Registered number
04327345
Jaydee Motors Limited
Unaudited Filleted Accounts
31 December 2024
Jaydee Motors Limited
Registered number: 04327345
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 230,697 215,154
Current assets
Stocks 2,306,658 2,745,617
Debtors 4 378,734 368,527
Cash at bank and in hand 268,418 439,413
2,953,810 3,553,557
Creditors: amounts falling due within one year 5 (2,045,828) (2,756,125)
Net current assets 907,982 797,432
Total assets less current liabilities 1,138,679 1,012,586
Provisions for liabilities (30,010) (35,155)
Net assets 1,108,669 977,431
Capital and reserves
Called up share capital 15,000 15,000
Capital redemption reserve 58,000 58,000
Profit and loss account 1,035,669 904,431
Shareholder's funds 1,108,669 977,431
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J H Dauphin
Director
Approved by the board on 25 March 2025
Jaydee Motors Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have assessed and concluded that the group have adequate resources to meet its debts as they fall due for the period of 12 months after the approval of these financial statements.

In light of the statement above, the directors have therefore prepared the financial statements on a going concern basis.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. In general, this occurs when vehicles or parts have been supplied or when a service has been completed. Commission income is accounted for on a receivable basis.
Incentives and other rebates from brand partners
The company receives income in the form of various incentives which are determined by brand partners. The amount received is generally based on achieving specific objectives such as a specificed sales volume, as well as other objectives including maintaining brand partner standards which may include, but are not limited to, retail centre image and design requirements, customer satisfaction survey results and training standards. Objectives are generally set and measured on either a quarterly or annual basis.

When incentives are based on a specific sales volume or number of registrations, the related income is recognised as a reduction in cost of sales when it is reasonably certain that the income has been earned. This is generally the later of the date the related vehicles are sold or registered or when it is reasonably certain that the related target will be met. Where incentives are linked to retail centre image and design requirements, customer satisfaction survey results or training standards, they are recognised as a reduction in cost of sales when it is reasonably certain that the incentive will be received for the relevant period.

The company may also receive contributions towards advertising, promotional and rent expenditure. Where such contributions are received they are recognised as a reduction in the related expenditure in the period to which they relate.
Government grants
Government grant income is accounted for on an accruals basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 10% - 33% on cost
Fixtures and fittings 10% - 50% on cost
Motor vehicles 33% on cost
Computer equipment 33% - 50% on cost
Consignment stock
Consignment stock vehicles that are regarded effectively as being under control of the company and, in accordance with FRS 102, are included within stock on the Balance Sheet. Although legal title has not passed to the company, the corresponding liability is included in trade creditors and is secured directly on the vehicles to which it relates.
Stock valuation
Stock valuation is regularly monitored against age profile and market demand. Management use a number of market tools during the appraisal process including Glass' and CAP valuation guides. The director maintains oversight of ageing stock profiles and a monthly review of any provision required is performed.

Used vehicle stocks are stated at part exchange value less any adjustment to reflect over or under allowance on exchange value and adjusted for market conditions. A key source of estimation uncertainity is the valuation of used vehicle stock. The director values used stock on a vehicle by vehicle basis having due regard to vehicle mileage and condition, and the market value indicated by relevant trade guides. These valuations assume that demand for used vehicles is consistent with that seen in previous years.

Parts stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis. Net realisable value is the price at which the stock can be realised in the normal course of business after allowing for the costs of realisation. Provision is made for obsolete, slow-moving and defective stock.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 19
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 224,260 391,185 - 615,445
Additions 1,500 34,708 45,603 81,811
Disposals - (3,527) - (3,527)
At 31 December 2024 225,760 422,366 45,603 693,729
Depreciation
At 1 January 2024 152,322 247,969 - 400,291
Charge for the year 8,713 50,028 7,525 66,266
On disposals - (3,525) - (3,525)
At 31 December 2024 161,035 294,472 7,525 463,032
Net book value
At 31 December 2024 64,725 127,894 38,078 230,697
At 31 December 2023 71,938 143,216 - 215,154
4 Debtors 2024 2023
£ £
Trade debtors 121,130 181,731
Other debtors 257,604 186,796
378,734 368,527
Amounts due after more than one year included above - 14,876
Included in other debtors above are prepayments and accrued income of £220,665 (2023: £96,820).
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,787,170 2,620,133
Taxation and social security costs 204,603 67,209
Other creditors 54,055 68,783
2,045,828 2,756,125
Included in other creditors above are accruals of £54,055 (2023: £66,746).
6 Secured debts 2024 2023
£ £
The following secured debts are included within creditors:
Vehicle funding 297,344 467,219
7 Share capital 2024 2023
£ £
Allotted, called up and fully paid share capital:
14,250 ordinary A share of £1 each 14,250 14,250
750 ordinary shares of £1 each 750 750
15,000 15,000
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 319,691 447,030
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr J H Dauphin
Loan 1 54,411 94,471 (144,724) 4,158
54,411 94,471 (144,724) 4,158
Included within other debtors are the above loans to directors. The loans are unsecured and are repayable on demand. Interest has been charged on the loans at the HMRC authorised rate for beneficial loans.
10 Other information
Jaydee Motors Limited is a private company limited by shares and incorporated in England. Its registered number is: 04327345, and its registered office is:
Oxford Road
Bodicote
Banbury
Oxfordshire
OX15 4AB
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