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REGISTERED NUMBER: 05708324 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Jervis Auto Services Limited

Jervis Auto Services Limited (Registered number: 05708324)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jervis Auto Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr R Jervis
Mrs S Jervis





SECRETARY: Mrs S Jervis





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 05708324 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Jervis Auto Services Limited (Registered number: 05708324)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,331 2,949

CURRENT ASSETS
Stocks 500 500
Debtors 5 28,270 20,049
Cash at bank 4,116 2,357
32,886 22,906
CREDITORS
Amounts falling due within one year 6 24,153 18,813
NET CURRENT ASSETS 8,733 4,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,064

7,042

PROVISIONS FOR LIABILITIES 923 450
NET ASSETS 13,141 6,592

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 13,041 6,492
SHAREHOLDERS' FUNDS 13,141 6,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Jervis Auto Services Limited (Registered number: 05708324)

Statement of Financial Position - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr R Jervis - Director


Jervis Auto Services Limited (Registered number: 05708324)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Jervis Auto Services Limited 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.
Plant, machinery and small tools - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 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 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 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.

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 - 3 ) .

Jervis Auto Services Limited (Registered number: 05708324)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant,
machinery Fixtures
and small and Office
tools fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 68,304 2,517 3,746 74,567
Additions 300 3,859 - 4,159
At 28 February 2023 68,604 6,376 3,746 78,726
DEPRECIATION
At 1 March 2022 65,754 2,460 3,404 71,618
Charge for year 712 979 86 1,777
At 28 February 2023 66,466 3,439 3,490 73,395
NET BOOK VALUE
At 28 February 2023 2,138 2,937 256 5,331
At 28 February 2022 2,550 57 342 2,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 901 -
Directors' loan accounts 26,897 19,769
Prepayments 472 280
28,270 20,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,416 4,131
Tax 4,061 5,167
Other taxes & social security 321 351
VAT 2,877 2,655
Other creditors 5,753 1,909
Accruals and deferred income 3,725 4,600
24,153 18,813

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Jervis Auto Services Limited (Registered number: 05708324)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr R Jervis
Balance outstanding at start of year 19,769 33,299
Amounts advanced 37,502 35,808
Amounts repaid (30,374 ) (49,338 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,897 19,769

Interest was charged on the director's advances at HM Revenue & Customs official rate of 2% per annum.

The outstanding advances were repaid within nine months of the year end.