Allan James Motors Limited 06891109 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 06891109 2023-04-01 2024-03-31 06891109 2024-03-31 06891109 core:RetainedEarningsAccumulatedLosses 2024-03-31 06891109 core:ShareCapital 2024-03-31 06891109 core:CurrentFinancialInstruments 2024-03-31 06891109 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06891109 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06891109 core:FurnitureFittingsToolsEquipment 2024-03-31 06891109 core:MotorVehicles 2024-03-31 06891109 core:OtherPropertyPlantEquipment 2024-03-31 06891109 bus:SmallEntities 2023-04-01 2024-03-31 06891109 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06891109 bus:FullAccounts 2023-04-01 2024-03-31 06891109 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06891109 bus:RegisteredOffice 2023-04-01 2024-03-31 06891109 bus:Director1 2023-04-01 2024-03-31 06891109 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06891109 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06891109 core:MotorVehicles 2023-04-01 2024-03-31 06891109 core:OfficeEquipment 2023-04-01 2024-03-31 06891109 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06891109 core:PlantMachinery 2023-04-01 2024-03-31 06891109 countries:EnglandWales 2023-04-01 2024-03-31 06891109 2023-03-31 06891109 core:FurnitureFittingsToolsEquipment 2023-03-31 06891109 core:MotorVehicles 2023-03-31 06891109 core:OtherPropertyPlantEquipment 2023-03-31 06891109 2022-04-01 2023-03-31 06891109 2023-03-31 06891109 core:RetainedEarningsAccumulatedLosses 2023-03-31 06891109 core:ShareCapital 2023-03-31 06891109 core:CurrentFinancialInstruments 2023-03-31 06891109 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06891109 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06891109 core:FurnitureFittingsToolsEquipment 2023-03-31 06891109 core:MotorVehicles 2023-03-31 06891109 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06891109

Allan James Motors Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Allan James Motors Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Allan James Motors Limited

(Registration number: 06891109)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

97,686

112,649

Current assets

 

Stocks

5

1,300

2,800

Debtors

6

5,248

9,521

Cash at bank and in hand

 

38,116

20,939

 

44,664

33,260

Creditors: Amounts falling due within one year

7

(70,772)

(62,662)

Net current liabilities

 

(26,108)

(29,402)

Total assets less current liabilities

 

71,578

83,247

Creditors: Amounts falling due after more than one year

7

(13,095)

(14,219)

Provisions for liabilities

(18,560)

-

Net assets

 

39,923

69,028

Capital and reserves

 

Called up share capital

100

100

Retained earnings

39,823

68,928

Shareholders' funds

 

39,923

69,028

 

Allan James Motors Limited

(Registration number: 06891109)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2024
 

.........................................
Mrs W Milton
Director

 

Allan James Motors Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Weirside Garage Andrew Street
Compstall
Stockport
Cheshire
SK6 5HN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Allan James Motors Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

15% reducing balance

Office equipment

10% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Allan James Motors Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Allan James Motors Limited

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

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

3,536

37,935

296,031

337,502

Additions

249

13,975

3,729

17,953

Disposals

-

(37,935)

-

(37,935)

At 31 March 2024

3,785

13,975

299,760

317,520

Depreciation

At 1 April 2023

2,769

21,819

200,265

224,853

Charge for the year

111

2,096

14,593

16,800

Eliminated on disposal

-

(21,819)

-

(21,819)

At 31 March 2024

2,880

2,096

214,858

219,834

Carrying amount

At 31 March 2024

905

11,879

84,902

97,686

At 31 March 2023

767

16,116

95,766

112,649

5

Stocks

2024
£

2023
£

Other inventories

1,300

2,800

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,248

9,521

 

Allan James Motors Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

16,329

14,492

Trade creditors

 

19,448

16,706

Taxation and social security

 

14,412

15,776

Other creditors

 

20,583

15,688

 

70,772

62,662

2024
£

2023
£

Current loans and borrowings

Bank borrowings

12,928

8,694

Other borrowings

3,401

5,798

16,329

14,492

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,095

14,219