Company No:
Contents
DIRECTOR | Mr J F Denbow |
REGISTERED OFFICE | Jupiter House |
Aspen Way | |
Yalberton Industrial Estate | |
Paignton | |
Devon | |
TQ4 7QR | |
United Kingdom |
COMPANY NUMBER | 13962552 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF |
Note | 31.03.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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69,299 | ||
Current assets | ||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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104,209 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (143,342) | |
Total assets less current liabilities | (74,043) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of JFD Motors Limited (registered number:
Mr J F Denbow
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
JFD Motors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Jupiter House, Aspen Way, Yalberton Industrial Estate, Paignton, Devon, TQ4 7QR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. As at 31 March 2023 the company had net liabilities of £74,043 and is reliant upon the support of it's group members. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The accounts are prepared for the period from incorporation on 8th March and cover a 13 month period.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Plant and machinery |
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Vehicles |
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Office equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Period from 08.03.2022 to 31.03.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including the director |
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Plant and machinery | Vehicles | Office equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 08 March 2022 |
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Additions |
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Disposals |
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At 31 March 2023 |
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Accumulated depreciation | |||||||
At 08 March 2022 |
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Charge for the financial period |
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At 31 March 2023 |
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Net book value | |||||||
At 31 March 2023 |
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31.03.2023 | |
£ | |
Trade debtors |
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Amounts owed by Group undertakings |
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Other debtors |
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31.03.2023 | |
£ | |
Trade creditors |
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Amounts owed to Group undertakings |
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Taxation and social security |
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Other creditors |
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31.03.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with the entity's director
31.03.2023 | |
£ | |
Amounts owed to/(by) Directors | (1,204) |
JFD Motors Limited operates a Directors' Loan Account with the company director . There is no fixed date of repayment and the loan bears interest of 2% on any amounts overdrawn by more than £10,000.
Parent Company:
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Jupiter House Aspen Way Yalberton Industrial Estate Paignton Devon, TQ4 7QR |