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Registered number: 06068223
John Cox & Son Motor Engineers Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
SRL ACCOUNTING LIMITED
Unit 7a Waterside Business Park Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06068223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,922 86,003
74,922 86,003
CURRENT ASSETS
Debtors 5 29,133 6,289
Cash at bank and in hand - 200,464
29,133 206,753
Creditors: Amounts Falling Due Within One Year 6 119,915 (104,097 )
NET CURRENT ASSETS (LIABILITIES) 149,048 102,656
TOTAL ASSETS LESS CURRENT LIABILITIES 223,970 188,659
NET ASSETS 223,970 188,659
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 222,970 187,659
SHAREHOLDERS' FUNDS 223,970 188,659
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Cox
Director
30 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
John Cox & Son Motor Engineers Ltd Registered number 06068223 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 7a Waterside Business Park Waterside, Chesham, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% straight line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 30,607 121,071 3,913 155,591
Additions 19,163 - - 19,163
Disposals - (27,504 ) - (27,504 )
As at 29 February 2024 49,770 93,567 3,913 147,250
Depreciation
As at 1 March 2023 27,423 40,381 1,784 69,588
Provided during the period 6,485 19,255 833 26,573
Disposals - (23,833 ) - (23,833 )
As at 29 February 2024 33,908 35,803 2,617 72,328
Net Book Value
As at 29 February 2024 15,862 57,764 1,296 74,922
As at 1 March 2023 3,184 80,690 2,129 86,003
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,049 2,789
Director's loan account 25,084 2,500
Called up share capital not paid 1,000 1,000
29,133 6,289
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,786 10,767
Corporation tax 21,932 1,255
VAT 10,711 902
Other creditors (167,773 ) 88,547
PAYE Creditor 1,572 -
Accruals and deferred income 2,857 2,626
(119,915 ) 104,097
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1,000 1,000
Amount of Allotted, Called Up Share Capital 1,000 1,000
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Richard Cox - 21,500 - - -
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 72,495 71,079
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