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REGISTERED NUMBER: 09240722 (England and Wales)















JEDI 4X4 LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021






JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JEDI 4X4 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTOR: D McGuinness





SECRETARY: L McGuinness





REGISTERED OFFICE: Unit N
Waterfoot Business Centre
Clarke Holme Street
Rossendale
BB4 9HR





REGISTERED NUMBER: 09240722 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 22,972 18,202

CURRENT ASSETS
Inventories 130,268 81,193
Debtors 5 4,747 3,895
Cash at bank 15,895 19,749
150,910 104,837
CREDITORS
Amounts falling due within one year 6 (181,194 ) (99,280 )
NET CURRENT (LIABILITIES)/ASSETS (30,284 ) 5,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,312

)

23,759

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(46,250

)
NET LIABILITIES (22,312 ) (22,491 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,313 ) (22,492 )
SHAREHOLDERS' FUNDS (22,312 ) (22,491 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2022 and were signed by:





D McGuinness - Director


JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Jedi 4x4 Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09240722 and registered office address is Unit N, Waterfoot Business Centre, Clarke Holme Street, Rossendale, BB4 9HR.

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.

Going concern
The director has considered the impact of the global Covid-19 pandemic on the company and recognises that the future cannot be predicted with any certainty. Despite the challenging economic conditions, the reported results are encouraging and the director is confident that the company will continue to trade profitably.

Taking all factors into account, the director is satisfied that the company is a going concern and that the accounts have been correctly prepared on this basis.

Critical accounting estimates and judgements
In the opinion of the director there are currently no critical accounting estimates or judgements applied in preparing the financial statements.

Revenue
Revenue represents the aggregate of the fair value of the sale of motor vehicles. Sales of motor vehicles are recognised when the company has supplied the vehicle to the customer, the customer has accepted the vehicle and collection of the related receivables is anticipated.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% straight line

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102.

Grants relating to revenue have been recognised in the same period as the related costs for which the grant is intended to compensate.

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

Cost is based on purchase price. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion and disposal.

JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing commitments
Rentals paid under operating leases are charged to the income statement 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 (2020 - 2 ) .

JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2020 22,522
Additions 9,993
At 30 September 2021 32,515
DEPRECIATION
At 1 October 2020 4,320
Charge for year 5,223
At 30 September 2021 9,543
NET BOOK VALUE
At 30 September 2021 22,972
At 30 September 2020 18,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 613 325
Other debtors 4,134 3,570
4,747 3,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 3,750
Trade creditors 16,059 4,130
Taxation and social security 901 3,011
Other creditors 154,234 88,389
181,194 99,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 15,000 46,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,250

JEDI 4X4 LTD (REGISTERED NUMBER: 09240722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year - 1,443