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REGISTERED NUMBER: 06636326


















Unaudited Financial Statements

for the Year Ended 30 July 2023

for

C J's Specialist Vehicles Ltd

C J's Specialist Vehicles Ltd (Registered number: 06636326)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

C J's Specialist Vehicles Ltd

Company Information
for the Year Ended 30 July 2023







DIRECTOR: C J Lynch





REGISTERED OFFICE: Moat Farm, Old Chelmsford Road
Rawreth
Wickford
Essex
SS11 8SJ





REGISTERED NUMBER: 06636326





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

C J's Specialist Vehicles Ltd (Registered number: 06636326)

Balance Sheet
30 July 2023

30.7.23 30.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,152 27,282

CURRENT ASSETS
Stocks 5 365,170 237,500
Debtors 6 35,464 8,146
Cash at bank and in hand 21,344 16,724
421,978 262,370
CREDITORS
Amounts falling due within one year 7 473,980 309,737
NET CURRENT LIABILITIES (52,002 ) (47,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,850

)

(20,085

)

CREDITORS
Amounts falling due after more than one
year

8

(30,917

)

(49,593

)

PROVISIONS FOR LIABILITIES (4,969 ) (5,184 )
NET LIABILITIES (61,736 ) (74,862 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (61,738 ) (74,864 )
SHAREHOLDERS' FUNDS (61,736 ) (74,862 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

C J's Specialist Vehicles Ltd (Registered number: 06636326)

Balance Sheet - continued
30 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





C J Lynch - Director


C J's Specialist Vehicles Ltd (Registered number: 06636326)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

C J's Specialist Vehicles Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The company has a balance sheet deficit of £61,736 (2022: £74,862). However, £375,061 (2022: £251,430) of the funding for the company is by way of a director's loan account. The director has made a commitment not to seek repayment of the loan within the foreseeable future. The director is confident that the company will trade out of its current position and therefore considers it necessary and appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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 - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

C J's Specialist Vehicles Ltd (Registered number: 06636326)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 July 2022 105,128 - 105,128
Additions 2,995 3,542 6,537
At 30 July 2023 108,123 3,542 111,665
DEPRECIATION
At 31 July 2022 77,846 - 77,846
Charge for year 7,195 472 7,667
At 30 July 2023 85,041 472 85,513
NET BOOK VALUE
At 30 July 2023 23,082 3,070 26,152
At 30 July 2022 27,282 - 27,282

5. STOCKS
30.7.23 30.7.22
£    £   
Stocks 165,170 39,850
Finished goods 200,000 197,650
365,170 237,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Trade debtors 13,183 8,146
VAT 21,057 -
Prepayments and accrued income 1,224 -
35,464 8,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 10,278 10,278
Trade creditors 55,012 12,283
Social security and other taxes 11,781 6,478
Wages control - 3,130
VAT - 792
Other creditors 8,498 13,609
Accruals 4,350 2,737
Directors' current accounts 375,061 251,430
473,980 309,737

C J's Specialist Vehicles Ltd (Registered number: 06636326)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.23 30.7.22
£    £   
Bank loans - 1-2 years 9,000 9,000
Bank loans - 2-5 years 13,352 21,750
Hire purchase contracts 8,565 18,843
30,917 49,593

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.7.23 30.7.22
value: £    £   
2 Ordinary 1 2 2

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
C J's Specialist Vehicles Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C J's Specialist Vehicles Ltd for the year ended 30 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of C J's Specialist Vehicles Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C J's Specialist Vehicles Ltd and state those matters that we have agreed to state to the director of C J's Specialist Vehicles Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C J's Specialist Vehicles Ltd and its director for our work or for this report.

It is your duty to ensure that C J's Specialist Vehicles Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C J's Specialist Vehicles Ltd. You consider that C J's Specialist Vehicles Ltd 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 financial statements of C J's Specialist Vehicles Ltd. 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 financial statements.

We draw your attention to note 1 of the financial statements stating that the accounts have been compiled on a going concern basis, notwithstanding that the company has a deficiency of shareholders' funds.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


30 July 2024