Registration number: 12866774

AJ Connect Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

AJ Connect Ltd

Company Information

Directors

Mr S Jackson Mr M Aitken Ms D Tracy

Registered office

6-8 Dewar Place Lane Edinburgh EH3 8EF

Registration number	12866774

Accountants

Brown, Scott & Main 91 West Savile Terrace Edinburgh EH9 3DP

AJ Connect Ltd

(Registration number: 12866774)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	2,908	5,145
Current assets
Debtors	7	45,392	89,558
Cash at bank and in hand		23,562	47,710
		68,954	137,268
Creditors: Amounts falling due within one year	8	(94,478)	(137,464)
Net current liabilities		(25,524)	(196)
Total assets less current liabilities		(22,616)	4,949
Provisions for liabilities	5	(728)	(1,287)
Net (liabilities)/assets		(23,344)	3,662
Capital and reserves
Called up share capital	9	102	102
Retained earnings		(23,446)	3,560
Shareholders' (deficit)/funds		(23,344)	3,662

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 20 October 2025 and signed on its behalf by:
 

......................................... Mr S Jackson Director

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
6-8 Dewar Place Lane
Edinburgh
EH3 8EF
United Kingdom

These financial statements were authorised for issue by the Board on 20 October 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, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business.During the financial year ended 31 January 2025, the Company incurred a net loss. This indicates the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern.Management has undertaken a review of the Company’s financial position. Based on this assessment, management believes that the Company has sufficient resources to continue operating for at least the next 12 months from the date of approval of these financial statements.

Revenue recognition

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

Revenue earned under permanent contracts are recognised at the inception of assignment. Revenues earned under temporary contracts are recognised in the accounting year in which services are provided.

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 corporation 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.

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.

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	25% per annum straight line

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 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 receivables.

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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

The company operates a defined contribution 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 and prior periods.

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 year, was 5 (2024 - 4).

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4

Taxation

		2025		2024
		£		£
Current tax:
UK corporation tax charge/ credit		(7,565)		19,860
Deferred tax		(559)		1,287
		8,124		21,147

5

Provisions for liabilities

		2025		2024
		£		£
Deferred tax liabilities		728		1,287
				£
				Deferred tax
Balance at	1 February 2024			(1,287)
Charge to income statement during the year				(559)
Balance at	31 January 2025			728

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	8,929	8,929
At 31 January 2025	8,929	8,929
Depreciation
At 1 February 2024	3,784	3,784
Charge for the year	2,237	2,237
At 31 January 2025	6,021	6,021
Carrying amount
At 31 January 2025	2,908	2,908
At 31 January 2024	5,145	5,145

7

Debtors

Current	2025 £	2024 £
Trade debtors	-	51,037
Prepayments	11,695	19,797
Other debtors	33,697	18,724
	45,392	89,558

Other debtors include loans to directors £25,118 (2024: £18,623).

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		6,102	46,516
Amounts owed to a related company	12	38,627	35,269
Taxation and social security		31,092	40,840
Accruals and deferred income		3,193	5,660
Other creditors		15,464	9,179
		94,478	137,464

Included in other creditors is loan from a director of £9,000 (2024 - £nil). The loan is interest free and repayable on demand.

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	102	102	102	102

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	14,000	28,000
Later than one year and not later than five years	-	14,000
	14,000	42,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £28,000 (2024 - £27,222).

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

11

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £578.43) per ordinary share		-		59,000

12	Related party transactions

Transactions with directors

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr M Aitken
	8,900	9,509	(3,540)	14,869
Mr S Jackson
	9,723	5,153	(4,627)	10,249

2024	At 1 February 2023 £	Advances to director £	Repayments by director £	At 31 January 2024 £
Mr M Aitken
	7,725	5,949	(4,774)	8,900
Mr S Jackson
	6,823	6,845	(3,945)	9,723

Summary of transactions with other related parties

The balance due to Direct Partners Limited, a company in which director D Tracy has significant control. The balance due to is interest free and has no fixed repayment date

Loans from related parties

2025	Other related parties £	Total £
At start of period	35,269	35,269
Advanced	24,726	24,726
Repaid	(21,368)	(21,368)
At end of period	38,627	38,627

AJ Connect Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

12	Related party transactions (continued)

2024	Other related parties £	Total £
At start of period	35,269	35,269
At end of period	35,269	35,269