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REGISTERED NUMBER: 09954203 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

J.R. VEHICLE CONVERSIONS LTD

J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


J.R. VEHICLE CONVERSIONS LTD

Company Information
for the Year Ended 31 March 2022







DIRECTORS: J RICHARDSON
N L MULHOLLAND





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 09954203 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)

Report of the Directors
for the Year Ended 31 March 2022

The directors present their report with the financial statements of the company for the year ended 31 March 2022.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2021 to the date of this report.

J RICHARDSON
N L MULHOLLAND

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J RICHARDSON - Director


1 September 2022

J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2022

31/3/22 31/3/21
Notes £    £   

TURNOVER 136,140 283,603

Cost of sales 256,379 265,908
GROSS (LOSS)/PROFIT (120,239 ) 17,695

Administrative expenses 49,945 73,096
OPERATING LOSS and
LOSS BEFORE TAXATION (170,184 ) (55,401 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (170,184 ) (55,401 )

Retained earnings at beginning of year (27,287 ) 28,114

RETAINED EARNINGS AT END OF YEAR (197,471 ) (27,287 )

J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)

Balance Sheet
31 March 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 36,050 37,250

CURRENT ASSETS
Stocks 58,000 150,000
Cash at bank and in hand 20,817 24,455
78,817 174,455
CREDITORS
Amounts falling due within one year 6 265,885 188,990
NET CURRENT LIABILITIES (187,068 ) (14,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES (151,018 ) 22,715

CREDITORS
Amounts falling due after more than one year 7 46,451 50,000
NET LIABILITIES (197,469 ) (27,285 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (197,471 ) (27,287 )
SHAREHOLDERS' FUNDS (197,469 ) (27,285 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





J RICHARDSON - Director


J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

J.R. VEHICLE CONVERSIONS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31/3/22 31/3/21
£    £   
Depreciation - owned assets 1,200 1,200

J.R. VEHICLE CONVERSIONS LTD (Registered number: 09954203)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021
and 31 March 2022 43,250
DEPRECIATION
At 1 April 2021 6,000
Charge for year 1,200
At 31 March 2022 7,200
NET BOOK VALUE
At 31 March 2022 36,050
At 31 March 2021 37,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Bank loans and overdrafts 7,986 -
Trade creditors 5 6
Tax 1,496 1,496
VAT 31,731 21,172
Directors' current accounts 219,517 162,666
Accrued expenses 5,150 3,650
265,885 188,990

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/22 31/3/21
£    £   
Bounce Back Loan 46,451 50,000