A. J. Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09063215 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2022

for

A. J. Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J J Dunne

REGISTERED OFFICE:

1st Floor

27 Shirwell Crescent

Furzton Lake

MILTON KEYNES

MK4 1GA

REGISTERED NUMBER:

09063215 (England and Wales)

ACCOUNTANTS:

Sherwoods Ltd

Chartered Certified Accountants

1st Floor

27 Shirwell Crescent

Furzton Lake

Milton Keynes

Buckinghamshire

MK4 1GA

FIXED ASSETS

Tangible assets

4

59,653

51,856

CURRENT ASSETS

Debtors

5

153,288

456,831

Cash at bank and in hand

309,639

83,768

462,927

540,599

CREDITORS

Amounts falling due within one year

6

75,466

188,390

NET CURRENT ASSETS

387,461

352,209

TOTAL ASSETS LESS CURRENT LIABILITIES

447,114

404,065

CREDITORS

Amounts falling due after more than one year

7

(7,677

)

-

PROVISIONS FOR LIABILITIES

(11,334

)

(9,852

)

NET ASSETS

428,103

394,213

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

428,102

394,212

SHAREHOLDERS' FUNDS

428,103

394,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 and authorised for issue on 30 September 2022 and were signed by:

Mrs J J Dunne - Director

1.	STATUTORY INFORMATION

A. J. Construction 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 represents invoiced sales of construction services, net of Value Added Tax.

Revenue is recognised at the point at which the services are supplied.

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.

Plant and machinery etc

-

25% on cost and 20% on cost

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.

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 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2021

162,051

Additions

21,438

At 31 January 2022

183,489

DEPRECIATION

At 1 February 2021

110,195

Charge for year

13,641

At 31 January 2022

123,836

NET BOOK VALUE

At 31 January 2022

59,653

At 31 January 2021

51,856

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

Plant and

machinery

etc

£

COST

Additions

11,990

At 31 January 2022

11,990

DEPRECIATION

Charge for year

1,499

At 31 January 2022

1,499

NET BOOK VALUE

At 31 January 2022

10,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade debtors

-

141,799

Other debtors

153,288

315,032

153,288

456,831

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Hire purchase contracts

2,972

1,225

Trade creditors

53,465

80,070

Taxation and social security

7,908

92,614

Other creditors

11,121

14,481

75,466

188,390

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.22

31.1.21

£

£

Hire purchase contracts

7,677

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.22

31.1.21

£

£

Hire purchase contracts

10,649

1,225

Hire purchase creditors are secured on the assets to which they relate.

9.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £36,112 (2021 - £30,000) which was made to A.L.J Plant Hire Limited, a company owned by the spouse of the director.

No interest was charged on the loan.

Included in direct costs are services supplied by A.L.J Plant Hire Limited, totalling £171,275 (2021 £142,050).

Included in trade creditors at the year end was a total of £nil (2021 - £20,752), owed to A.L.J Plant Hire Limited.