J & K MOTORS LTD Filleted Accounts Cover
J & K MOTORS LTD
Company No. 04773383
Information for Filing with The Registrar
31 March 2024
J & K MOTORS LTD Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Other Letting.
Director
The Director who served at any time during the year was as follows:
J. Galley
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Galley
Director
04 October 2024
J & K MOTORS LTD Balance Sheet Registrar
at
31 March 2024
Company No.
04773383
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
3,5553,742
Tangible assets
5
338,022338,022
341,577341,764
Current assets
Cash at bank and in hand
76,98263,192
76,98263,192
Creditors: Amount falling due within one year
6
(197,247)
(11,770)
Net current (liabilities)/assets
(120,265)
51,422
Total assets less current liabilities
221,312393,186
Creditors: Amounts falling due after more than one year
7
-
(183,379)
Net assets
221,312209,807
Capital and reserves
Called up share capital
100100
Profit and loss account
8
221,212209,707
Total equity
221,312209,807
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 04 October 2024 and signed on its behalf by:
J. Galley
Director
04 October 2024
J & K MOTORS LTD Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
J & K MOTORS LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04773383
Its registered office is:
Pocklington Industrial Estat
York
East Yorkshire
YO42 1NR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is generated from the rendering of services. Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably
- it is probable that the company will receive the consideration due under the contract
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 April 2023
7,5007,500
At 31 March 2024
7,5007,500
Amortisation and impairment
At 1 April 2023
3,7583,758
Charge for the year
187187
At 31 March 2024
3,9453,945
Net book values
At 31 March 2024
3,5553,555
At 31 March 2023
3,7423,742
5
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 April 2023
338,022338,022
At 31 March 2024
338,022338,022
Depreciation
Net book values
At 31 March 2024
338,022338,022
At 31 March 2023
338,022
338,022
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
3,168
3,110
Loans from directors
190,0244,630
Accruals and deferred income
4,0554,030
197,24711,770
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-183,379
-183,379
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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