Acorah Software Products - Accounts Production 16.2.800 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11499095 Mr Jonathan Wilkinson Mrs Gemma Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11499095 2023-08-31 11499095 2024-08-31 11499095 2023-09-01 2024-08-31 11499095 frs-core:CurrentFinancialInstruments 2024-08-31 11499095 frs-core:Non-currentFinancialInstruments 2024-08-31 11499095 frs-core:BetweenOneFiveYears 2024-08-31 11499095 frs-core:ComputerEquipment 2024-08-31 11499095 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11499095 frs-core:ComputerEquipment 2023-08-31 11499095 frs-core:FurnitureFittings 2024-08-31 11499095 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11499095 frs-core:FurnitureFittings 2023-08-31 11499095 frs-core:MotorVehicles 2024-08-31 11499095 frs-core:MotorVehicles 2023-09-01 2024-08-31 11499095 frs-core:MotorVehicles 2023-08-31 11499095 frs-core:PlantMachinery 2024-08-31 11499095 frs-core:PlantMachinery 2023-09-01 2024-08-31 11499095 frs-core:PlantMachinery 2023-08-31 11499095 frs-core:ShareCapital 2024-08-31 11499095 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11499095 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11499095 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11499095 frs-bus:SmallEntities 2023-09-01 2024-08-31 11499095 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11499095 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11499095 frs-bus:Director1 2023-09-01 2024-08-31 11499095 frs-bus:Director2 2023-09-01 2024-08-31 11499095 frs-countries:EnglandWales 2023-09-01 2024-08-31 11499095 2022-08-31 11499095 2023-08-31 11499095 2022-09-01 2023-08-31 11499095 frs-core:CurrentFinancialInstruments 2023-08-31 11499095 frs-core:Non-currentFinancialInstruments 2023-08-31 11499095 frs-core:BetweenOneFiveYears 2023-08-31 11499095 frs-core:ShareCapital 2023-08-31 11499095 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11499095
J & D Car Sales Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11499095
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,432 55,034
41,432 55,034
CURRENT ASSETS
Stocks 5 182,553 277,861
Debtors 6 40,635 -
Cash at bank and in hand 59,316 39,194
282,504 317,055
Creditors: Amounts Falling Due Within One Year 7 (94,086 ) (60,957 )
NET CURRENT ASSETS (LIABILITIES) 188,418 256,098
TOTAL ASSETS LESS CURRENT LIABILITIES 229,850 311,132
Creditors: Amounts Falling Due After More Than One Year 8 (42,681 ) (62,499 )
NET ASSETS 187,169 248,633
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 187,069 248,533
SHAREHOLDERS' FUNDS 187,169 248,633
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For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Wilkinson
Director
Mrs Gemma Wilkinson
Director
26/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J & D Car Sales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11499095 . The registered office is J & D Car Sales Ltd , Finchale Road, Durham, Co Durham, DH1 5HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 statement of comprehensive income 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 583 64,035 604 2,211 67,433
Additions - - 181 - 181
As at 31 August 2024 583 64,035 785 2,211 67,614
Depreciation
As at 1 September 2023 73 10,797 181 1,348 12,399
Provided during the period 146 13,309 112 216 13,783
As at 31 August 2024 219 24,106 293 1,564 26,182
Net Book Value
As at 31 August 2024 364 39,929 492 647 41,432
As at 1 September 2023 510 53,238 423 863 55,034
5. Stocks
2024 2023
£ £
Stock 182,553 277,861
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,824 -
Prepayments and accrued income 685 -
Other taxes and social security 126 -
40,635 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,922 6,438
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,566 (22,451 )
Other taxes and social security - 108
VAT 8,284 9,030
Net wages 2,055 3,373
Other creditors - 200
Directors' loan accounts 54,259 54,259
94,086 60,957
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,181 44,999
Bank loans 7,500 17,500
42,681 62,499
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 35,181 44,999
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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