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REGISTERED NUMBER: 06457800 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

JAGUAR & ASTON SPECIALISTS LIMITED

JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAGUAR & ASTON SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: G N Pattison





REGISTERED OFFICE: Unit 2
Castle Road Business Precinct
Sittingbourne
Kent
ME10 3RP





REGISTERED NUMBER: 06457800 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,911 25,366

CURRENT ASSETS
Stocks 74,040 99,580
Debtors 5 5,134 1,800
Cash at bank - 2,737
79,174 104,117
CREDITORS
Amounts falling due within one year 6 233,937 200,516
NET CURRENT LIABILITIES (154,763 ) (96,399 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(133,852

)

(71,033

)

CREDITORS
Amounts falling due after more than one
year

7

40,995

44,998
NET LIABILITIES (174,847 ) (116,031 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (174,947 ) (116,131 )
SHAREHOLDERS' FUNDS (174,847 ) (116,031 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)

BALANCE SHEET - continued
31 DECEMBER 2022


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 29 February 2024 and were signed by:





G N Pattison - Director


JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Jaguar & Aston Specialists 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.

These accounts have been prepared on the going concern basis. The directors and shareholders will continue to financially support the company for the foreseeable future, ensuring the company retains sufficient working capital to continue trading.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of specialist restoration services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance, 15% on reducing balance and 10% on cost
Computer equipment - 33% on cost and 20% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently 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 balance sheet date.

JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
At 1 January 2022
and 31 December 2022 25,080 4,410 30,917 2,101 62,508
DEPRECIATION
At 1 January 2022 19,342 3,026 14,093 681 37,142
Charge for year 574 139 3,390 352 4,455
At 31 December 2022 19,916 3,165 17,483 1,033 41,597
NET BOOK VALUE
At 31 December 2022 5,164 1,245 13,434 1,068 20,911
At 31 December 2021 5,738 1,384 16,824 1,420 25,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,534 1,800
Other debtors 1,600 -
5,134 1,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,975 5,000
Trade creditors 9,960 9,064
Taxation and social security 2,531 3,333
Other creditors 206,471 183,119
233,937 200,516

Creditors include £172,136 (2021: £137,918) owed to the director G N Pattison and is on an interest free basis.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 40,995 44,998

JAGUAR & ASTON SPECIALISTS LIMITED (REGISTERED NUMBER: 06457800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over more than 5 yrs by
instalments

22,775

24,999

8. RELATED PARTY DISCLOSURES

During the period under review the company rented a property from the director, G N Pattison.

The total value of the rentals in the period was £17,600 (2021: £19,200).