Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01true3falseservicing and repair of motor vehicles and MOT testing3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06272016 2023-07-01 2024-06-30 06272016 2022-07-01 2023-06-30 06272016 2024-06-30 06272016 2023-06-30 06272016 c:Director1 2023-07-01 2024-06-30 06272016 d:PlantMachinery 2023-07-01 2024-06-30 06272016 d:PlantMachinery 2024-06-30 06272016 d:PlantMachinery 2023-06-30 06272016 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06272016 d:MotorVehicles 2023-07-01 2024-06-30 06272016 d:MotorVehicles 2024-06-30 06272016 d:MotorVehicles 2023-06-30 06272016 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06272016 d:FurnitureFittings 2023-07-01 2024-06-30 06272016 d:FurnitureFittings 2024-06-30 06272016 d:FurnitureFittings 2023-06-30 06272016 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06272016 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06272016 d:CurrentFinancialInstruments 2024-06-30 06272016 d:CurrentFinancialInstruments 2023-06-30 06272016 d:Non-currentFinancialInstruments 2024-06-30 06272016 d:Non-currentFinancialInstruments 2023-06-30 06272016 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06272016 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06272016 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06272016 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06272016 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 06272016 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 06272016 d:ShareCapital 2024-06-30 06272016 d:ShareCapital 2023-06-30 06272016 c:FRS102 2023-07-01 2024-06-30 06272016 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06272016 c:FullAccounts 2023-07-01 2024-06-30 06272016 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06272016 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06272016









JWR VEHICLE SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
JWR VEHICLE SERVICES LTD
REGISTERED NUMBER: 06272016

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,336
9,025

  
11,336
9,025

Current assets
  

Stocks
 5 
22,305
21,458

Debtors: amounts falling due within one year
 6 
7,347
6,287

Cash at bank and in hand
 7 
27,699
47,643

  
57,351
75,388

Creditors: amounts falling due within one year
 8 
(63,545)
(73,391)

Net current (liabilities)/assets
  
 
 
(6,194)
 
 
1,997

Total assets less current liabilities
  
5,142
11,022

Creditors: amounts falling due after more than one year
 9 
(5,140)
(11,020)

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


Page 1

 
JWR VEHICLE SERVICES LTD
REGISTERED NUMBER: 06272016
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2025.




................................................
James William Rich
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

JWR Vehicle Services Limited is a private company limited by share capital incorporated in England. The principal activity of the company throughout the year was that of servicing and repair of motor vehicles and MOT testing.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
15% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
46,420
7,250
2,017
55,687


Additions
1,050
7,800
-
8,850


Disposals
(7,764)
(4,500)
-
(12,264)



At 30 June 2024

39,706
10,550
2,017
52,273



Depreciation


At 1 July 2023
40,523
4,314
1,825
46,662


Charge for the year on owned assets
1,252
2,051
29
3,332


Disposals
(7,089)
(1,968)
-
(9,057)



At 30 June 2024

34,686
4,397
1,854
40,937



Net book value



At 30 June 2024
5,020
6,153
163
11,336



At 30 June 2023
5,897
2,936
192
9,025


5.


Stocks

2024
2023
£
£

Materials and consumables
22,305
21,458

22,305
21,458


Page 6

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,066
1,467

Other debtors
1,313
933

Prepayments and accrued income
3,968
3,887

7,347
6,287



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
27,699
47,643

27,699
47,643


Page 7

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,360
6,480

Trade creditors
22,657
20,952

Corporation tax
3,674
6,548

Other taxation and social security
3,316
5,211

Other creditors
26,109
32,843

Accruals and deferred income
1,429
1,357

63,545
73,391


The following liabilities were secured:

2024
2023
£
£



Bank loan
6,360
6,480

6,360
6,480

Details of security provided:

The bank loan is secured.

Included within other creditors is a director's current account balance of £26,016 (2023 - £32,843) in relation to James William Rich.

Page 8

 
JWR VEHICLE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,140
11,020

5,140
11,020


The following liabilities were secured:

2024
2023
£
£



Bank loan
5,140
11,020

5,140
11,020

Details of security provided:

The bank loan is secured.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,360
6,480


6,360
6,480


Amounts falling due 2-5 years

Bank loans
5,140
11,020


11,500
17,500



11.


Controlling party

The company is controlled by the director, James William Rich, by virtue of his shareholding as described in the director's report.

 
Page 9