REGISTERED NUMBER: SC361262 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

AJS Contract Cars Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss T L J Smith

Mr S J Smith

REGISTERED OFFICE:

Eastfield

Blackhills

Peterhead

Aberdeenshire

AB42 3LB

REGISTERED NUMBER:

SC361262 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

592,029

600,097

CURRENT ASSETS

Stocks

13,708

-

Debtors

5

61,302

60,424

Cash at bank and in hand

27,423

28,181

102,433

88,605

CREDITORS

Amounts falling due within one year

6

145,016

113,241

NET CURRENT LIABILITIES

(42,583

)

(24,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

549,446

575,461

CREDITORS

Amounts falling due after more than one year

7

292,630

289,817

NET ASSETS

256,816

285,644

CAPITAL AND RESERVES

Called up share capital

480

480

Retained earnings

256,336

285,164

SHAREHOLDERS' FUNDS

256,816

285,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 May 2026 and were signed on its behalf by:

Miss T L J Smith - Director

1.	STATUTORY INFORMATION

AJS Contract Cars Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

575,502

23,410

19,834

Additions

-

221

-

At 31 August 2025

575,502

23,631

19,834

DEPRECIATION

At 1 September 2024

39,928

21,391

18,014

Charge for year

9,983

560

454

At 31 August 2025

49,911

21,951

18,468

NET BOOK VALUE

At 31 August 2025

525,591

1,680

1,366

At 31 August 2024

535,574

2,019

1,820

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

838,887

25,934

1,483,567

Additions

24,147

-

24,368

At 31 August 2025

863,034

25,934

1,507,935

DEPRECIATION

At 1 September 2024

778,513

25,624

883,470

Charge for year

21,129

310

32,436

At 31 August 2025

799,642

25,934

915,906

NET BOOK VALUE

At 31 August 2025

63,392

-

592,029

At 31 August 2024

60,374

310

600,097

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

Motor

vehicles

£

COST

At 1 September 2024

20,995

Additions

24,147

At 31 August 2025

45,142

DEPRECIATION

At 1 September 2024

5,249

Charge for year

9,973

At 31 August 2025

15,222

NET BOOK VALUE

At 31 August 2025

29,920

At 31 August 2024

15,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

53,792

48,298

Other debtors

7,510

12,126

61,302

60,424

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 8)

4,384

3,737

Hire purchase contracts

9,363

4,724

Trade creditors

11,175

9,957

Taxation and social security

10,175

10,021

Other creditors

109,919

84,802

145,016

113,241

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 8)

273,159

277,220

Hire purchase contracts

19,471

12,597

292,630

289,817

31.8.25

31.8.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

239,700

252,833

8.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

4,384

3,737

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,414

4,062

Amounts falling due between two and five years:

Bank loans - 2-5 years

29,045

20,325

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

239,700

252,833

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

277,543

280,957

Hire purchase contracts

28,834

17,321

306,377

298,278

Bank loans and overdrafts are secured by a standard security and floating charge over the land and property of the company.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholders.