REGISTERED NUMBER: 09618690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

AJS ELECTRICS LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

A Smyth

Mrs C Smyth

REGISTERED OFFICE:

15 Hales Road

Leeds

West Yorkshire

LS12 4PL

REGISTERED NUMBER:

09618690 (England and Wales)

ACCOUNTANTS:

Smith Turner Chartered Accountants

Unit 7, Courtyard 31

Pontefract Road

Normanton

WF6 1JU

FIXED ASSETS

Tangible assets

4

7,846

14,223

Investments

5

846,127

846,127

853,973

860,350

CURRENT ASSETS

Stocks

111,067

109,367

Debtors

6

354,113

250,120

Cash at bank

677,875

865,340

1,143,055

1,224,827

CREDITORS

Amounts falling due within one year

7

(558,811

)

(648,552

)

NET CURRENT ASSETS

584,244

576,275

TOTAL ASSETS LESS CURRENT LIABILITIES

1,438,217

1,436,625

CREDITORS

Amounts falling due after more than one year

8

(3,936

)

(20,312

)

PROVISIONS FOR LIABILITIES

(1,778

)

(3,556

)

NET ASSETS

1,432,503

1,412,757

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,432,493

1,412,747

1,432,503

1,412,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th May 2025 and were signed on its behalf by:

A Smyth - Director

1.	STATUTORY INFORMATION

AJS Electrics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

78,645

Additions

1,103

At 31st March 2025

79,748

DEPRECIATION

At 1st April 2024

64,422

Charge for year

7,480

At 31st March 2025

71,902

NET BOOK VALUE

At 31st March 2025

7,846

At 31st March 2024

14,223

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

28,445

DEPRECIATION

At 1st April 2024

14,222

Charge for year

7,112

At 31st March 2025

21,334

NET BOOK VALUE

At 31st March 2025

7,111

At 31st March 2024

14,223

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

846,127

NET BOOK VALUE

At 31st March 2025

846,127

At 31st March 2024

846,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

242,525

149,566

Other debtors

111,588

100,554

354,113

250,120

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,000

10,165

Hire purchase contracts

33,120

33,120

Trade creditors

296,022

391,651

Taxation and social security

198,527

192,416

Other creditors

21,142

21,200

558,811

648,552

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

2,427

12,262

Hire purchase contracts

1,509

8,050

3,936

20,312

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31/3/25

31/3/24

£

£

A Smyth

Balance outstanding at start of year

7,169

-

Amounts advanced

-

7,169

Amounts repaid

(7,169

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,169

10.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £280 due to the directors of the company. No interest is being charged on this amount, and there are no fixed terms for repayment.