AAJ MANAGEMENT LTD Filleted accounts for Companies House (small and micro)

AAJ MANAGEMENT LTD Filleted accounts for Companies House (small and micro)

AAJ MANAGEMENT LIMITED - Company Information

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0 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,950 1,950 1,950 xbrli:pure xbrli:shares iso4217:GBP 11407435 2022-06-01 2023-05-31 11407435 2023-05-31 11407435 2022-05-31 11407435 2021-06-01 2022-05-31 11407435 2022-05-31 11407435 2021-05-31 11407435 bus:Director1 2022-06-01 2023-05-31 11407435 bus:Director2 2022-06-01 2023-05-31 11407435 bus:Director3 2022-06-01 2023-05-31 11407435 core:WithinOneYear 2023-05-31 11407435 core:WithinOneYear 2022-05-31 11407435 core:AfterOneYear 2023-05-31 11407435 core:AfterOneYear 2022-05-31 11407435 core:ShareCapital 2023-05-31 11407435 core:ShareCapital 2022-05-31 11407435 core:RetainedEarningsAccumulatedLosses 2023-05-31 11407435 core:RetainedEarningsAccumulatedLosses 2022-05-31 11407435 bus:Director1 2022-05-31 11407435 bus:Director1 2023-05-31 11407435 bus:Director2 2022-05-31 11407435 bus:Director2 2023-05-31 11407435 bus:Director3 2022-05-31 11407435 bus:Director3 2023-05-31 11407435 bus:Director1 2021-05-31 11407435 bus:Director1 2022-05-31 11407435 bus:Director2 2021-05-31 11407435 bus:Director2 2022-05-31 11407435 bus:Director3 2021-05-31 11407435 bus:Director3 2022-05-31 11407435 bus:Director2 2021-06-01 2022-05-31 11407435 bus:SmallEntities 2022-06-01 2023-05-31 11407435 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11407435 bus:FullAccounts 2022-06-01 2023-05-31 11407435 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11407435 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11407435 core:ComputerEquipment 2023-05-31 11407435 core:ComputerEquipment 2022-05-31
COMPANY REGISTRATION NUMBER: 11407435
AAJ MANAGEMENT LTD
Filleted Unaudited Financial Statements
31 May 2023
AAJ MANAGEMENT LTD
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
1,950
1,950
Current assets
Debtors
5
244,649
138,458
Cash at bank and in hand
2,927
39,561
---------
---------
247,576
178,019
Creditors: Amounts falling due within one year
6
64,288
48,428
---------
---------
Net current assets
183,288
129,591
---------
---------
Total assets less current liabilities
185,238
131,541
Creditors: Amounts falling due after more than one year
7
52,375
34,875
---------
---------
Net assets
132,863
96,666
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
132,763
96,566
---------
--------
Shareholders funds
132,863
96,666
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AAJ MANAGEMENT LTD
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 27 February 2024 , and are signed on behalf of the board by:
Mr A J Billig
Mr S Kular
Director
Director
Mr A S Sandhu
Director
Company registration number: 11407435
AAJ MANAGEMENT LTD
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47 Queen Street, Wolverhampton, WV1 3BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Tangible assets
Equipment
£
Cost
At 1 June 2022 and 31 May 2023
1,950
-------
Depreciation
At 1 June 2022 and 31 May 2023
–
-------
Carrying amount
At 31 May 2023
1,950
-------
At 31 May 2022
1,950
-------
5. Debtors
2023
2022
£
£
Trade debtors
41,805
–
Other debtors
202,844
138,458
---------
---------
244,649
138,458
---------
---------
6. Creditors: Amounts falling due within one year
2023
2022
£
£
Trade creditors
12,281
11,140
Corporation tax
22,395
18,511
Social security and other taxes
28,312
17,477
Other creditors
1,300
1,300
--------
--------
64,288
48,428
--------
--------
7. Creditors: Amounts falling due after more than one year
2023
2022
£
£
Other creditors
52,375
34,875
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A J Billig
( 19,114)
–
–
( 19,114)
Mr S Kular
( 5,951)
–
–
( 5,951)
Mr A S Sandhu
( 9,810)
( 17,500)
–
( 27,310)
--------
--------
----
--------
( 34,875)
( 17,500)
–
( 52,375)
--------
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A J Billig
( 19,114)
–
–
( 19,114)
Mr S Kular
( 9,810)
–
3,859
( 5,951)
Mr A S Sandhu
( 9,810)
–
–
( 9,810)
--------
----
-------
--------
( 38,734)
–
3,859
( 34,875)
--------
----
-------
--------