Company registration number 09843485 (England and Wales)
AJB FORECASTING SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
AJB FORECASTING SYSTEMS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AJB FORECASTING SYSTEMS LIMITED (REGISTERED NUMBER: 09843485)
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,078
965
Current assets
Debtors
4
58,027
59,240
Cash at bank and in hand
361,546
394,387
419,573
453,627
Creditors: amounts falling due within one year
5
(18,566)
(19,149)
Net current assets
401,007
434,478
Total assets less current liabilities
403,085
435,443
Provisions for liabilities
(429)
Net assets
402,656
435,443
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
402,654
435,441
Total equity
402,656
435,443
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 April 2025
Mr R A Bysouth
Director
AJB FORECASTING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
AJB Forecasting Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for the provision of computer software, excluding VAT. Turnover is recognised once the service has been provided to the customer.
1.3
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:
Office Equipment
33% reducing balance
Computer Equipment
33% 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.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
AJB FORECASTING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Office Equipment
Computer Equipment
Total
£
£
£
Cost
At 1 November 2023
2,409
9,062
11,471
Additions
1,762
1,762
Disposals
(1,653)
(1,653)
At 31 October 2024
2,409
9,171
11,580
Depreciation and impairment
At 1 November 2023
2,408
8,098
10,506
Depreciation charged in the year
649
649
Eliminated in respect of disposals
(1,653)
(1,653)
At 31 October 2024
2,408
7,094
9,502
Carrying amount
At 31 October 2024
1
2,077
2,078
At 31 October 2023
1
964
965
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,525
8,432
Other debtors
53,502
50,808
58,027
59,240
AJB FORECASTING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
10,397
11,006
Other creditors
8,169
8,143
18,566
19,149
6
Director's transactions
Included within other debtors is a loan to a director of the company for £37,716 (2023 - £35,833 ). The loan is subject to interest at 2.25% and is repayable on demand.