01 February 2023 31 January 2024 No principle activity is included 04064479 2023-02-01 04064479 2024-01-31 04064479 2023-02-01 2024-01-31 04064479 2023-01-31 04064479 2022-02-01 2023-01-31 04064479 uk-core:WithinOneYear 2024-01-31 04064479 uk-core:WithinOneYear 2023-01-31 04064479 uk-core:AfterOneYear 2024-01-31 04064479 uk-core:AfterOneYear 2023-01-31 04064479 uk-core:ShareCapital 2024-01-31 04064479 uk-core:ShareCapital 2023-01-31 04064479 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 04064479 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 04064479 uk-bus:Director1 2023-02-01 2024-01-31 04064479 uk-curr:PoundSterling 2023-02-01 2024-01-31 04064479 uk-core:PlantMachinery 2023-02-01 2024-01-31 04064479 uk-core:Vehicles 2023-02-01 2024-01-31 04064479 uk-core:FurnitureFittings 2023-02-01 2024-01-31 04064479 uk-core:OfficeEquipment 2023-02-01 2024-01-31 04064479 uk-core:NetGoodwill 2023-01-31 04064479 uk-core:NetGoodwill 2024-01-31 04064479 uk-core:NetGoodwill 2023-02-01 2024-01-31 04064479 uk-core:VehiclesPlantMachinery 2023-01-31 04064479 uk-core:VehiclesPlantMachinery 2023-02-01 2024-01-31 04064479 uk-core:VehiclesPlantMachinery 2024-01-31 04064479 uk-core:BetweenTwoFiveYears 2024-01-31 04064479 uk-core:BetweenTwoFiveYears 2023-01-31 04064479 uk-bus:FRS102 2023-02-01 2024-01-31 04064479 uk-bus:FullAccounts 2023-02-01 2024-01-31 04064479 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04064479 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  TJS MOTORS LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 JANUARY 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  TJS MOTORS LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
  DIRECTORS
       
  Mr T J Seaton
  Mrs S Seaton
  Mr D Seaton
  Mr J Allnutt
       
       
  SECRETARY
       
  Mrs S Seaton
       
  REGISTERED OFFICE
       
  Unit 2
Hyatt Trading Estate
Babbage Road
Stevenage
Herts
SG1 2EQ
       
       
  COMPANY REGISTERED NUMBER
       
  04064479
       
       
  BANKERS
       
  Natwest Bank plc
       
       
  ACCOUNTANTS
       
  Haartwells
  Chartered Certified Accountants
  25 Park Street West
Luton
Beds
LU1 3BE
       
  page 1
  TJS MOTORS LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  TJS MOTORS LTD
  Company registered number: 04064479
  STATEMENT OF FINANCIAL POSITION AT 31 January 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Intangible assets 3 225 1,450
  Property, plant and equipment 4 73,251 74,858
      73,476 76,308
  CURRENT ASSETS    
  Inventories   11,250 21,975
  Debtors 5 11,175 21,128
  Cash at bank and in hand   10,839 10,628
      33,264 53,731
  CREDITORS: Amounts falling due within one year 6 81,964 92,494
  NET CURRENT LIABILITIES   (48,700) (38,763)
  TOTAL ASSETS LESS CURRENT LIABILITIES   24,776 37,545
           
  CREDITORS: Amounts falling due after more than one year 7 (14,290) (34,178)
  NET ASSETS   £10,486 £3,367
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   10,386 3,267
  SHAREHOLDERS' FUNDS   £10,486 £3,367
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  TJS MOTORS LTD
  Company registered number: 04064479
  STATEMENT OF FINANCIAL POSITION AT 31 January 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question 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 of its financial statements for the year ended 31 January 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 17 October 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr T J Seaton, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  TJS MOTORS LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  TJS Motors Ltd is a Private Limited Company incorporated in England & Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 February 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 10%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 10%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  TJS MOTORS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1k. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
       
  Management and administration 1 1
  Production and sales 3 3
    4 4
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  TJS MOTORS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
3. INTANGIBLE FIXED ASSETS
       
    Goodwill Total
    £ £
  Cost
       
  At 1 February 2023 45,000 45,000
  At 31 January 2024 45,000 45,000
  Amortisation
       
  At 1 February 2023 43,550 43,550
  For the year 1,225 1,225
  At 31 January 2024 44,775 44,775
   
  Net Book Amounts
       
  At 31 January 2024 225 225
  At 31 January 2023 1,450 1,450
   
       
4. PROPERTY, PLANT AND EQUIPMENT
    Plant &  
    Machinery Total
    £ £
  Cost
       
  At 1 February 2023 169,887 169,887
  Additions other than through business combinations 7,750 7,750
       
  At 31 January 2024 177,637 177,637
   
  Depreciation
       
  At 1 February 2023 95,029 95,029
  For the year 9,357 9,357
  At 31 January 2024 104,386 104,386
   
  Net Book Amounts
       
  At 31 January 2024 73,251 73,251
  At 31 January 2023 74,858 74,858
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  TJS MOTORS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 11,175 21,128
    £11,175 £21,128
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 15,876 29,540
  Trade creditors 26,825 30,250
  Corporation tax 15,346 13,312
  Other taxes and social security 7,518 7,501
  Other creditors 2,405 1,476
  Accruals and deferred income 13,994 10,415
    £81,964 £92,494
   
       
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 14,290 34,178
    £14,290 £34,178
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 15,876 25,657
  within 2-5 years
  bank 14,290 34,178
    £30,166 £59,835
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8