IRIS Accounts Production v24.3.2.46 11215824 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112158242023-03-31112158242024-03-31112158242023-04-012024-03-31112158242022-03-31112158242022-04-012023-03-31112158242023-03-3111215824ns15:EnglandWales2023-04-012024-03-3111215824ns14:PoundSterling2023-04-012024-03-3111215824ns10:Director12023-04-012024-03-3111215824ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111215824ns10:SmallEntities2023-04-012024-03-3111215824ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111215824ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111215824ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111215824ns10:FullAccounts2023-04-012024-03-3111215824ns10:OrdinaryShareClass12023-04-012024-03-3111215824ns10:Director22023-04-012024-03-3111215824ns10:Director32023-04-012024-03-3111215824ns10:RegisteredOffice2023-04-012024-03-3111215824ns5:CurrentFinancialInstruments2024-03-3111215824ns5:CurrentFinancialInstruments2023-03-3111215824ns5:ShareCapital2024-03-3111215824ns5:ShareCapital2023-03-3111215824ns5:RetainedEarningsAccumulatedLosses2024-03-3111215824ns5:RetainedEarningsAccumulatedLosses2023-03-3111215824ns5:PlantMachinery2023-04-012024-03-3111215824ns5:FurnitureFittings2023-04-012024-03-3111215824ns5:MotorVehicles2023-04-012024-03-3111215824ns5:PlantMachinery2023-03-3111215824ns5:FurnitureFittings2023-03-3111215824ns5:MotorVehicles2023-03-3111215824ns5:ComputerEquipment2023-03-3111215824ns5:ComputerEquipment2023-04-012024-03-3111215824ns5:PlantMachinery2024-03-3111215824ns5:FurnitureFittings2024-03-3111215824ns5:MotorVehicles2024-03-3111215824ns5:ComputerEquipment2024-03-3111215824ns5:PlantMachinery2023-03-3111215824ns5:FurnitureFittings2023-03-3111215824ns5:MotorVehicles2023-03-3111215824ns5:ComputerEquipment2023-03-3111215824ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11215824 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMIE KYLE AUTOMOTIVE LIMITED

JAMIE KYLE AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11215824)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAMIE KYLE AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S M H Banoo
Mrs M Banoo
M Banoo





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 11215824 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

JAMIE KYLE AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11215824)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,533 82,831

CURRENT ASSETS
Stocks 863,194 468,749
Debtors 5 1 1
Cash at bank and in hand 56,501 232,831
919,696 701,581
CREDITORS
Amounts falling due within one year 6 609,474 515,995
NET CURRENT ASSETS 310,222 185,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,755

268,417

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Retained earnings 321,755 218,417
SHAREHOLDERS' FUNDS 371,755 268,417

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 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.

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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





S M H Banoo - Director


JAMIE KYLE AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11215824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Jamie Kyle 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,400 6,700 287,010 3,023 298,133
DEPRECIATION
At 1 April 2023 1,400 6,138 206,085 1,679 215,302
Charge for year - 562 20,231 505 21,298
At 31 March 2024 1,400 6,700 226,316 2,184 236,600
NET BOOK VALUE
At 31 March 2024 - - 60,694 839 61,533
At 31 March 2023 - 562 80,925 1,344 82,831

JAMIE KYLE AUTOMOTIVE LIMITED (REGISTERED NUMBER: 11215824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,598 2,143
Tax 2,187 (374 )
VAT 10,380 7,761
Other creditors 10,000 20,198
Directors' current accounts 579,649 484,767
Accrued expenses 1,660 1,500
609,474 515,995

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 50,000 50,000