Company Registration No. 06279780 (England and Wales)
AJ PARTS UK LTD
Unaudited accounts
for the year ended 31 March 2021
AJ PARTS UK LTD
Unaudited accounts
Contents
AJ PARTS UK LTD
Company Information
for the year ended 31 March 2021
Director
Ajit Singh Hanspal
Secretary
Sarigbal Singh Sanghera
Company Number
06279780 (England and Wales)
Registered Office
UNIT 3 CHANCERY GATE INDUSTRIAL ESTATE H
YIEWSLEY
WEST DRAYTON
UB7 8EW
ENGLAND
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
AJ PARTS UK LTD
Statement of financial position
as at 31 March 2021
Intangible assets
77,000
84,000
Inventories
186,671
212,126
Cash at bank and in hand
408,677
247,454
Creditors: amounts falling due within one year
(267,959)
(214,214)
Net current assets
334,572
272,127
Total assets less current liabilities
412,239
356,940
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
362,239
356,940
Called up share capital
100
100
Profit and loss account
362,139
356,840
Shareholders' funds
362,239
356,940
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2021 and were signed on its behalf by
Ajit Singh Hanspal
Director
Company Registration No. 06279780
AJ PARTS UK LTD
Notes to the Accounts
for the year ended 31 March 2021
AJ PARTS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 06279780. The registered office is UNIT 3 CHANCERY GATE INDUSTRIAL ESTATE H, YIEWSLEY, WEST DRAYTON, UB7 8EW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
AJ PARTS UK LTD
Notes to the Accounts
for the year ended 31 March 2021
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
7,183
23,054
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
185,772
153,900
Taxes and social security
26,548
22,016
Loans from directors
37,098
37,098
AJ PARTS UK LTD
Notes to the Accounts
for the year ended 31 March 2021
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 5 (2020: 5).
