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Company Registration No. 04596822 (England and Wales)
C & J Transmissions Limited Unaudited accounts for the year ended 31 March 2024
C & J Transmissions Limited Unaudited accounts Contents
Page
- 2 -
C & J Transmissions Limited Company Information for the year ended 31 March 2024
Directors
Julie Ann Hodson Christopher George Short
Company Number
04596822 (England and Wales)
- 3 -
C & J Transmissions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,623 
20,581 
Investment property
580,000 
580,000 
609,623 
600,581 
Current assets
Inventories
70,000 
73,835 
Debtors
71,439 
130,527 
Cash at bank and in hand
140,329 
187,055 
281,768 
391,417 
Creditors: amounts falling due within one year
(106,820)
(136,439)
Net current assets
174,948 
254,978 
Total assets less current liabilities
784,571 
855,559 
Creditors: amounts falling due after more than one year
(67,245)
(96,339)
Provisions for liabilities
Deferred tax
(24,578)
(22,861)
Net assets
692,748 
736,359 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
692,746 
736,357 
Shareholders' funds
692,748 
736,359 
For the year ending 31 March 2024 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 21 August 2024 and were signed on its behalf by
Julie Ann Hodson Director Company Registration No. 04596822
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C & J Transmissions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
C & J Transmissions Limited is a private company, limited by shares, registered in England and Wales, registration number 04596822.
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.
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.
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:
Land & buildings
Fair Value
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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C & J Transmissions Limited Notes to the Accounts for the year ended 31 March 2024
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
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 April 2023
110,637 
42,229 
21,982 
9,837 
184,685 
Additions
19,567 
- 
- 
645 
20,212 
Disposals
(8,500)
- 
- 
- 
(8,500)
At 31 March 2024
121,704 
42,229 
21,982 
10,482 
196,397 
Depreciation
At 1 April 2023
101,330 
34,532 
20,694 
7,548 
164,104 
Charge for the year
6,972 
1,924 
321 
968 
10,185 
On disposals
(7,515)
- 
- 
- 
(7,515)
At 31 March 2024
100,787 
36,456 
21,015 
8,516 
166,774 
Net book value
At 31 March 2024
20,917 
5,773 
967 
1,966 
29,623 
At 31 March 2023
9,307 
7,697 
1,288 
2,289 
20,581 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
580,000 
At 31 March 2024
580,000 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
70,000 
73,835 
70,000 
73,835 
- 6 -
C & J Transmissions Limited Notes to the Accounts for the year ended 31 March 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,293 
130,077 
Other debtors
7,146 
450 
71,439 
130,527 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,482 
24,177 
VAT
22,069 
34,982 
Trade creditors
12,819 
40,831 
Taxes and social security
33,360 
43,073 
Other creditors
- 
3,916 
Loans from directors
- 
(13,333)
Accruals
4,090 
2,793 
106,820 
136,439 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
67,245 
96,339 
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
24,578 
22,861 
2024 
2023 
£ 
£ 
Provision at start of year
22,861 
23,286 
Charged/(credited) to the profit and loss account
1,717 
(425)
Provision at end of year
24,578 
22,861 
11
Average number of employees
During the year the average number of employees was 8 (2023: 10).
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