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Registered number: 10660590

JACOB'S MOTORS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
UNV Accountants Ltd
Chartered Certified Accountants
Office 4, 1st Floor
77-79 High Street
Watford
WD17 2DJ

JACOB'S MOTORS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Christopher Yacoub
REGISTERED OFFICE
Unit 15 Station Road
Winslow
Buckingham
MK18 3RQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10660590
ACCOUNTANTS
UNV Accountants Ltd
Chartered Certified Accountants
Office 4, 1st Floor
77-79 High Street
Watford
WD17 2DJ

JACOB'S MOTORS LIMITED

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

JACOB'S MOTORS LIMITED

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3975790
CURRENT ASSETS
Stock324,498286,505
Debtors519,383-
Cash at bank and in hand28,87570,157
372,756356,662
CREDITORS: Amounts falling due within one year6308,105282,567
NET CURRENT ASSETS64,65174,095
TOTAL ASSETS LESS CURRENT LIABILITIES65,62674,885
CREDITORS: Amounts falling due after more than one year737,91672,980
NET ASSETS27,7101,905
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account27,7091,904
SHAREHOLDERS' FUNDS27,7101,905
For the year ending 30/04/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2024 and signed on their behalf by
.............................
Christopher Yacoub
Director

JACOB'S MOTORS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

JACOB'S MOTORS LIMITED

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/05/20231,7041,704
Additions815815
At 30/04/20242,5192,519
Depreciation
At 01/05/2023914914
For the year630630
At 30/04/20241,5441,544
Net Book Amounts
At 30/04/2024975975
At 30/04/2023790790
4. STOCK 20242023
££
Stock comprises:
Stock324,498286,505
324,498286,505
5. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors19,383-
19,383-

JACOB'S MOTORS LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax19,08614,688
VAT5,8984,900
Directors current account238,462203,721
Bank Loan10,4408,868
Recovery Loan20,53220,532
Credit card13,6877,858
Accruals-2,000
Amounts due to Ayelsbury Motors Ltd-20,000
308,105282,567
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Recovery Loan >1yr26,77950,269
Bounce Back Loan >1yr11,13722,711
37,91672,980
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11