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REGISTERED NUMBER: NI012339 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JRA Autoquip (NI) Limited

JRA Autoquip (NI) Limited (Registered number: NI012339)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JRA Autoquip (NI) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Adair
Mrs R Adair
B Auten
Mrs J Auten





SECRETARY: Mrs R Adair





REGISTERED OFFICE: Rose Cottage
31a Lurganville Road
Moira
Armagh
BT67 0PL





REGISTERED NUMBER: NI012339 (Northern Ireland)





ACCOUNTANTS: ASC Wylie UBU Ltd
Qualified Accountants, Tax & Business Advisors
7 Lisburn Street
Royal Hillsborough
Co. Down
BT26 6AB

JRA Autoquip (NI) Limited (Registered number: NI012339)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,049 15,487

CURRENT ASSETS
Stocks 423,918 339,121
Debtors 5 250,759 367,292
Cash at bank and in hand 19,518 14,024
694,195 720,437
CREDITORS
Amounts falling due within one year 6 236,523 244,383
NET CURRENT ASSETS 457,672 476,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,721

491,541

CREDITORS
Amounts falling due after more than one
year

7

(24,233

)

(18,333

)

PROVISIONS FOR LIABILITIES (4,794 ) (2,827 )
NET ASSETS 477,694 470,381

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 477,374 470,061
477,694 470,381

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JRA Autoquip (NI) Limited (Registered number: NI012339)

Balance Sheet - continued
31 July 2024


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 10 April 2025 and were signed on its behalf by:




R Adair - Director



B Auten - Director


JRA Autoquip (NI) Limited (Registered number: NI012339)

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

1. STATUTORY INFORMATION

JRA Autoquip (NI) Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JRA Autoquip (NI) Limited (Registered number: NI012339)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 16,722 111,384 128,106
Additions - 52,224 52,224
Disposals - (14,683 ) (14,683 )
At 31 July 2024 16,722 148,925 165,647
DEPRECIATION
At 1 August 2023 16,722 95,897 112,619
Charge for year - 18,630 18,630
Eliminated on disposal - (14,651 ) (14,651 )
At 31 July 2024 16,722 99,876 116,598
NET BOOK VALUE
At 31 July 2024 - 49,049 49,049
At 31 July 2023 - 15,487 15,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 230,801 366,435
Other debtors 19,958 857
250,759 367,292

JRA Autoquip (NI) Limited (Registered number: NI012339)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,067
Hire purchase contracts 6,490 (2,082 )
Trade creditors 36,923 41,213
Taxation and social security 28,262 64,606
Other creditors 154,848 130,579
236,523 244,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts 15,900 -
24,233 18,333