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REGISTERED NUMBER: 03259853 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

JOBLINGS GARAGE LTD

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOBLINGS GARAGE LTD

Company Information
for the year ended 31 May 2024







Directors: P R Jobling
M J Jobling
D R Jobling
R M Harris
Mrs C L Giles





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 03259853 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,714 23,802
Investments 5 406,189 186,413
Investment property 6 425,000 425,000
836,903 635,215

Current assets
Stocks - 117,630
Debtors 7 117,354 56,379
Cash at bank and in hand 390,650 530,724
508,004 704,733
Creditors
Amounts falling due within one year 8 243,188 369,047
Net current assets 264,816 335,686
Total assets less current liabilities 1,101,719 970,901

Provisions for liabilities 34,224 27,094
Net assets 1,067,495 943,807

Capital and reserves
Called up share capital 100 100
Share premium 7,990 7,990
Fair value reserve 148,534 155,664
Retained earnings 910,871 780,053
Shareholders' funds 1,067,495 943,807

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Balance Sheet - continued
31 May 2024


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

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





P R Jobling - Director


JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Joblings Garage Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Notes to the Financial Statements - continued
for the year ended 31 May 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.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 20 (2023 - 20 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 June 2023 367,395 167,528 534,923
Additions 7,620 - 7,620
Disposals (30,829 ) (167,528 ) (198,357 )
At 31 May 2024 344,186 - 344,186
Depreciation
At 1 June 2023 351,977 159,144 511,121
Charge for year 17,324 2,963 20,287
Eliminated on disposal (30,829 ) (162,107 ) (192,936 )
At 31 May 2024 338,472 - 338,472
Net book value
At 31 May 2024 5,714 - 5,714
At 31 May 2023 15,418 8,384 23,802

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. Fixed asset investments
Other
investments
£
Cost
At 1 June 2023 186,413
Additions 219,776
At 31 May 2024 406,189
Net book value
At 31 May 2024 406,189
At 31 May 2023 186,413

6. Investment property
Total
£
Fair value
At 1 June 2023
and 31 May 2024 425,000
Net book value
At 31 May 2024 425,000
At 31 May 2023 425,000

Investment property was valued by the directors on an open market basis at 31 May 2024.

Fair value at 31 May 2024 is represented by:
£
Valuation in 2015 23,508
Valuation in 2016 20,000
Valuation in 2018 50,000
Valuation in 2022 75,000
Cost 256,492
425,000

If investment property had not been revalued it would have been included at the following historical cost:

31/5/24 31/5/23
£ £
Cost 256,492 256,492

JOBLINGS GARAGE LTD (REGISTERED NUMBER: 03259853)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


7. Debtors: amounts falling due within one year
31/5/24 31/5/23
£ £
Trade debtors 18,431 40,629
Other debtors 98,923 15,750
117,354 56,379

8. Creditors: amounts falling due within one year
31/5/24 31/5/23
£ £
Trade creditors 15,144 130,794
Taxation and social security 138,655 114,339
Other creditors 89,389 123,914
243,188 369,047

9. Other financial commitments

At 31 May 2024, the company had annual commitments under operating leases amounting to £156,000 (2023 - £166,000.)