Registered number
12402056
AJK DEVELOPERS LTD
Filleted Accounts
31 December 2024
AJK DEVELOPERS LTD
Registered number: 12402056
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,120 -
Current assets
Stocks 692,356 228,421
Debtors 4 41,600 -
Cash at bank and in hand 64,397 265,651
798,353 494,072
Creditors: amounts falling due within one year 5 (784,909) (472,915)
Net current assets 13,444 21,157
Net assets 20,564 21,157
Capital and reserves
Called up share capital 10 10
Profit and loss account 20,554 21,147
Shareholders' funds 20,564 21,157
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. Arshad Mahmood
Director
Approved by the board on 8 April 2025
AJK DEVELOPERS LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 20 % Reducing Balance Method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 7,495
At 31 December 2024 7,495
Depreciation
Charge for the year 375
At 31 December 2024 375
Net book value
At 31 December 2024 7,120
4 Debtors 2024 2023
£ £
Other debtors 41,600 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,200 -
Taxation and social security costs - 650
Other creditors 778,709 472,265
784,909 472,915
6 Other information
AJK DEVELOPERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
18 Locksley Close
Heaton Norris
Stockport
England
SK4 2LW
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