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REGISTERED NUMBER: 07783216 (England and Wales)















J&S Autos (Northampton) Limited

Unaudited Financial Statements

for the Year Ended 30th November 2024






J&S Autos (Northampton) Limited (Registered number: 07783216)

Contents of the Financial Statements
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&S Autos (Northampton) Limited

Company Information
for the Year Ended 30th November 2024







DIRECTOR: J C Yirrell





REGISTERED OFFICE: Unit 2
Horsley Road
Kingsthorpe
Northampton
NN2 6LJ





REGISTERED NUMBER: 07783216 (England and Wales)





ACCOUNTANTS: Tobutt & Co
132 Northampton Lane North
Moulton
Northampton
NN3 7QW

J&S Autos (Northampton) Limited (Registered number: 07783216)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 702,215 722,621
702,215 722,621

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 29,743 45,117
Cash at bank 129,991 190,139
161,734 237,256
CREDITORS
Amounts falling due within one year 7 33,421 61,409
NET CURRENT ASSETS 128,313 175,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,528

898,468

CREDITORS
Amounts falling due after more than one
year

8

14,167

24,167
NET ASSETS 816,361 874,301

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 428,621 436,536
Retained earnings 10 387,640 437,665
SHAREHOLDERS' FUNDS 816,361 874,301

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

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

The director acknowledges his 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.

J&S Autos (Northampton) Limited (Registered number: 07783216)

Balance Sheet - continued
30th November 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 director and authorised for issue on 16th December 2024 and were signed by:





J C Yirrell - Director


J&S Autos (Northampton) Limited (Registered number: 07783216)

Notes to the Financial Statements
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

J&S Autos (Northampton) 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 as modified by the revaluation of certain assets.

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 2011, is being amortised evenly over its estimated useful life of seven 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.


J&S Autos (Northampton) Limited (Registered number: 07783216)

Notes to the Financial Statements - continued
for the Year Ended 30th November 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.

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.

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 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 30,000
AMORTISATION
At 1st December 2023
and 30th November 2024 30,000
NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 -

J&S Autos (Northampton) Limited (Registered number: 07783216)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st December 2023 700,000 35,317 207,591 2,060 944,968
Additions - 2,022 - - 2,022
Disposals - (8,291 ) (43,358 ) - (51,649 )
At 30th November 2024 700,000 29,048 164,233 2,060 895,341
DEPRECIATION
At 1st December 2023 14,000 33,318 172,969 2,060 222,347
Charge for year 14,000 804 249 - 15,053
Eliminated on disposal - (8,291 ) (35,983 ) - (44,274 )
At 30th November 2024 28,000 25,831 137,235 2,060 193,126
NET BOOK VALUE
At 30th November 2024 672,000 3,217 26,998 - 702,215
At 30th November 2023 686,000 1,999 34,622 - 722,621

Cost or valuation at 30th November 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 395,771 - - - 395,771
Cost 304,229 29,048 164,233 2,060 499,570
700,000 29,048 164,233 2,060 895,341

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 304,229 304,229
Aggregate depreciation 66,935 60,850

Freehold land and buildings were valued on an open market basis on 30th November 2022 by the company director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,541 22,867
Other debtors 10,202 22,250
29,743 45,117

J&S Autos (Northampton) Limited (Registered number: 07783216)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,421 12,268
Taxation and social security 16,490 36,741
Other creditors 2,510 2,400
33,421 61,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 24,167

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st December 2023 437,665 436,536 874,201
Profit for the year 2,060 2,060
Dividends (60,000 ) (60,000 )
Transfer 7,915 (7,915 ) -
At 30th November 2024 387,640 428,621 816,261

11. RELATED PARTY DISCLOSURES

At the year end date Mr J C Yirrell owed the company £9,331 (2023 - £19,500). This amount is included within other debtors and was repaid in full within nine months of the year end date.

12. ULTIMATE CONTROLLING PARTY

The controlling party is J C Yirrell.