TJH AUTO LTD

Company Registration Number:
07979819 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TJH AUTO LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

TJH AUTO LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 161,420 115,130
Investments:   0 0
Total fixed assets: 161,420 115,130
Current assets
Stocks: 131,535 147,146
Debtors:   90,568 82,775
Cash at bank and in hand: 53,145 62,430
Investments:   0 0
Total current assets: 275,248 292,351
Creditors: amounts falling due within one year: 4 (101,499) (111,496)
Net current assets (liabilities): 173,749 180,855
Total assets less current liabilities: 335,169 295,985
Creditors: amounts falling due after more than one year: 5 (46,403) (24,159)
Provision for liabilities: (27,829) (19,314)
Total net assets (liabilities): 260,937 252,512
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:610,27911,586
Profit and loss account: 250,558 240,826
Shareholders funds: 260,937 252,512

The notes form part of these financial statements

TJH AUTO LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: T J Hookway
Status: Director

The notes form part of these financial statements

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the companys activities. Turnover is shown net of sales, value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Fixtures and fitting - 15% written down value Motor vehicles - 25% written down value Office equipment - 15% written down value Plant and machinery - 15% written down value

Intangible fixed assets and amortisation policy

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - 10 years straight line

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 283,809
Additions 74,873
Disposals (8,088)
Revaluations 0
Transfers 0
At 31 March 2024 350,594
Depreciation
At 01 April 2023 168,679
Charge for year 25,843
On disposals (5,348)
At 31 March 2024 189,174
Net book value
At 31 March 2024 161,420
At 31 March 2023 115,130

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Creditors include COVID bank loan of which £4,353 (2023- £10,008) and hire purchase of which £13,065 is repayable within the next year.

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Creditors include COVID bank loan of which £17,412 (2023 - £24,159) and hire purchase of which £22,824 is repayable within the next 2- 5 years. Covid bank loan repayable by instalments of £6,167 (2023 - £0.00) due after more than five years.

TJH AUTO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Revaluation reserve

2024
£
Balance at 01 April 2023 11,586
Surplus or deficit after revaluation (1,307)
Balance at 31 March 2024 10,279