AJCELL_LTD - Accounts

AJCELL LTD - Company Information

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Company Registration No. 07544288 (England and Wales)

AJCELL LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

AJCELL LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AJCELL LTD

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,669

948

Current assets

Stocks

804

Debtors

1,597

Cash at bank and in hand

80,109

71,914

81,706

72,718

Creditors: amounts falling due within one year

(48,218)

(47,079)

Net current assets

33,488

25,639

Total assets less current liabilities

35,157

26,587

Capital and reserves

Called up share capital

100

Profit and loss account

35,057

26,487

Shareholders' funds

35,157

26,587

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 17 November 2014

Mr A Parker

Director

Company Registration No. 07544288

AJCELL LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on cost

Fixtures, fittings & equipment

25% reducing balance

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 March 2013

1,598

Additions

1,555

At 28 February 2014

3,153

Depreciation

At 1 March 2013

649

Charge for the year

835

At 28 February 2014

1,484

Net book value

At 28 February 2014

1,669

At 28 February 2013

948

AJCELL LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100