Registered number
10544402
AJ Midlands Limited
Filleted Accounts
31 January 2024
AJ Midlands Limited
Registered number: 10544402
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - -
- -
Current assets
Debtors 4 217,286 228,100
Cash at bank and in hand 5,988 1,406
223,274 229,506
Creditors: amounts falling due within one year 5 (132,161) (131,661)
Net current assets 91,113 97,845
Total assets less current liabilities 91,113 97,845
Creditors: amounts falling due after more than one year 6 (34,915) (41,126)
Net assets 56,198 56,719
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,098 56,619
Shareholders' funds 56,198 56,719
The directors are 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 directors acknowledge their 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.
Abdul Basit Khan
Director
Approved by the board on 14 October 2025
AJ Midlands Limited
Notes to the Accounts
for the year ended 31 January 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 -
Additions -
Disposals -
At 31 January 2024 -
Amortisation
At 1 February 2023 -
Provided during the year -
On disposals -
At 31 January 2024 -
Net book value
At 31 January 2024 -
At 31 January 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 82,500 82,500
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors 134,786 145,600
217,286 228,100
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 13,500 13,500
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 107,161 107,161
Taxation and social security costs - -
Other creditors 1,500 1,000
132,161 131,661
6 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 34,915 41,126
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
34,915 41,126
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