Registered number
10834353
J C Selby Vehicle Services Limited
Filleted Accounts
30 June 2024
J C Selby Vehicle Services Limited
Registered number: 10834353
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 9,582 12,676
Current assets
Debtors 5 32,378 29,109
Cash at bank and in hand 302,323 222,389
334,701 251,498
Creditors: amounts falling due within one year 6 (42,025) (16,687)
Net current assets 292,676 234,811
Total assets less current liabilities 302,258 247,487
Provisions for liabilities (1,821) (2,409)
Net assets 300,437 245,078
Capital and reserves
Called up share capital 100 100
Profit and loss account 300,337 244,978
Shareholders' funds 300,437 245,078
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J C Selby
Director
Approved by the board on 25 February 2025
J C Selby Vehicle Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Stocks
Work in progress is measured at the estimated selling price. The carrying amount of work in progress is recognised in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 11,300
At 30 June 2024 11,300
Amortisation
At 1 July 2023 11,300
At 30 June 2024 11,300
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 20,286
Additions 4,722
Disposals (9,463)
At 30 June 2024 15,545
Depreciation
At 1 July 2023 7,610
Charge for the year 1,343
On disposals (2,990)
At 30 June 2024 5,963
Net book value
At 30 June 2024 9,582
At 30 June 2023 12,676
5 Debtors 2024 2023
£ £
Trade debtors 31,535 28,026
Other debtors 843 1,083
32,378 29,109
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,406 4,906
Taxation and social security costs 34,096 12,305
Other creditors 4,523 (524)
42,025 16,687
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J C Selby
Directors loan account 1,478 (37,127) 39,201 3,552
C A Selby
Directors loan account (2,002) (35,671) 38,644 971
(524) (72,798) 77,845 4,523
8 Controlling party
The company was controlled by the Directors.
9 Other information
J C Selby Vehicle Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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