AJS Rallying Limited - Accounts to registrar (filleted) - small 18.2
AJS Rallying Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2020 |
| for |
| AJS Rallying Limited |
| AJS Rallying Limited (Registered number: 06250352) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| AJS Rallying Limited |
| Company Information |
| for the Year Ended 31 May 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Marland House |
| 13 Huddersfield Road |
| Barnsley |
| South Yorkshire |
| S70 2LW |
| AJS Rallying Limited (Registered number: 06250352) |
| Balance Sheet |
| 31 May 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| AJS Rallying Limited (Registered number: 06250352) |
| Balance Sheet - continued |
| 31 May 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| AJS Rallying Limited (Registered number: 06250352) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2020 |
| 1. | STATUTORY INFORMATION |
| AJS Rallying Limited is a |
| The presentation and functional currency of the financial statements is the Pound Sterling (£) and information is rounded to the nearest pound. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis under the historical cost convention. Despite the company having net liabilities, the director is of the opinion that the company continues to be a going concern due to his continued financial support of the company. |
| Significant judgements and estimates |
| The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities. Service income is recognised in the month of the service and goods income is recognised at the point of delivery. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| All fixed assets are initially recorded at cost. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| AJS Rallying Limited (Registered number: 06250352) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2019 |
| Additions |
| At 31 May 2020 |
| DEPRECIATION |
| At 1 June 2019 |
| Charge for year |
| At 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 June 2019 |
| Disposals | ( |
) |
| At 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| AJS Rallying Limited (Registered number: 06250352) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2020 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| ordinary | £1 | 20,000 | 20,000 |
| 10. | RELATED PARTY |
| Included within other creditors is an interest free directors loan of £2,943,925 (2019: £2,847,205). |