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REGISTERED NUMBER: 11661967 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jon Hearn Mot Centre Limited

Jon Hearn Mot Centre Limited (Registered number: 11661967)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jon Hearn Mot Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P Hearn





SECRETARY: Mrs E J Hearn





REGISTERED OFFICE: 35 Station Approach
West Byfleet
Surrey
KT14 6NF





REGISTERED NUMBER: 11661967 (England and Wales)





ACCOUNTANTS: Braywood Ltd
35 Station Approach
West Byfleet
Surrey
KT14 6NF

Jon Hearn Mot Centre Limited (Registered number: 11661967)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,481
Tangible assets 5 43,941 59,379
43,941 68,860

CURRENT ASSETS
Debtors 6 91,376 142,187
Cash at bank 549,666 363,941
641,042 506,128
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

86,124

86,640
NET CURRENT ASSETS 554,918 419,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,859

488,348

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (4,759 ) (7,871 )
NET ASSETS 582,433 458,810

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 582,333 458,710
SHAREHOLDERS' FUNDS 582,433 458,810

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 director acknowledges his 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.

Jon Hearn Mot Centre Limited (Registered number: 11661967)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





J P Hearn - Director


Jon Hearn Mot Centre Limited (Registered number: 11661967)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jon Hearn Mot Centre 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Jon Hearn Mot Centre Limited (Registered number: 11661967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 56,897
AMORTISATION
At 1 April 2023 47,416
Charge for year 9,481
At 31 March 2024 56,897
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,481

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 108,178
Additions 1,827
At 31 March 2024 110,005
DEPRECIATION
At 1 April 2023 48,799
Charge for year 17,265
At 31 March 2024 66,064
NET BOOK VALUE
At 31 March 2024 43,941
At 31 March 2023 59,379

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 91,376 142,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 420 385
Taxation and social security 71,116 72,085
Other creditors 4,588 4,170
86,124 86,640

Jon Hearn Mot Centre Limited (Registered number: 11661967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

9. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments totalling £894,000 in respect of their rented premises.

10. DIRECTOR'S 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
£    £   
J P Hearn
Balance outstanding at start of year 41,973 -
Amounts advanced - 41,973
Amounts repaid (27,401 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,572 41,973

The loan to the director is unsecured and repayable on demand. Interest is charged at HMRC's official rate.

11. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £12,685 (2023: £40,111) owed to the company by Ella Hearn, a shareholder.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Jon and Ella Hearn.