Ajans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04637673 (England and Wales)

Financial Statements for the Year Ended 31 January 2019

for

Ajans Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mrs A Sivaranjan

REGISTERED OFFICE:

5 Fieldpark Gardens

Croydon

Surrey

CR0 8ET

REGISTERED NUMBER:

04637673 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

874,399

876,622

CURRENT ASSETS

Cash at bank

5,855

5,957

CREDITORS

Amounts falling due within one year

5

118,075

113,432

NET CURRENT LIABILITIES

(112,220

)

(107,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

762,179

769,147

CREDITORS

Amounts falling due after more than one year

6

758,937

758,937

NET ASSETS

3,242

10,210

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

3,142

10,110

SHAREHOLDERS' FUNDS

3,242

10,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 24 October 2019 and were signed by:

Mrs A Sivaranjan - Director

1.	STATUTORY INFORMATION

Ajans 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.

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.

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

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1 February 2018

and 31 January 2019

865,508

32,656

898,164

DEPRECIATION

At 1 February 2018

-

21,542

21,542

Charge for year

-

2,223

2,223

At 31 January 2019

-

23,765

23,765

NET BOOK VALUE

At 31 January 2019

865,508

8,891

874,399

At 31 January 2018

865,508

11,114

876,622

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

202

202

Tax

825

983

Directors' current accounts

116,448

111,647

Accrued expenses

600

600

118,075

113,432

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans (see note 7)

758,937

758,937

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

758,937

758,937

7.

LOANS

An analysis of the maturity of loans is given below:

31.1.19

31.1.18

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

758,937

758,937

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2018

10,110

Profit for the year

3,032

Dividends

(10,000

)

At 31 January 2019

3,142