AJP Autovalet Limited
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Notes to the Accounts |
for the year ended 31 October 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Plant and machinery |
over 5 years |
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Motor vehicles |
over 5 years |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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2 |
Employees |
2021 |
|
2020 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 November 2020 |
2,467 |
|
2,200 |
|
4,667 |
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At 31 October 2021 |
2,467 |
|
2,200 |
|
4,667 |
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Depreciation |
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At 1 November 2020 |
2,466 |
|
2,199 |
|
4,665 |
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At 31 October 2021 |
2,466 |
|
2,199 |
|
4,665 |
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Net book value |
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At 31 October 2021 |
1 |
|
1 |
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2 |
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At 31 October 2020 |
1 |
|
1 |
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2 |
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4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
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Trade debtors |
- |
|
363 |
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5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
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Bank loans and overdrafts |
3,791 |
|
4,437 |
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Corporation tax |
(208) |
|
(526) |
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Other taxes and social security costs |
661 |
|
818 |
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Other creditors |
(4,171) |
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(4,584) |
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73 |
|
145 |
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The company is in receipt of a bounce back loan of £4,144. £3,315 is guranteed by the government. |
6 |
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7 |
Other information |
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AJP Autovalet Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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3 Barn Close |
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Long Eaton |
|
Nottinghamshire |
|
NG10 3SZ |