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Company Registration No. 03878796 (England and Wales)
Peter Johnson Motor Body Repairs Limited Unaudited accounts for the year ended 31 December 2023
Peter Johnson Motor Body Repairs Limited Unaudited accounts Contents
Page
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Peter Johnson Motor Body Repairs Limited Company Information for the year ended 31 December 2023
Directors
Ricky Mote Jordan Wood
Secretary
Christine Wood
Company Number
03878796 (England and Wales)
Registered Office
Unit 3d Beeching Road Bexhill-On-Sea TN39 3LG England
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Peter Johnson Motor Body Repairs Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,927 
72,521 
Current assets
Inventories
3,300 
3,000 
Debtors
55,642 
63,158 
Cash at bank and in hand
152,293 
102,313 
211,235 
168,471 
Creditors: amounts falling due within one year
(112,845)
(95,862)
Net current assets
98,390 
72,609 
Total assets less current liabilities
164,317 
145,130 
Creditors: amounts falling due after more than one year
(19,743)
(39,969)
Provisions for liabilities
Deferred tax
(9,046)
(10,716)
Net assets
135,528 
94,445 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
135,328 
94,245 
Shareholders' funds
135,528 
94,445 
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 23 June 2024 and were signed on its behalf by
Jordan Wood Director Company Registration No. 03878796
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Peter Johnson Motor Body Repairs Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Peter Johnson Motor Body Repairs Limited is a private company, limited by shares, registered in England and Wales, registration number 03878796. The registered office is Unit 3d Beeching Road, Bexhill-On-Sea, TN39 3LG, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Peter Johnson Motor Body Repairs Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
1,001 
At 31 December 2023
1,001 
Amortisation
At 1 January 2023
1,001 
At 31 December 2023
1,001 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
67,118 
118,331 
4,769 
5,408 
195,626 
Additions
2,899 
12,422 
- 
- 
15,321 
At 31 December 2023
70,017 
130,753 
4,769 
5,408 
210,947 
Depreciation
At 1 January 2023
61,393 
52,644 
4,018 
5,050 
123,105 
Charge for the year
2,156 
19,527 
113 
119 
21,915 
At 31 December 2023
63,549 
72,171 
4,131 
5,169 
145,020 
Net book value
At 31 December 2023
6,468 
58,582 
638 
239 
65,927 
At 31 December 2022
5,725 
65,687 
751 
358 
72,521 
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Peter Johnson Motor Body Repairs Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,890 
56,395 
Accrued income and prepayments
7,452 
6,463 
Other debtors
300 
300 
55,642 
63,158 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,257 
9,890 
VAT
31,018 
38,692 
Obligations under finance leases and hire purchase contracts
7,838 
7,838 
Trade creditors
3,478 
3,620 
Taxes and social security
55,642 
29,917 
Other creditors
1,377 
1,370 
Loans from directors
664 
40 
Accruals
1,571 
4,495 
112,845 
95,862 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,558 
24,946 
Obligations under finance leases and hire purchase contracts
7,185 
15,023 
19,743 
39,969 
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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