REGISTERED NUMBER: 11226307 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

AJ LAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr A S Johal

Mrs K K Johal

Registered office:

48 Dawes Avenue

Hornchurch

Essex

RM12 6AJ

Registered number:

11226307 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

3,273

4,091

3,273

4,091

Current assets

Debtors

6

75,140

1,028,443

Cash at bank

857,879

934,374

933,019

1,962,817

Creditors

Amounts falling due within one year

7

166,455

1,115,801

Net current assets

766,564

847,016

Total assets less current liabilities

769,837

851,107

Capital and reserves

Called up share capital

9

9

9

Retained earnings

769,828

851,098

Shareholders' funds

769,837

851,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

Mr A S Johal - Director

1.	Statutory information

AJ Law Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover from the provision of services is recognised in the same period within which the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 3 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 29 February 2024

and 28 February 2025

10,000

Amortisation

At 29 February 2024

and 28 February 2025

10,000

Net book value

At 28 February 2025

-

At 28 February 2024

-

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 29 February 2024

and 28 February 2025

11,600

Depreciation

At 29 February 2024

7,509

Charge for year

818

At 28 February 2025

8,327

Net book value

At 28 February 2025

3,273

At 28 February 2024

4,091

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

6,682

971,174

Other debtors

68,458

57,269

75,140

1,028,443

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

3,481

559,420

Taxation and social security

104,858

243,131

Other creditors

58,116

313,250

166,455

1,115,801

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

14,139

-

Between one and five years

3,535

-

17,674

-

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

9

Ordinary

£1

9

9

10.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

2025

2024

£

£

Mr A S Johal

Balance outstanding at start of year

41,472

44,603

Amounts advanced

1,702,635

435,728

Amounts repaid

(1,800,972

)

(438,859

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(56,865

)

41,472

Advances provided to the director are repayable upon demand and subject to interest at a rate of 2.25%.