06-30SC321847ns5:RetainedEarningsAccumulatedLosses2023-06-30SC321847ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-07-012024-06-30SC321847ns5:PlantMachinery2023-07-012024-06-30SC321847ns5:FurnitureFittings2023-07-012024-06-30SC321847ns5:ComputerEquipment2023-07-012024-06-30SC321847ns5:LandBuildings2023-06-30SC321847ns5:LeaseholdImprovements2023-06-30SC321847ns5:PlantMachinery2023-06-30SC321847ns5:LandBuildings2023-07-012024-06-30SC321847ns5:LeaseholdImprovements2023-07-012024-06-30SC321847ns5:LandBuildings2024-06-30SC321847ns5:LeaseholdImprovements2024-06-30SC321847ns5:PlantMachinery2024-06-30SC321847ns5:LandBuildings2023-06-30SC321847ns5:LeaseholdImprovements2023-06-30SC321847ns5:PlantMachinery2023-06-30SC321847ns5:FurnitureFittings2023-06-30SC321847ns5:ComputerEquipment2023-06-30SC321847ns5:FurnitureFittings2024-06-30SC321847ns5:ComputerEquipment2024-06-30SC321847ns5:FurnitureFittings2023-06-30SC321847ns5:ComputerEquipment2023-06-30SC321847ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC321847ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-30SC321847ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-30SC321847ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC321847ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-30SC321847ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: SC321847 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

A.J.M Contractors Limited

A.J.M Contractors Limited (Registered number: SC321847)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.J.M Contractors Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Manson





SECRETARY: Mrs I Manson





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC321847 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

A.J.M Contractors Limited (Registered number: SC321847)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189,923 160,970

CURRENT ASSETS
Stocks 115,000 46,000
Debtors 5 1,366,116 765,123
Cash at bank 333,859 781,173
1,814,975 1,592,296
CREDITORS
Amounts falling due within one year 6 450,645 316,099
NET CURRENT ASSETS 1,364,330 1,276,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,554,253

1,437,167

CREDITORS
Amounts falling due after more than one year 7 (52,367 ) (39,367 )

PROVISIONS FOR LIABILITIES (30,320 ) (22,536 )
NET ASSETS 1,471,566 1,375,264

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,471,466 1,375,164
SHAREHOLDERS' FUNDS 1,471,566 1,375,264

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.M Contractors Limited (Registered number: SC321847)

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.

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 24 March 2025 and were signed by:





A Manson - Director


A.J.M Contractors Limited (Registered number: SC321847)

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

1. STATUTORY INFORMATION

A.J.M Contractors Limited is a private company, limited by shares , registered in Scotland. 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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

A.J.M Contractors Limited (Registered number: SC321847)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Long term contracts
The company undertakes work deemed to be long term in nature. Turnover on long term contracts is determined on the basis of certified valuations representing measured work on contracts.
Operating profit includes attributable profit on long term contracts complete and amounts recoverable on contracts incomplete - the latter being included under debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 76,527 21,535 297,207
Additions - - 112,643
Disposals - - (12,500 )
At 30 June 2024 76,527 21,535 397,350
DEPRECIATION
At 1 July 2023 7,653 19,585 214,477
Charge for year 1,530 650 68,964
Eliminated on disposal - - (3,125 )
At 30 June 2024 9,183 20,235 280,316
NET BOOK VALUE
At 30 June 2024 67,344 1,300 117,034
At 30 June 2023 68,874 1,950 82,730

A.J.M Contractors Limited (Registered number: SC321847)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 3,772 31,596 430,637
Additions - 3,205 115,848
Disposals - (6,665 ) (19,165 )
At 30 June 2024 3,772 28,136 527,320
DEPRECIATION
At 1 July 2023 2,997 24,955 269,667
Charge for year 666 2,808 74,618
Eliminated on disposal - (3,763 ) (6,888 )
At 30 June 2024 3,663 24,000 337,397
NET BOOK VALUE
At 30 June 2024 109 4,136 189,923
At 30 June 2023 775 6,641 160,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 108,606
DEPRECIATION
At 1 July 2023 99,167
Charge for year 9,439
At 30 June 2024 108,606
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 9,439

A.J.M Contractors Limited (Registered number: SC321847)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 756,244 25,326
Amounts recoverable on contract 229,405 387,902
Other debtors 380,467 351,895
1,366,116 765,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 19,458 14,161
Trade creditors 144,827 55,805
Taxation and social security 176,816 146,220
Other creditors 109,544 99,913
450,645 316,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 52,367 19,305
Other creditors - 20,062
52,367 39,367

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   

Bank borrowing, in favour of the Clydesdale Bank Plc, is secured by a standard security in relation to Unit 3, Block 10, Old Mill Park, Kirkintilloch G66 1SS.

9. RELATED PARTY DISCLOSURES

During the year total dividends were £300,000.
At 30 June 2024 - Other debtors includes an amount of £84,443 (2023 - £88,527) due by a company owned by a related party. Other creditors includes and amount of £298 (2023- £10,361) due to the director.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Manson.

A.J.M Contractors Limited (Registered number: SC321847)

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

11. BUSINESS BOUNCE BACK LOAN

A Business Bounce Back Loan taken in June 2020 was repaid during the year.