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REGISTERED NUMBER: 04455566 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

C J S CAR SALES LIMITED

C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


C J S CAR SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J Salisbury
Mr C J Salisbury
Mrs E Salisbury



SECRETARY: Mrs E Salisbury



REGISTERED OFFICE: Ireleth Road
Askam in Furness
Cumbria
LA16 7DL



REGISTERED NUMBER: 04455566 (England and Wales)



BANKERS: Lloyds Bank plc
Union Street
Ulverston
Cumbria
LA12 7HR

C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,902 71,827
Investment property 5 143,567 143,567
216,469 215,394

CURRENT ASSETS
Stocks 602,905 464,461
Debtors 122,345 96,515
Cash at bank and in hand 22,823 87,587
748,073 648,563
CREDITORS
Amounts falling due within one year 181,226 144,157
NET CURRENT ASSETS 566,847 504,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,316

719,800

CREDITORS
Amounts falling due after more than one
year

16,220

34,764
NET ASSETS 767,096 685,036

CAPITAL AND RESERVES
Called up share capital 7 102 101
Retained earnings 766,994 684,935
SHAREHOLDERS' FUNDS 767,096 685,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr C J Salisbury - Director


C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

C J S Car Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental income
Rental income is recognised on the accruals basis, and does not include VAT.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 123,428
Additions 7,002
At 31 March 2024 130,430
DEPRECIATION
At 1 April 2023 51,601
Charge for year 5,927
At 31 March 2024 57,528
NET BOOK VALUE
At 31 March 2024 72,902
At 31 March 2023 71,827

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 143,567
NET BOOK VALUE
At 31 March 2024 143,567
At 31 March 2023 143,567

All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Mortgage 12,643 18,862

Lloyds TSB Bank plc hold a mortgage over the company's premises and a fixed and floating charge over the company, its undertaking, and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

C J S CAR SALES LIMITED (REGISTERED NUMBER: 04455566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
95 A Ordinary £1 95 95
5 B Ordinary £1 5 5
1 C Ordinary £1 1 1
1 D Orindary £1 1 -
102 101

The following shares were issued during the year for cash at par :

1 D Orindary share of £1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr C J Salisbury
Balance outstanding at start of year 82,994 99,012
Amounts advanced 68,393 65,982
Amounts repaid (77,000 ) (82,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,387 82,994

The loan is unsecured and repayable on demand.

Interest is charged at 2.25% (2023: 2%) during the year to 31 March 2024, interest charged amounted to £1,683 (2023: £1,802).

9. CONTROLLING PARTY

The company is controlled by Mr C J Salisbury.