REGISTERED NUMBER: 00987764 (England and Wales)

AJAX EQUIPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Bates

M W Waters

E McGee

REGISTERED OFFICE:

Milton Works

Mule Street

Bolton

Lancashire

BL2 2AR

REGISTERED NUMBER:

00987764 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

BANKERS:

The Royal Bank of Scotland plc

Bolton Central Branch

46 - 48 Deansgate

Bolton

Lancashire

BL1 1BH

FIXED ASSETS

Tangible assets

4

738,868

596,516

Investments

5

241,135

231,456

980,003

827,972

CURRENT ASSETS

Stocks

6

134,516

173,289

Debtors

7

71,101

58,916

Cash at bank and in hand

1,253,173

895,558

1,458,790

1,127,763

CREDITORS

Amounts falling due within one year

8

406,919

365,449

NET CURRENT ASSETS

1,051,871

762,314

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,874

1,590,286

PROVISIONS FOR LIABILITIES

9

670,323

549,578

NET ASSETS

1,361,551

1,040,708

CAPITAL AND RESERVES

Called up share capital

10

20,000

20,000

Revaluation reserve

11

286,818

286,818

Retained earnings

1,054,733

733,890

SHAREHOLDERS' FUNDS

1,361,551

1,040,708

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 12 January 2026 and were signed on its behalf by:

M W Waters - Director

1.	STATUTORY INFORMATION

Ajax Equipment 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 as modified by the revaluation of certain assets.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced value of goods or services provided, excluding value added tax after adjusting for the movement in warranty provisions.Sales are recognised on the dispatch of goods.

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.

Land and buildings

-

Straight line over 7 years

Improvements to property

-

10% on cost and Straight line over 7 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is provided on land.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Cost of work in progress includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.

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.

Fixed assets investments

Fixed assets investments consists of an onshore insurance bond., This investments has been included at underlying market value which has been disclosed in note 7 to the financial statements.

Deferred grants

Deferred grants are released over the expected useful life of the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

buildings

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

401,532

147,778

263,800

Additions

-

8,271

158,805

At 31 March 2025

401,532

156,049

422,605

DEPRECIATION

At 1 April 2024

-

42,062

218,072

Charge for year

-

9,596

8,644

At 31 March 2025

-

51,658

226,716

NET BOOK VALUE

At 31 March 2025

401,532

104,391

195,889

At 31 March 2024

401,532

105,716

45,728

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

65,640

73,980

952,730

Additions

6,407

-

173,483

At 31 March 2025

72,047

73,980

1,126,213

DEPRECIATION

At 1 April 2024

55,585

40,495

356,214

Charge for year

4,520

8,371

31,131

At 31 March 2025

60,105

48,866

387,345

NET BOOK VALUE

At 31 March 2025

11,942

25,114

738,868

At 31 March 2024

10,055

33,485

596,516

Included in cost or valuation of land and buildings is freehold land of £ 1,532 (2024 - £ 1,532 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Improvements

Land and

to

Plant and

buildings

property

machinery

£

£

£

Valuation in 1990

99,985

-

-

Valuation in 2018

218,478

-

-

Cost

83,069

156,049

422,605

401,532

156,049

422,605

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Valuation in 1990

-

-

99,985

Valuation in 2018

-

-

218,478

Cost

72,047

73,980

807,750

72,047

73,980

1,126,213

If land and buildings had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

83,069

83,069

Value of land in freehold land and buildings

1,532

1,532

Land and buildings were valued on an open market existing basis on 31 March 2019 by the directors .

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

Motor

vehicles

£

COST OR VALUATION

At 1 April 2024

38,239

Transfer to ownership

(38,239

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

29,165

Transfer to ownership

(29,165

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

9,074

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

231,456

Revaluations

11,448

Advisor costs

(1,769

)

At 31 March 2025

241,135

NET BOOK VALUE

At 31 March 2025

241,135

At 31 March 2024

231,456

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2020

(10,932

)

Valuation in 2021

16,482

Valuation in 2022

(22,729

)

Valuation in 2023

49,700

Valuation in 2024

(1,065

)

Valuation in 2025

9,679

Cost

200,000

241,135

6.

STOCKS

2025

2024

£

£

Stocks

12,516

21,289

Work-in-progress

122,000

152,000

134,516

173,289

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,945

48,569

Other debtors

1,720

3,220

Prepayments and accrued income

6,436

7,127

71,101

58,916

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,715

192,293

Corporation tax

125,713

8,888

Social security and other taxes

26,322

27,001

Value added tax

54,306

7,438

Other creditors

76,057

5,312

Accrued expenses

99,806

124,517

406,919

365,449

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

74,044

36,679

Other provisions

Government grants

429

499

Warranty provisions

595,850

512,400

596,279

512,899

Aggregate amounts

670,323

549,578

Deferred

Deferred

tax

grants

£

£

Balance at 1 April 2024

36,679

499

Charge/(credit) to Statement of Income and Retained Earnings during year

37,365

(70

)

Balance at 31 March 2025

74,044

429

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,000

Ordinary Shares

£1

20,000

20,000

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

286,818

12.	RELATED PARTY DISCLOSURES

The directors of the company are also directors of the parent company, Ajax Equipment Holdings Limited.