Registered number
06914091
J.Dep Motors Ltd
Filleted Accounts
31 July 2024
J.Dep Motors Ltd
Registered number: 06914091
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 121,040 6,416
Current assets
Stocks 103,680 103,680
Debtors 4 94,494 120,385
Cash at bank and in hand 250,239 206,283
448,413 430,348
Creditors: amounts falling due within one year 5 (65,412) (57,161)
Net current assets 383,001 373,187
Net assets 504,041 379,603
Capital and reserves
Called up share capital 2 2
Profit and loss account 504,039 379,601
Shareholders' funds 504,041 379,603
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J De Piano
Director
Approved by the board on 15 December 2024
J.Dep Motors Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at 20% reducing balance
Fixtures, fittings, tools and equipment at 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 596 59,036 6,000 65,632
Additions 115,800 - - 115,800
At 31 July 2024 116,396 59,036 6,000 181,432
Depreciation
At 1 August 2023 - 53,455 5,761 59,216
Charge for the year - 1,116 60 1,176
At 31 July 2024 - 54,571 5,821 60,392
Net book value
At 31 July 2024 116,396 4,465 179 121,040
At 31 July 2023 596 5,581 239 6,416
4 Debtors 2024 2023
£ £
Trade debtors 7,377 23,544
Other taxes and social securities 2,776 -
Other debtors 84,341 96,841
94,494 120,385
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,170 836
Taxation and social security costs 45,731 54,769
Other creditors 1,511 1,556
65,412 57,161
6 Related party transactions
Included in Other Debtors is amount due from G D Complete Car Sales Limited of £ 84,341 (2022: 84,341)
7 Other information
J.Dep Motors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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