Jobling Accident Repair Centre Limited |
Registered Number:06724846 |
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
Jobling Accident Repair Centre Limited
Statement of Financial Position
2020
2021
Property, plant and equipment |
1,802
3,196
2
1,802
3,196
10,776
29,292
3
Trade and other receivables |
192,583
113,733
4
411,217
Cash and cash equivalents |
346,210
489,235
614,576
Trade and other payables: amounts falling due within |
one year |
(116,404)
(139,012)
5
498,172
350,223
Net current assets
Total assets less current liabilities |
352,025
501,368
Trade and other payables: amounts falling due after |
more than one year |
(48,333)
(37,785)
6
314,240
Net assets
453,035
80,714
80,714
233,526
372,321
314,240
453,035
Shareholders' funds
For the year ended 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as |
at the end of each financial year and of its profit or loss for each financial year in accordance with the |
requirements of Section 394 and 395 and which otherwise comply with the requirements of the |
Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 04 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Notes to the Financial Statements
Statutory Information
Jobling Accident Repair Centre Limited is a private limited company, limited by shares, domiciled in |
England and Wales, registration number 06724846. |
Sunderland Street
Sunderland
SR1 1UZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of |
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic |
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the |
historical costs convention as modified by the revaluation of certain assets. |
The financial statements have been prepared on a going concern basis as the directors believe that no |
material uncertainties exist. The directors have considered the level of funds held and the expected level |
of income and expenditure for 12 months from authorising these financial statements and have |
concluded that the company is able to continue as a going concern. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and equipment
Motor vehicles
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. |
2. Property, plant and equipment |
84,792
22,802
61,990
850
850
-
61,990
23,652
85,642
Provision for depreciation and impairment |
81,596
20,802
60,794
Charge for year
2,244
1,212
1,032
83,840
22,014
61,826
164
1,638
1,802
1,196
2,000
3,196
2020
2021
29,292
10,776
4. Trade and other receivables |
2020
2021
96,066
182,495
Taxation and social security |
15,837
9,000
1,830
1,088
192,583
113,733
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For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2020
2021
10,648
1,667
84,929
50,220
Taxation and social security |
32,934
56,150
10,501
8,367
139,012
116,404
6. Trade and other payables: amounts falling due after more than one year |
2020
2021
37,785
48,333
Analysis of creditors falling due after more than five years: |
-
8,333
7. Average number of persons employed |
During the year the average number of employees was 16 (2020 : 17)
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