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REGISTERED NUMBER: 09786339 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JSC AUTOMOTIVE LIMITED

JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSC AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr N Yates
Mr R R Mustard





SECRETARY: Mr N Yates





REGISTERED OFFICE: Unit 1c St. Columb Industrial Estate
St. Columb
Cornwall
TR9 6SF





REGISTERED NUMBER: 09786339 (England and Wales)

JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,565 206,259

CURRENT ASSETS
Stocks - 147
Debtors 5 127,869 97,231
Cash at bank and in hand 13,041 12,008
140,910 109,386
CREDITORS
Amounts falling due within one year 6 683,611 572,886
NET CURRENT LIABILITIES (542,701 ) (463,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(441,136

)

(257,241

)

CREDITORS
Amounts falling due after more than one year 7 (73,291 ) (83,671 )

PROVISIONS FOR LIABILITIES - (1,782 )
NET LIABILITIES (514,427 ) (342,694 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (514,430 ) (342,697 )
(514,427 ) (342,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




Mr N Yates - Director



Mr R R Mustard - Director


JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

JSC Automotive 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.

Turnover represents net invoiced sales of goods and services, excluding value added tax. It is recognised at the point the consultancy is undertaken or where goods are supplied to the end customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - equal instalments over the lease period
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - at variable rates on cost and balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
During the year ended 30 September 2024, the company incurred a loss for the year of £171,733 and had net liabilities at that date of £514,427.

The director considers the going concern basis to be appropriate due to the availability of support from the company's parent undertaking (including that undertaking not requesting repayment of any amounts owed to them by the company whilst any other creditors of the company remain unpaid, except to the extent that the company is able to discharge all its debts and liabilities as they fall due) and other mitigating actions that can be taken during that period.

The financial statements do not reflect any adjustments that would be necessary should the going concern basis not be appropriate.

3. EMPLOYEES AND DIRECTORS

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

JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 22,877 43,861 1,415
Disposals - - -
At 30 September 2024 22,877 43,861 1,415
DEPRECIATION
At 1 October 2023 4,428 20,946 527
Charge for year 2,952 6,098 213
Eliminated on disposal - - -
At 30 September 2024 7,380 27,044 740
NET BOOK VALUE
At 30 September 2024 15,497 16,817 675
At 30 September 2023 18,449 22,915 888

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 266,388 2,700 337,241
Disposals (119,281 ) - (119,281 )
At 30 September 2024 147,107 2,700 217,960
DEPRECIATION
At 1 October 2023 102,676 2,405 130,982
Charge for year 22,600 195 32,058
Eliminated on disposal (46,645 ) - (46,645 )
At 30 September 2024 78,631 2,600 116,395
NET BOOK VALUE
At 30 September 2024 68,476 100 101,565
At 30 September 2023 163,712 295 206,259

JSC AUTOMOTIVE LIMITED (REGISTERED NUMBER: 09786339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,388 77,373
Other debtors 25,481 19,858
127,869 97,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,185 26,442
Trade creditors 17,582 10,339
Amounts owed to group undertakings 518,550 473,819
Taxation and social security 20,593 32,126
Other creditors 108,701 30,160
683,611 572,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 73,291 83,671