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Company Registration No. 8844329 (England and Wales)
A J & MICHAELS LIMITED Unaudited accounts for the year ended 31 January 2025
A J & MICHAELS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A J & MICHAELS LIMITED Company Information for the year ended 31 January 2025
Director
Ikechi Micheal Ajoku
Company Number
8844329 (England and Wales)
Registered Office
7 SCHOOL END CRESCENT HEMEL HEMPSTEAD HERTFORDSHIRE HP1 2DZ UNITED KINGDOM
Accountants
Faxon Consulting Ltd 85 Great Portland Street London W1W 7LT
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A J & MICHAELS LIMITED Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
42,635
24,515
Current assets
Debtors
5
46,460
41,857
Cash at bank and in hand
54,004
78,817
100,464
120,674
Creditors: amounts falling due within one year
6
(26,212)
(51,958)
Net current assets
74,252
68,716
Total assets less current liabilities
116,887
93,231
Creditors: amounts falling due after more than one year
7
(34,828)
(43,021)
Net assets
82,059
50,210
Capital and reserves
Called up share capital
1
1
Profit and loss account
82,058
50,209
Shareholders' funds
82,059
50,210
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 1 June 2025 and were signed on its behalf by
Ikechi Micheal Ajoku Director Company Registration No. 8844329
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A J & MICHAELS LIMITED Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
A J & MICHAELS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8844329. The registered office is 7 SCHOOL END CRESCENT, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP1 2DZ, UNITED KINGDOM.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
44,536
6,624
9,411
60,571
Additions
18,120
-
-
18,120
At 31 January 2025
62,656
6,624
9,411
78,691
Depreciation
At 1 February 2024
24,250
2,609
9,197
36,056
At 31 January 2025
24,250
2,609
9,197
36,056
Net book value
At 31 January 2025
38,406
4,015
214
42,635
At 31 January 2024
20,286
4,015
214
24,515
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A J & MICHAELS LIMITED Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
43,960
38,142
Accrued income and prepayments
2,500
-
Other debtors
-
3,715
46,460
41,857
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
20,640
Taxes and social security
20,792
25,899
Other creditors
4,454
4,453
Accruals
966
966
26,212
51,958
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,740
12,406
Obligations under finance leases and hire purchase contracts
27,088
30,615
34,828
43,021
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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