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REGISTERED NUMBER: NI012339 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

JRA Autoquip (NI) Limited

JRA Autoquip (NI) Limited (Registered number: NI012339)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JRA Autoquip (NI) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R Adair
Mrs R Adair
B Auten





SECRETARY: Mrs R Adair





REGISTERED OFFICE: Rose Cottage
31a Lurganville Road
Moira
Armagh
BT67 0PL





REGISTERED NUMBER: NI012339 (Northern Ireland)





ACCOUNTANTS: ASC Wylie UBU Ltd
Qualified Accountants, Tax & Business Advisors
7 Lisburn Street
Royal Hillsborough
Co. Down
BT26 6AB

JRA Autoquip (NI) Limited (Registered number: NI012339)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,759 2,442

CURRENT ASSETS
Stocks 339,121 309,455
Debtors 5 367,292 309,142
Cash at bank and in hand 14,024 578
720,437 619,175
CREDITORS
Amounts falling due within one year 6 246,655 211,711
NET CURRENT ASSETS 473,782 407,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,541

409,906

CREDITORS
Amounts falling due after more than one
year

7

(18,333

)

(28,333

)

PROVISIONS FOR LIABILITIES (2,827 ) -
NET ASSETS 470,381 381,573

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 470,061 381,253
470,381 381,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

JRA Autoquip (NI) Limited (Registered number: NI012339)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 22 October 2023 and were signed on its behalf by:




R Adair - Director



B Auten - Director


JRA Autoquip (NI) Limited (Registered number: NI012339)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

JRA Autoquip (NI) Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 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 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.

JRA Autoquip (NI) Limited (Registered number: NI012339)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 16,722 93,034 109,756
Additions - 22,031 22,031
Disposals - (1,409 ) (1,409 )
At 31 July 2023 16,722 113,656 130,378
DEPRECIATION
At 1 August 2022 16,722 90,592 107,314
Charge for year - 6,642 6,642
Eliminated on disposal - (1,337 ) (1,337 )
At 31 July 2023 16,722 95,897 112,619
NET BOOK VALUE
At 31 July 2023 - 17,759 17,759
At 31 July 2022 - 2,442 2,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 366,435 301,948
Other debtors 857 7,194
367,292 309,142

JRA Autoquip (NI) Limited (Registered number: NI012339)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,067 78,639
Trade creditors 41,857 12,832
Taxation and social security 64,152 26,557
Other creditors 130,579 93,683
246,655 211,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,333