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REGISTERED NUMBER: 04842248 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J R MOTOR COMPANY (UK) LIMITED

J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J R MOTOR COMPANY (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: I Robertson



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 04842248 (England and Wales)



BANKERS: National Westminster Bank Plc
16 Warwick Road
Kenilworth
Warwickshire
CV8 1ZJ

J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,179 204,793

CURRENT ASSETS
Stocks 466,193 493,937
Prepayments and accrued income 2,299 2,225
Cash at bank 46,982 58,022
515,474 554,184
CREDITORS
Amounts falling due within one year 5 204,710 244,861
NET CURRENT ASSETS 310,764 309,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,943

514,116

CREDITORS
Amounts falling due after more than one
year

6

(133,084

)

(153,446

)

ACCRUALS AND DEFERRED INCOME (3,794 ) (3,368 )
NET ASSETS 372,065 357,302

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 372,061 357,298
SHAREHOLDERS' FUNDS 372,065 357,302

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

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

J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)

BALANCE SHEET - continued
31 December 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 17 September 2024 and were signed by:





I Robertson - Director


J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

J R Motor Company (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1

These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2014.

The transduction to FRS 102 Section 1A small entities has had no effect on the reporting position and performance in the financial statements.

Turnover
Turnover comprises the value of sales (excluding value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - 2% on cost
Equipment - 20% on reducing balance
Website - 20% on reducing balance
Motor vehicles - 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 1 (2022 - 1 ) .

J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Motor
buildings Equipment Website vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 227,966 6,941 3,870 9,700 248,477
DEPRECIATION
At 1 January 2023 31,627 5,932 3,700 2,425 43,684
Charge for year 4,559 202 34 1,819 6,614
At 31 December 2023 36,186 6,134 3,734 4,244 50,298
NET BOOK VALUE
At 31 December 2023 191,780 807 136 5,456 198,179
At 31 December 2022 196,339 1,009 170 7,275 204,793

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,643 21,643
Trade creditors 1,500 -
Taxation and social security 12,673 6,208
Other creditors 168,894 217,010
204,710 244,861

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 133,084 153,446

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 71,581 82,053
Nat West loan 14,930 24,820
86,511 106,873

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 154,727 175,089

The amount due is secured by a fixed and floating charge over the assets of the company.

J R MOTOR COMPANY (UK) LIMITED (REGISTERED NUMBER: 04842248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is I Robertson.