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REGISTERED NUMBER: SC571377 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SJD MOTORS LTD

SJD MOTORS LTD (REGISTERED NUMBER: SC571377)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

SJD MOTORS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr S Deans
Mrs J Deans





REGISTERED OFFICE: 49 Springhill Road
Mastrick
Aberdeen
AB16 6SA





REGISTERED NUMBER: SC571377 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

SJD MOTORS LTD (REGISTERED NUMBER: SC571377)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,687 64,011

CURRENT ASSETS
Stocks 4,580 5,050
Debtors 5 2,979 5,925
Cash at bank 118,151 92,163
125,710 103,138
CREDITORS
Amounts falling due within one year 6 99,941 75,664
NET CURRENT ASSETS 25,769 27,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,456

91,485

CREDITORS
Amounts falling due after more than one year 7 - (14,843 )

PROVISIONS FOR LIABILITIES 9 (13,922 ) -
NET ASSETS 67,534 76,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,434 76,542
SHAREHOLDERS' FUNDS 67,534 76,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mrs J Deans - Director


SJD MOTORS LTD (REGISTERED NUMBER: SC571377)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

SJD Motors Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

SJD MOTORS LTD (REGISTERED NUMBER: SC571377)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 90,155 25,643 1,685 117,483
Additions 8,055 - - 8,055
At 31 July 2024 98,210 25,643 1,685 125,538
DEPRECIATION
At 1 August 2023 34,702 18,207 563 53,472
Charge for year 14,239 1,859 281 16,379
At 31 July 2024 48,941 20,066 844 69,851
NET BOOK VALUE
At 31 July 2024 49,269 5,577 841 55,687
At 31 July 2023 55,453 7,436 1,122 64,011

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 49,529
DEPRECIATION
At 1 August 2023 13,171
Charge for year 9,089
At 31 July 2024 22,260
NET BOOK VALUE
At 31 July 2024 27,269
At 31 July 2023 36,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 611 5,532
Prepayments and accrued income 2,368 -
Prepayments - 393
2,979 5,925

SJD MOTORS LTD (REGISTERED NUMBER: SC571377)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 14,801 14,843
Trade creditors 7,527 11,633
Tax 30,954 22,626
Social security and other taxes - 688
VAT 9,648 3,368
Other creditors 45 -
Directors' current accounts 36,966 21,093
Accrued expenses - 1,413
99,941 75,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 14,843

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 14,801 17,901
Between one and five years - 17,901
14,801 35,802

Finance charges repayable:
Within one year - 3,058
Between one and five years - 3,058
- 6,116

Net obligations repayable:
Within one year 14,801 14,843
Between one and five years - 14,843
14,801 29,686

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,323 7,323
Between one and five years 12,836 20,159
20,159 27,482

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,922 -

SJD MOTORS LTD (REGISTERED NUMBER: SC571377)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Movement 13,922
Balance at 31 July 2024 13,922

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr S Deans and Mrs J Deans
Balance outstanding at start of year (21,093 ) (20,781 )
Amounts advanced 21,151 -
Amounts repaid (37,024 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,966 ) (21,093 )

This loan is interest free and has no fixed repayment period.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SJD MOTORS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SJD Motors Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of SJD Motors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SJD Motors Ltd and state those matters that we have agreed to state to the Board of Directors of SJD Motors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SJD Motors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SJD Motors Ltd. You consider that SJD Motors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SJD Motors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


26 February 2025