Period from 5 June 2019 to
Registration number:
AJ Developments (Cannon Street) Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
AJ Developments (Cannon Street) Ltd
Company Information
Directors |
M S Adams S T Janes |
Registered office |
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Accountants |
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AJ Developments (Cannon Street) Ltd
Balance Sheet
30 June 2020
Note |
2020 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
( |
AJ Developments (Cannon Street) Ltd
Balance Sheet
30 June 2020
For the financial period ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 12033311
AJ Developments (Cannon Street) Ltd
Notes to the Unaudited Financial Statements
Period from 5 June 2019 to 30 June 2020
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors (and bankers).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
AJ Developments (Cannon Street) Ltd
Notes to the Unaudited Financial Statements
Period from 5 June 2019 to 30 June 2020
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
AJ Developments (Cannon Street) Ltd
Notes to the Unaudited Financial Statements
Period from 5 June 2019 to 30 June 2020
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
No employees are employed directly by the company and wages are recharged from other group companies.
Stocks |
2020 |
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Work in progress |
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Debtors |
Note |
2020 |
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Amounts owed by group undertakings |
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Prepayments |
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Other debtors |
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AJ Developments (Cannon Street) Ltd
Notes to the Unaudited Financial Statements
Period from 5 June 2019 to 30 June 2020
Creditors |
Creditors: amounts falling due within one year
Note |
2020 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2020 |
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Due after one year |
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Loans and borrowings |
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2020 |
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Due after more than five years |
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After more than five years by instalments |
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AJ Developments (Cannon Street) Ltd
Notes to the Unaudited Financial Statements
Period from 5 June 2019 to 30 June 2020
Loans and borrowings |
2020 |
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Loans and borrowings due after one year |
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Bank borrowings |
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Other than a £50,000 bounce back loan, the rest of the bank borrowings are secured against the property held in stock.
2020 |
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Current loans and borrowings |
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Bank borrowings |
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Share capital |
Allotted, called up and fully paid shares
2020 |
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No. |
£ |
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2 |