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Jobling Accident Repair Centre Limited
Registered Number:06724846
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Contents Page
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Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
06724846
As at 31 December 2021
Jobling Accident Repair Centre Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
1,802
3,196
2
1,802
3,196
Current assets
Inventories
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
Capital and reserves
Called up share capital
80,714
80,714
Retained earnings
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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Registered Number :
06724846
For the year ended 31 December 2021
Jobling Accident Repair Centre Limited
Statement of Financial Position Continued
G. Parkin Director
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.
Registered address:
Sunderland Street
Sunderland
SR1 1UZ
The presentation currency is £ sterling.
1. Accounting policies
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.
Going Concern
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
10-33% per annum on cost
10-33% per annum on cost
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
Total
Motor
vehicles
Plant and
equipment
£
£
£
Cost or
valuation
At 01 January 2021
84,792
22,802
61,990
850
850
-
Additions
At 31 December 2021
61,990
23,652
85,642
Provision for depreciation and impairment
At 01 January 2021
81,596
20,802
60,794
Charge for year
2,244
1,212
1,032
At 31 December 2021
83,840
22,014
61,826
At 31 December 2021
Net book value
164
1,638
1,802
At 31 December 2020
1,196
2,000
3,196
3. Inventories
2020
2021
£
£
Stocks
29,292
10,776
4. Trade and other receivables
2020
2021
£
£
Trade debtors
96,066
182,495
Taxation and social security
15,837
9,000
Other debtors
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
£
£
Bank loans and overdraft
10,648
1,667
Trade creditors
84,929
50,220
Taxation and social security
32,934
56,150
Other creditors
10,501
8,367
139,012
116,404
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
37,785
48,333
Analysis of creditors falling due after more than five years:
Payable by instalments
-
8,333
7. Average number of persons employed
During the year the average number of employees was 16 (2020 : 17)
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