Company registration number 05316345 (England and Wales)
AMJ CONSTRUCTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
AMJ CONSTRUCTION LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
AMJ CONSTRUCTION LTD
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
31 August 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
139
Tangible assets
4
476,656
20,699
476,656
20,838
Current assets
Stocks
-
397,155
Debtors
5
372,295
493,634
Cash at bank and in hand
391,534
670,158
763,829
1,560,947
Creditors: amounts falling due within one year
6
(313,259)
(742,545)
Net current assets
450,570
818,402
Total assets less current liabilities
927,226
839,240
Creditors: amounts falling due after more than one year
7
-
0
(23,269)
Provisions for liabilities
-
0
(3,910)
Net assets
927,226
812,061
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
927,126
811,961
Total equity
927,226
812,061
AMJ CONSTRUCTION LTD
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
Mr MJ Hull
Director
Company registration number 05316345 (England and Wales)
AMJ CONSTRUCTION LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2022
100
669,224
669,324
Year ended 31 March 2023:
Profit and total comprehensive income
-
142,737
142,737
Balance at 31 March 2023
100
811,961
812,061
Year ended 31 August 2024:
Profit and total comprehensive income
-
115,165
115,165
Balance at 31 August 2024
100
927,126
927,226
AMJ CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Accounting policies
Company information

AMJ Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is East Haddon Grange, East Haddon, Northampton, Northamptonshire, NN6 8DR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
five years on cost
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0%
Plant and equipment
20% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
20% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

AMJ CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Impairment of fixed assets

Where a reasonable and consistent basis of allocation can be identified, assets are allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first in,first out and comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

AMJ CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
4
3
Intangible fixed assets
Other
£
Cost
At 1 April 2023
1,804
Disposals
(1,804)
At 31 August 2024
-
0
Amortisation and impairment
At 1 April 2023
1,665
Amortisation charged for the year
85
Disposals
(1,750)
At 31 August 2024
-
0
Carrying amount
At 31 August 2024
-
0
At 31 March 2023
139
AMJ CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
-
0
6,794
5,588
9,964
24,694
47,040
Additions
476,656
675
197
1,723
22,722
501,973
Disposals
-
0
(7,469)
(5,785)
(11,687)
(47,416)
(72,357)
At 31 August 2024
476,656
-
0
-
0
-
0
-
0
476,656
Depreciation and impairment
At 1 April 2023
-
0
4,552
4,557
6,846
10,386
26,341
Depreciation charged in the year
-
0
736
415
1,036
9,150
11,337
Eliminated in respect of disposals
-
0
(5,288)
(4,972)
(7,882)
(19,536)
(37,678)
At 31 August 2024
-
0
-
0
-
0
-
0
-
0
-
0
Carrying amount
At 31 August 2024
476,656
-
0
-
0
-
0
-
0
476,656
At 31 March 2023
-
0
2,242
1,031
3,118
14,308
20,699
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
173,952
5,384
Corporation tax recoverable
28,146
49,251
Other debtors
170,197
438,999
372,295
493,634
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
9,936
Trade creditors
182,584
265,949
Corporation tax
39,714
58,411
Other taxation and social security
24,717
203,480
Other creditors
66,244
204,769
313,259
742,545
AMJ CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 8 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
23,269
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
-
3,910
2024
Movements in the year:
£
Liability at 1 April 2023
3,910
Credit to profit or loss
(3,910)
Liability at 31 August 2024
-

 

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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