Company Registration No. 04312055 (England and Wales)
AJR Electrical Services Ltd
Unaudited accounts
for the year ended 31 October 2024
AJR Electrical Services Ltd
Unaudited accounts
Contents
AJR Electrical Services Ltd
Company Information
for the year ended 31 October 2024
Directors
R Green
S Mohammed
Company Number
04312055 (England and Wales)
Registered Office
1 ROUTECO BUSINESS PARK, BAKEWELL ROAD
ORTON SOUTHGATE
PETERBOROUGH
PE2 6BW
Accountants
Eden Tax Consultancy Ltd
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
Pe16 6TT
AJR Electrical Services Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
151,564
174,646
Cash at bank and in hand
1,836,864
1,652,371
Creditors: amounts falling due within one year
(236,148)
(469,078)
Net current assets
2,348,453
1,922,290
Total assets less current liabilities
2,500,017
2,096,936
Provisions for liabilities
Deferred tax
(6,553)
(8,771)
Net assets
2,493,464
2,088,165
Called up share capital
104
104
Profit and loss account
2,493,360
2,088,061
Shareholders' funds
2,493,464
2,088,165
For the year ending 31 October 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.
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 31 March 2025 and were signed on its behalf by
R Green
Director
Company Registration No. 04312055
AJR Electrical Services Ltd
Notes to the Accounts
for the year ended 31 October 2024
AJR Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 04312055. The registered office is 1 ROUTECO BUSINESS PARK, BAKEWELL ROAD, ORTON SOUTHGATE, PETERBOROUGH, PE2 6BW.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 50 years
Plant & machinery
Over 5 years
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
AJR Electrical Services Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
131,233
244,499
28,990
404,722
At 31 October 2024
131,233
244,499
28,990
404,722
At 1 November 2023
22,840
201,438
5,798
230,076
Charge for the year
2,930
14,354
5,798
23,082
At 31 October 2024
25,770
215,792
11,596
253,158
At 31 October 2024
105,463
28,707
17,394
151,564
At 31 October 2023
108,393
43,061
23,192
174,646
Amounts falling due within one year
Trade debtors
717,230
142,898
Accrued income and prepayments
-
95,261
Other debtors
2,322
467,653
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
97,379
113,414
Taxes and social security
175,698
122,395
Loans from directors
(177,972)
94,163
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Transactions with related parties
The directors and their connected parties received dividends of £86,615 (2023 £71,700 during the financial year.
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Average number of employees
During the year the average number of employees was 7 (2023: 7).