Abbreviated Company Accounts - AJS PROFILES LIMITED

AJS PROFILES LIMITED - Company Information

Registered Number 03502379

AJS PROFILES LIMITED

Abbreviated Accounts

30 April 2014

AJS PROFILES LIMITED Registered Number 03502379

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	92,151	35,181
		92,151	35,181
Current assets
Stocks		519,875	481,518
Debtors		1,088,769	671,548
Cash at bank and in hand		365,322	1,961,146
		1,973,966	3,114,212
Creditors: amounts falling due within one year		(911,679)	(760,350)
Net current assets (liabilities)		1,062,287	2,353,862
Total assets less current liabilities		1,154,438	2,389,043
Total net assets (liabilities)		1,154,438	2,389,043
Capital and reserves
Called up share capital		75	100
Other reserves		25	-
Profit and loss account		1,154,338	2,388,943
Shareholders' funds		1,154,438	2,389,043

For the year ending 30 April 2014 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 22 September 2014

And signed on their behalf by:
A J Shanian, Director

AJS PROFILES LIMITED Registered Number 03502379

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

2Tangible fixed assets

	£
Cost
At 1 May 2013	759,961
Additions	116,820
Disposals	(710,254)
Revaluations	-
Transfers	-
At 30 April 2014	166,527
Depreciation
At 1 May 2013	724,780
Charge for the year	28,120
On disposals	(678,524)
At 30 April 2014	74,376
Net book values
At 30 April 2014	92,151
At 30 April 2013	35,181