J Lees Motor Services Limited Filleted Accounts Cover
J Lees Motor Services Limited
Company No. 05482343
Information for Filing with The Registrar
30 June 2024
J Lees Motor Services Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2024.
Principal activities
The principal activity of the company during the year under review was maintenance and repair of motor vehicles.
Directors
The Directors who served at any time during the year were as follows:
J. Lees
J. Lees
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Lees
Director
14 March 2025
J Lees Motor Services Limited Balance Sheet Registrar
at
30 June 2024
Company No.
05482343
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
--
Tangible assets
5
14,2112,652
14,2112,652
Current assets
Stocks
6
6,0006,000
Debtors
7
3,7765,276
Cash at bank and in hand
26,17554,895
35,95166,171
Creditors: Amount falling due within one year
8
(19,883)
(26,479)
Net current assets
16,06839,692
Total assets less current liabilities
30,27942,344
Provisions for liabilities
Deferred taxation
(3,155)
(504)
Net assets
27,12441,840
Capital and reserves
Called up share capital
100100
Profit and loss account
10
27,02441,740
Total equity
27,12441,840
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 14 March 2025 and signed on its behalf by:
J. Lees
Director
14 March 2025
J Lees Motor Services Limited Notes to the Accounts Registrar
for the year ended 30 June 2024
1
General information
J Lees Motor Services Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 05482343
Its registered office is:
J. Lees Garage
Havacre Lane
Bilston
West Midlands
WV14 9NP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 July 2023
50,00050,000
At 30 June 2024
50,00050,000
Amortisation and impairment
At 1 July 2023
50,00050,000
At 30 June 2024
50,00050,000
Net book values
At 30 June 2024
--
At 30 June 2023
--
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 July 2023
10,1179,5214,45624,094
Additions
12,500-32312,823
At 30 June 2024
22,6179,5214,77936,917
Depreciation
At 1 July 2023
9,4797,9324,03121,442
Charge for the year
6803971871,264
At 30 June 2024
10,1598,3294,21822,706
Net book values
At 30 June 2024
12,4581,19256114,211
At 30 June 2023
638
1,589
425
2,652
6
Stocks
2024
2023
£
£
Raw materials and consumables
6,0006,000
6,0006,000
7
Debtors
2024
2023
£
£
VAT recoverable
456-
Prepayments and accrued income
3,3205,276
3,7765,276
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
12,12411,268
Taxes and social security
3,720
10,365
Loans from directors
421416
Other creditors
1,7541,735
Accruals and deferred income
1,8642,695
19,88326,479
9
Share Capital
100 Ordinary shares of £1 each
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
35,000
20,000
35,000
20,000
Dividends by type:
Equity dividends
35,00020,000
35,000
20,000
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