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REGISTERED NUMBER: 08098186 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Joule Brady Car & Commercials Limited

Joule Brady Car & Commercials Limited (Registered number: 08098186)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joule Brady Car & Commercials Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K J Ball
A Brady
K Hallam
P J Potter





REGISTERED OFFICE: 1 Sheffield Road
Chapel-En-Le-Frith
High Peak
SK23 0PE





REGISTERED NUMBER: 08098186 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Joule Brady Car & Commercials Limited (Registered number: 08098186)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,337 29,873

CURRENT ASSETS
Debtors 5 444,302 326,182
Cash at bank and in hand 50,229 148,870
494,531 475,052
CREDITORS
Amounts falling due within one year 6 116,862 96,416
NET CURRENT ASSETS 377,669 378,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,006

408,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 460,906 408,409
SHAREHOLDERS' FUNDS 461,006 408,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 December 2024 and were signed on its behalf by:





K J Ball - Director


Joule Brady Car & Commercials Limited (Registered number: 08098186)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Joule Brady Car & Commercials Limited 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.

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.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

Joule Brady Car & Commercials Limited (Registered number: 08098186)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 September 2023 22,750 27,211 1,325 51,286
Additions 18,000 43,990 - 61,990
At 31 August 2024 40,750 71,201 1,325 113,276
DEPRECIATION
At 1 September 2023 9,855 10,451 1,107 21,413
Charge for year 3,004 5,450 72 8,526
At 31 August 2024 12,859 15,901 1,179 29,939
NET BOOK VALUE
At 31 August 2024 27,891 55,300 146 83,337
At 31 August 2023 12,895 16,760 218 29,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 362,302 324,182
Other debtors 82,000 2,000
444,302 326,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 39,608 52,641
Tax 5,121 1,257
Social security and other taxes 15,633 9,877
VAT 51,773 29,345
Accrued expenses 4,727 3,296
116,862 96,416

7. RELATED PARTY DISCLOSURES

At the year end the company is owed £32,000 (2023: £2,000) from Joule Brady Properties Limited, a company under common control. This balance is included in debtors and is repayable on demand.

At the year end the company is owed £50,000 (2023: £Nil) from the Bridge Nursery Limited, a company under common control. This balance is included in debtors and is repayable on demand.