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Registration number: 03545735

A. J. K. Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

A. J. K. Services Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 8

 

A. J. K. Services Limited

Company Information

Directors

Mr A J King

Mr A Hyner-Anderson

Mr D J King

Company secretary

Mrs V A King

Registered office

72 West Street
Portchester
Fareham
Hampshire
PO16 9UN

Accountants

D V Marlow & Co Limited
Chartered Accountants72 West Street
Portchester
Fareham
Hampshire
PO16 9UN

 

A. J. K. Services Limited

(Registration number: 03545735)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

118,834

104,039

 

118,835

104,040

Current assets

 

Stocks

308,853

12,100

Debtors

6

1,496,509

1,235,069

Cash at bank and in hand

 

1,367,336

1,514,223

 

3,172,698

2,761,392

Creditors: Amounts falling due within one year

7

(1,086,440)

(751,565)

Net current assets

 

2,086,258

2,009,827

Total assets less current liabilities

 

2,205,093

2,113,867

Provisions for liabilities

(16,315)

-

Net assets

 

2,188,778

2,113,867

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

2,187,778

2,112,867

Shareholders' funds

 

2,188,778

2,113,867

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr A J King
Director

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
72 West Street
Portchester
Fareham
Hampshire
PO16 9UN

The principal place of business is:
Unit 3
Aspire Business Centre
Ordnance Road
Tidworth
SP9 7QD

These financial statements were authorised for issue by the Board on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold improvements

Over 5 Years

Plant and machinery

20% reducing balance

Fixtures and fittings

20% straight line

Motor vehicles

25% reducing balance

Computer equipment

20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 58 (2023 - 58).

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

275,000

275,000

At 31 March 2024

275,000

275,000

Amortisation

At 1 April 2023

274,999

274,999

At 31 March 2024

274,999

274,999

Carrying amount

At 31 March 2024

1

1

At 31 March 2023

1

1

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 April 2023

34,808

65,297

47,441

166,798

Additions

-

-

27,859

27,701

At 31 March 2024

34,808

65,297

75,300

194,499

Depreciation

At 1 April 2023

34,804

65,255

41,937

132,455

Charge for the year

-

-

6,659

18,072

At 31 March 2024

34,804

65,255

48,596

150,527

Carrying amount

At 31 March 2024

4

42

26,704

43,972

At 31 March 2023

4

42

5,504

34,343

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

93,110

407,454

Additions

-

55,560

At 31 March 2024

93,110

463,014

Depreciation

At 1 April 2023

28,964

303,415

Charge for the year

16,034

40,765

At 31 March 2024

44,998

344,180

Carrying amount

At 31 March 2024

48,112

118,834

At 31 March 2023

64,146

104,039

 

A. J. K. Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

787,023

659,614

Prepayments

750

1,975

Other debtors

708,736

573,480

 

1,496,509

1,235,069

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

693,717

378,230

Taxation and social security

226,676

217,886

Accruals and deferred income

150,047

140,738

Other creditors

16,000

14,711

1,086,440

751,565

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr A J King

191,883

121,964

-

313,847

Mr D J King

60,379

15,999

(1,128)

75,250

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr A J King

29,872

162,011

-

191,883

Mr D J King

(663)

61,562

(520)

60,379