2022-11-01 06392420 2023-10-31 06392420 2022-11-01 2023-10-31 06392420 2022-10-31 06392420 2021-11-01 2022-10-31 06392420 uk-core:WithinOneYear 2022-10-31 06392420 uk-core:WithinOneYear 2023-10-31 06392420 uk-core:ShareCapital 2023-10-31 06392420 uk-core:ShareCapital 2022-10-31 06392420 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06392420 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06392420 uk-bus:Director1 2022-11-01 2023-10-31 06392420 uk-core:NetGoodwill 2022-11-01 2023-10-31 06392420 uk-core:Buildings 2022-11-01 2023-10-31 06392420 uk-core:PlantMachinery 2022-11-01 2023-10-31 06392420 uk-core:MotorCars 2022-11-01 2023-10-31 06392420 uk-core:FurnitureFittings 2022-11-01 2023-10-31 06392420 uk-core:Goodwill 2022-10-31 06392420 uk-core:Goodwill 2023-10-31 06392420 uk-core:FurnitureFittings 2022-10-31 06392420 uk-core:MotorCars 2022-10-31 06392420 uk-core:PlantMachinery 2022-10-31 06392420 uk-core:Buildings 2022-10-31 06392420 uk-core:PlantMachinery 2023-10-31 06392420 uk-core:MotorCars 2023-10-31 06392420 uk-core:FurnitureFittings 2023-10-31 06392420 uk-core:Buildings 2023-10-31 iso4217:GBP xbrli:pure 06392420 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06392420 uk-bus:FRS102 2022-11-01 2023-10-31 06392420 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 06392420 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Jas Autos Limited
Registered Number:06392420
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Jas Autos Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06392420
As at 31 October 2023
Jas Autos Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,682
8,619
3
7,682
8,619
Current assets
Inventories
1,175
1,275
4
Trade and other receivables
2,213
3,596
5
41,392
Cash and cash equivalents
48,444
53,315
44,780
Trade and other payables: amounts falling due within one
year
(25,823)
(47,378)
6
18,957
5,937
Net current assets
Total assets less current liabilities
13,619
27,576
13,619
Net assets
27,576
Capital and reserves
Called up share capital
2
2
Retained earnings
13,617
27,574
13,619
27,576
Shareholders' funds
For the year ended 31 October 2023 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Rajinder Panesar Director
These financial statements were approved and authorised for issue by the Board on 20 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2023
Jas Autos Limited
Notes to the Financial Statements
Statutory Information
Jas Autos Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06392420.
Registered address:
James Lovell Business Estate - Hammond House
Freshwater Road
Dagenham
Essex
RM8 1RX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Reducing balance
Plant and machinery
10% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 October 2023
Jas Autos Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2022
45,000
At 31 October 2023
45,000
Amortisation
At 01 November 2022
45,000
At 31 October 2023
45,000
Net book value
At 31 October 2023
-
At 31 October 2022
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 November 2022
40,727
3,750
3,000
31,938
2,039
At 31 October 2023
31,938
3,000
3,750
40,727
2,039
Provision for depreciation and impairment
At 01 November 2022
32,108
2,839
2,808
24,987
1,474
Charge for year
937
137
48
695
57
At 31 October 2023
33,045
2,976
2,856
25,682
1,531
At 31 October 2023
Net book value
508
6,256
144
774
7,682
At 31 October 2022
565
6,951
192
911
8,619
4. Inventories
2022
2023
£
£
Stocks
1,275
1,175
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6
For the year ended 31 October 2023
Jas Autos Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
3,006
2,130
Other debtors
590
83
2,213
3,596
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
160
267
Taxation and social security
6,318
9,523
Other creditors
40,900
16,033
47,378
25,823
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 4)
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