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REGISTERED NUMBER: 06592837 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Jtech Automotive Limited

Jtech Automotive Limited (Registered number: 06592837)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Jtech Automotive Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J G Packham





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 06592837 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

Jtech Automotive Limited (Registered number: 06592837)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 4,750
Tangible assets 5 86,316 77,547
90,316 82,297

CURRENT ASSETS
Stocks 29,500 29,500
Debtors 6 19,454 10,783
Cash at bank 38,112 33,372
87,066 73,655
CREDITORS
Amounts falling due within one year 7 109,379 88,202
NET CURRENT LIABILITIES (22,313 ) (14,547 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,003 67,750

CREDITORS
Amounts falling due after more than one year 8 (18,430 ) (27,828 )

PROVISIONS FOR LIABILITIES (16,399 ) (14,734 )
NET ASSETS 33,174 25,188

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 33,172 25,186
SHAREHOLDERS' FUNDS 33,174 25,188

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

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

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 director and authorised for issue on 28 November 2023 and were signed by:




J G Packham - Director


Jtech Automotive Limited (Registered number: 06592837)

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

1. STATUTORY INFORMATION

Jtech Automotive 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Jtech Automotive Limited (Registered number: 06592837)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022 10,250
Charge for year 750
At 31 March 2023 11,000
NET BOOK VALUE
At 31 March 2023 4,000
At 31 March 2022 4,750

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 170,574 9,545 12,325 1,675 194,119
Additions 15,728 6,849 - - 22,577
At 31 March 2023 186,302 16,394 12,325 1,675 216,696
DEPRECIATION
At 1 April 2022 100,313 2,259 12,325 1,675 116,572
Charge for year 11,688 2,120 - - 13,808
At 31 March 2023 112,001 4,379 12,325 1,675 130,380
NET BOOK VALUE
At 31 March 2023 74,301 12,015 - - 86,316
At 31 March 2022 70,261 7,286 - - 77,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 17,663 8,992
Other debtors 1,791 1,791
19,454 10,783

Jtech Automotive Limited (Registered number: 06592837)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8,915 8,915
Trade creditors 11,363 9,267
Taxation and social security 24,615 16,023
Other creditors 64,486 53,997
109,379 88,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 18,430 27,828

9. ULTIMATE CONTROLLING PARTY

The company is under the control of its director, J G Packham, who owns 100% of the issued ordinary share capital .