Registered number
09863746
AJD Watches & Jewellery Ltd
Filleted Accounts
30 November 2024
AJD Watches & Jewellery Ltd
Registered number: 09863746
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Stocks 421,800 484,500
Debtors 4 705 -
Cash at bank and in hand 60,431 33,516
482,936 518,016
Creditors: amounts falling due within one year 5 (475,561) (515,245)
Net current assets 7,375 2,771
Net assets 7,375 2,771
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 6,375 1,771
Shareholders' funds 7,375 2,771
The director is 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 director acknowledges his 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.
Hossein Kohanzad
Director
Approved by the board on 31 August 2025
AJD Watches & Jewellery Ltd
Notes to the Accounts
for the year ended 30 November 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:
Fixtures, fittings, tools and equipment 15% at cost
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 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 13,228
At 30 November 2024 13,228
Depreciation
At 1 December 2023 13,228
At 30 November 2024 13,228
Net book value
At 30 November 2024 -
4 Debtors 2024 2023
£ £
Other debtors 705 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,790 23,116
Taxation and social security costs 49,908 35,179
Other creditors 410,863 456,950
475,561 515,245
6 Other information
AJD Watches & Jewellery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Langley Crescent
Edgware
Middlesex
HA8 9SZ
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