Company Registration No. 08884486 (England and Wales)
J M Car Parts Ltd
Unaudited accounts
for the year ended 29 February 2024
J M Car Parts Ltd
Unaudited accounts
Contents
J M Car Parts Ltd
Company Information
for the year ended 29 February 2024
Director
Jakub Mozdzanowski
Company Number
08884486 (England and Wales)
Registered Office
39 Poole Street
Bristol
BS11 9JT
England
Accountants
Dorota Cukierska
International House
142 Cromwell Road
London
SW7 4EF
J M Car Parts Ltd
Accountants' report
Accountants' report to the director of J M Car Parts Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J M Car Parts Ltd for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J M Car Parts Ltd, as a body, in accordance with the terms of our engagement letter dated 13 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of J M Car Parts Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J M Car Parts Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J M Car Parts Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J M Car Parts Ltd. You consider that J M Car Parts Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J M Car Parts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Dorota Cukierska
International House
142 Cromwell Road
London
SW7 4EF
14 November 2024
J M Car Parts Ltd
Statement of financial position
as at 29 February 2024
Called up share capital not paid
100
100
Cash at bank and in hand
46,305
53,306
Creditors: amounts falling due within one year
(63,888)
(71,020)
Net current assets
2,684
1,070
Called up share capital
100
100
Profit and loss account
3,528
2,194
Shareholders' funds
3,628
2,294
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 April 2024 and were signed on its behalf by
Jakub Mozdzanowski
Director
Company Registration No. 08884486
J M Car Parts Ltd
Notes to the Accounts
for the year ended 29 February 2024
J M Car Parts Ltd is a private company, limited by shares, registered in England and Wales, registration number 08884486. The registered office is 39 Poole Street, Bristol, BS11 9JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stock and work in progress is valued at the lower of the cost and estimated net realisable value.
Cost of raw materials is determined on the FIFO basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can release in the normal course of business, less further costs to completion of sale.
J M Car Parts Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
582
680
4,015
5,277
At 29 February 2024
582
680
4,015
5,277
At 1 March 2023
582
680
2,891
4,153
Charge for the year
-
-
280
280
At 29 February 2024
582
680
3,171
4,433
At 29 February 2024
-
-
844
844
At 28 February 2023
-
-
1,124
1,124
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,650
7,252
Proposed dividends
31,000
61,474
Loans from directors
23,418
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).