2023-01-01 08320878 2023-12-31 08320878 2023-01-01 2023-12-31 08320878 2022-12-31 08320878 2022-01-01 2022-12-31 08320878 uk-core:WithinOneYear 2022-12-31 08320878 uk-core:WithinOneYear 2023-12-31 08320878 uk-core:ShareCapital 2023-12-31 08320878 uk-core:ShareCapital 2022-12-31 08320878 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08320878 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08320878 uk-bus:Director1 2023-01-01 2023-12-31 08320878 uk-bus:Director2 2023-01-01 2023-12-31 08320878 uk-core:PlantMachinery 2023-01-01 2023-12-31 08320878 uk-core:FurnitureFittings 2023-01-01 2023-12-31 08320878 uk-core:FurnitureFittings 2022-12-31 08320878 uk-core:PlantMachinery 2022-12-31 08320878 uk-core:PlantMachinery 2023-12-31 08320878 uk-core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure 08320878 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08320878 uk-bus:FRS102 2023-01-01 2023-12-31 08320878 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08320878 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Jas Autos Garage Ltd
Registered Number:08320878
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Jas Autos Garage Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08320878
As at 31 December 2023
Jas Autos Garage Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
21,567
7,279
2
21,567
7,279
Current assets
Inventories
420
420
3
Trade and other receivables
7,552
123,275
4
146,899
Cash and cash equivalents
96,151
219,846
154,871
Trade and other payables: amounts falling due within one
year
(27,635)
(77,050)
5
127,236
142,796
Net current assets
Total assets less current liabilities
164,363
134,515
164,363
Net assets
134,515
Capital and reserves
Called up share capital
2
2
Retained earnings
164,361
134,513
164,363
134,515
Shareholders' funds
For the year ended 31 December 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 December 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.
Amardip Panesar Director
Mandip 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
1 of 4
4
For the year ended 31 December 2023
Jas Autos Garage Ltd
Notes to the Financial Statements
Statutory Information
Jas Autos Garage Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08320878.
Registered address:
Hammond House
Freshwater Road
Dagenham
Essex
RM8 1RZ
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.
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:
Plant and machinery
10.00% Reducing balance
15.00% Reducing balance
Fixtures and fittings
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.
2 of 4
5
For the year ended 31 December 2023
Jas Autos Garage Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 January 2023
13,395
7,753
5,642
16,993
1,429
15,564
Additions
At 31 December 2023
21,206
9,182
30,388
Provision for depreciation and impairment
At 01 January 2023
6,116
3,641
2,475
Charge for year
2,705
832
1,873
At 31 December 2023
8,821
4,473
4,348
At 31 December 2023
Net book value
16,858
4,709
21,567
At 31 December 2022
3,167
4,112
7,279
3. Inventories
2022
2023
£
£
Stocks
420
420
4. Trade and other receivables
2022
2023
£
£
Trade debtors
4,225
776
Other debtors
119,050
6,776
7,552
123,275
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
2,100
-
Taxation and social security
4,910
3,923
Other creditors
70,040
23,712
77,050
27,635
6. Average number of persons employed
During the year the average number of employees was 4 (2022 : 3)
3 of 4
6
For the year ended 31 December 2023
Jas Autos Garage Ltd
Notes to the Financial Statements Continued
4 of 4