Company Registration No. 09321875 (England and Wales)
J C Cars London Limited
Filleted Accounts
for the year ended 30 November 2024
J C Cars London Limited
Filleted Accounts
Contents
J C Cars London Limited
Company Information
for the year ended 30 November 2024
Directors
K. Montague
A. J. Montague
Company Number
09321875 (England and Wales)
Registered Office
Sapphire House
73 St Margarets Avenue
Whetstone
London
N20 9LD
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
J C Cars London Limited
Statement of financial position
as at 30 November 2024
Intangible assets
10,863
10,863
Tangible assets
21,092
17,416
Inventories
206,798
437,670
Cash at bank and in hand
450,277
64,508
Creditors: amounts falling due within one year
(549,634)
(368,279)
Net current assets
320,583
191,036
Total assets less current liabilities
352,538
219,315
Creditors: amounts falling due after more than one year
(174,244)
(14,080)
Net assets
178,294
205,235
Called up share capital
100
100
Profit and loss account
178,194
205,135
Shareholders' funds
178,294
205,235
For the year ending 30 November 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
K. Montague
Director
Company Registration No. 09321875
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2024
J C Cars London Limited is a private company, limited by shares, registered in England and Wales, registration number 09321875. The registered office is Sapphire House, 73 St Margarets Avenue, Whetstone, London, N20 9LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents net invoiced fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing balance method at 20% per annum.
Fixtures & fittings
Reducing balance method at 20% per annum.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2024
10,863
At 30 November 2024
10,863
At 30 November 2023
10,863
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2023
17,726
17,477
35,203
Additions
17,700
1,525
19,225
Disposals
(17,726)
-
(17,726)
At 30 November 2024
17,700
19,002
36,702
At 1 December 2023
7,449
10,338
17,787
Charge for the year
5,595
1,733
7,328
On disposals
(9,505)
-
(9,505)
At 30 November 2024
3,539
12,071
15,610
At 30 November 2024
14,161
6,931
21,092
At 30 November 2023
10,277
7,139
17,416
Amounts falling due within one year
Trade debtors
201,213
49,336
Accrued income and prepayments
8,586
716
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
85,832
24,021
Obligations under finance leases and hire purchase contracts
4,744
-
Trade creditors
88,912
177,472
Taxes and social security
18,703
55,747
Other creditors
74,244
85,821
Loans from directors
261,418
14,776
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
17,405
-
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).