Company Registration No. 6779295 (England and Wales)
J C L Car Sales Limited
Unaudited accounts
for the year ended 31 December 2023
J C L Car Sales Limited
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of J C L Car Sales Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J C L Car Sales Limited for the year ended
31 December 2023 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of J C L Car Sales Limited, as a body, in accordance with the terms of our engagement letter dated 8 January 2009. Our work has been undertaken solely to prepare for your approval the accounts of J C L Car Sales Limited and state those matters that we have agreed to state to the Board of Directors of J C L Car Sales Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J C L Car Sales Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J C L Car Sales Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J C L Car Sales Limited. You consider that J C L Car Sales Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J C L Car Sales Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Business Information Systems
Chartered Accountants
11 Upper Church Park
Mumbles
Swansea
SA3 4DD
19 April 2024
J C L Car Sales Limited
Statement of financial position
as at 31 December 2023
Inventories
285,518
172,015
Cash at bank and in hand
61,173
178,520
Creditors: amounts falling due within one year
(148,407)
(145,805)
Net current assets
266,633
253,611
Net assets
268,004
254,390
Called up share capital
100
100
Profit and loss account
267,904
254,290
Shareholders' funds
268,004
254,390
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
J C Loveridge
Director
Company Registration No. 6779295
J C L Car Sales Limited
Notes to the Accounts
for the year ended 31 December 2023
J C L Car Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 6779295. The registered office is 24 Aber Llwchwr, Llangennech, Llanelli, SA14 8AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 31 December 2023
17,838
At 31 December 2023
16,467
Amounts falling due within one year
Trade debtors
60,250
41,500
Accrued income and prepayments
8,099
7,381
J C L Car Sales Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,951
34,822
Obligations under finance leases and hire purchase contracts
16,589
-
Trade creditors
8,835
8,279
Taxes and social security
18,977
(3,587)
Loans from directors
64,347
90,810
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).