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Company Registration No. SC667917 (Scotland)
AFJ Homes Limited Unaudited accounts for the year ended 31 December 2024
AFJ Homes Limited Unaudited accounts Contents
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AFJ Homes Limited Company Information for the year ended 31 December 2024
Directors
Andrew Fraser Katrine Fraser
Company Number
SC667917 (Scotland)
Registered Office
27 Burn Place Dingwall Ross-shire IV15 9NQ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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AFJ Homes Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
95,436 
95,326 
Debtors
9 
597 
Cash at bank and in hand
864 
454 
96,309 
96,377 
Creditors: amounts falling due within one year
(100,320)
(99,265)
Net current liabilities
(4,011)
(2,888)
Net liabilities
(4,011)
(2,888)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,111)
(2,988)
Shareholders' funds
(4,011)
(2,888)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Katrine Fraser Director Company Registration No. SC667917
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AFJ Homes Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
AFJ Homes Limited is a private company, limited by shares, registered in Scotland, registration number SC667917. The registered office is 27 Burn Place, Dingwall, Ross-shire, IV15 9NQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
As at 31 December 2024 the company had net liabilities of £4,011 (2023 - £2,888). The financial statements have been prepared on the going concern basis as the directors have agreed to support the company in meeting its ongoing liabilities.
4
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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