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Registration number: 15381626

AJS Commercial Repairs Ltd

Unaudited Filleted Financial Statements

for the Period from 2 January 2024 to 31 March 2025

 

AJS Commercial Repairs Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

AJS Commercial Repairs Ltd

Company Information

Directors

L. A. Smith

S. J. Smith

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

AJS Commercial Repairs Ltd

(Registration number: 15381626)
Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

63,425

Current assets

 

Stocks

5

1,000

Debtors

6

163,101

Cash at bank and in hand

 

146,585

 

310,686

Creditors: Amounts falling due within one year

7

(197,544)

Net current assets

 

113,142

Total assets less current liabilities

 

176,567

Provisions for liabilities

(10,956)

Net assets

 

165,611

Capital and reserves

 

Called up share capital

8

2

Retained earnings

165,609

Shareholders' funds

 

165,611

 

AJS Commercial Repairs Ltd

(Registration number: 15381626)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

.........................................
S. J. Smith
Director

 

AJS Commercial Repairs Ltd

Notes to the Unaudited Financial Statements for the Period from 2 January 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probably that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

AJS Commercial Repairs Ltd

Notes to the Unaudited Financial Statements for the Period from 2 January 2024 to 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Plant & machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

 

AJS Commercial Repairs Ltd

Notes to the Unaudited Financial Statements for the Period from 2 January 2024 to 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current period.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

 

AJS Commercial Repairs Ltd

Notes to the Unaudited Financial Statements for the Period from 2 January 2024 to 31 March 2025

4

Tangible assets

Office equipment
 £

Plant & machinery
£

Total
£

Cost

Additions

795

70,016

70,811

At 31 March 2025

795

70,016

70,811

Depreciation

Charge for the period

147

7,239

7,386

At 31 March 2025

147

7,239

7,386

Carrying amount

At 31 March 2025

648

62,777

63,425

5

Stocks

2025
£

Goods for resale

1,000

6

Debtors

Current

2025
£

Trade debtors

163,101

 

AJS Commercial Repairs Ltd

Notes to the Unaudited Financial Statements for the Period from 2 January 2024 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Trade creditors

51,691

Taxation and social security

98,025

Accruals and deferred income

1,650

Other creditors

46,178

197,544

8

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary shares of £1 each

2

2

   

9

Related party transactions

Summary of transactions with other related parties

During the year the directors received dividends of £75,400.