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REGISTERED NUMBER: 04941183 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

Junction 1 Truck & Coach Wash Limited

Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Junction 1 Truck & Coach Wash Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs H J Dye
D K Hartley





SECRETARY: Mrs H J Dye





REGISTERED OFFICE: Junction 1 Truck & Coach Wash
Sandbeck Way Hellaby
Industrial Hellaby
Rotherham
S66 8QL





REGISTERED NUMBER: 04941183 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 338,127 336,568
338,127 336,568

CURRENT ASSETS
Debtors 6 55,474 44,487
Cash at bank and in hand 113,780 132,125
169,254 176,612
CREDITORS
Amounts falling due within one year 7 83,476 84,005
NET CURRENT ASSETS 85,778 92,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,905

429,175

CREDITORS
Amounts falling due after more than one
year

8

(16,778

)

(22,846

)

PROVISIONS FOR LIABILITIES (23,103 ) (16,676 )
NET ASSETS 384,024 389,653

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383,924 389,553
384,024 389,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)

Balance Sheet - continued
31 October 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 4 February 2025 and were signed on its behalf by:





Mrs H J Dye - Director


Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Junction 1 Truck & Coach Wash 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 16,400
AMORTISATION
At 1 November 2023
and 31 October 2024 16,400
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 308,587 233,567 6,179 18,930 567,263
Additions - 11,823 524 7,102 19,449
At 31 October 2024 308,587 245,390 6,703 26,032 586,712
DEPRECIATION
At 1 November 2023 59,785 155,221 3,135 12,554 230,695
Charge for year 3,086 11,815 529 2,460 17,890
At 31 October 2024 62,871 167,036 3,664 15,014 248,585
NET BOOK VALUE
At 31 October 2024 245,716 78,354 3,039 11,018 338,127
At 31 October 2023 248,802 78,346 3,044 6,376 336,568

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,474 44,487

Junction 1 Truck & Coach Wash Limited (Registered number: 04941183)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,068 6,068
Trade creditors 4,300 40,418
Tax 4,965 5,773
Social security and other taxes 2,175 6,184
VAT 10,082 21,759
Directors' current accounts 2,603 2,603
Accruals and deferred income 1,200 1,200
Accrued expenses 52,083 -
83,476 84,005

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 16,778 22,846

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,778 22,846