AJC Business Services Limited - Period Ending 2015-01-31

Registration number: 05028593

AJC Business Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

AJC Business Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
AJC Business Services Limited
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AJC Business Services Limited for the year ended 31 January 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of AJC Business Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AJC Business Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJC Business Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AJC Business Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AJC Business Services Limited. You consider that AJC Business Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AJC Business Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
75 Kenton Street
London
WC1N 1NN

Date:.............................

Page 1

AJC Business Services Limited
(Registration number: 05028593)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			415
Current assets
Debtors					6,700			18,120
Cash at bank and in hand					61,312			50,441
					68,012			68,561
Creditors: Amounts falling due within one year					(29,665)			(28,601)
Net current assets					38,347			39,960
Net assets					38,347			40,375
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					38,247			40,275
Shareholders' funds					38,347			40,375

For the year ending 31 January 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 October 2015 and signed on its behalf by:

.........................................
A J Collett
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

AJC Business Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

VAT

The company is registered under the flat rate scheme for VAT. Turnover is recorded net of VAT in the Financial Statements and purchases are recorded gross of VAT. The VAT recoverable in respect of expenses is shown seperately in the Trading Profit and Loss account.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		1,661			1,661
At 31 January 2015		1,661			1,661
Depreciation
At 1 February 2014		1,246			1,246
Charge for the year		415			415
At 31 January 2015		1,661			1,661
Net book value
At 31 January 2015		-			-
At 31 January 2014		415			415

Page 3

AJC Business Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4