Company Registration No. 04680027 (England and Wales)
J & J L Flanagan Motor Engineers Limited
Unaudited accounts
for the year ended 31 March 2024
J & J L Flanagan Motor Engineers Limited
Unaudited accounts
Contents
J & J L Flanagan Motor Engineers Limited
Company Information
for the year ended 31 March 2024
Director
Jonathan Lee Flanagan
Secretary
Jonathan Lee FLanagan
Company Number
04680027 (England and Wales)
Registered Office
Unit 1
St Nicholas Road
Beverley
East Yorkshire
HU17 0EG
UK
J & J L Flanagan Motor Engineers Limited
Statement of financial position
as at 31 March 2024
Tangible assets
11,061
10,247
Cash at bank and in hand
27,004
29,422
Creditors: amounts falling due within one year
(13,005)
(19,374)
Net current assets
21,815
19,674
Total assets less current liabilities
32,876
29,921
Creditors: amounts falling due after more than one year
(5,099)
(7,357)
Provisions for liabilities
Deferred tax
(1,626)
(2,050)
Called up share capital
100
100
Profit and loss account
26,051
20,414
Shareholders' funds
26,151
20,514
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 19 March 2025 and were signed on its behalf by
Jonathan Lee Flanagan
Director
Company Registration No. 04680027
J & J L Flanagan Motor Engineers Limited
Notes to the Accounts
for the year ended 31 March 2024
J & J L Flanagan Motor Engineers Limited is a private company, limited by shares, registered in England and Wales, registration number 04680027. The registered office is Unit 1, St Nicholas Road, Beverley, East Yorkshire, HU17 0EG, UK.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
J & J L Flanagan Motor Engineers Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
7,214
13,000
4,468
24,682
At 31 March 2024
10,793
13,000
4,468
28,261
At 1 April 2023
5,906
4,680
3,849
14,435
Charge for the year
977
1,664
124
2,765
At 31 March 2024
6,883
6,344
3,973
17,200
At 31 March 2024
3,910
6,656
495
11,061
At 31 March 2023
1,308
8,320
619
10,247
Amounts falling due within one year
Accrued income and prepayments
1,200
1,200
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,436
3,436
Trade creditors
5,452
9,078
Taxes and social security
4,722
5,885
Other creditors
1,642
1,343
Loans from directors
(2,247)
(368)
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Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).