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REGISTERED NUMBER: 11804343 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

JAMES MOTOR COMPANY (YORKS) LIMITED

JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)






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


JAMES MOTOR COMPANY (YORKS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: T James
M T James





REGISTERED OFFICE: Crossroads Garage
122 Main Street
Auckley
Doncaster
South Yorkshire
DN9 3HH





REGISTERED NUMBER: 11804343 (England and Wales)





ACCOUNTANTS: A Wigglesworth And Company Ltd
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,000
Tangible assets 5 4,238 4,803
4,238 7,803

CURRENT ASSETS
Debtors 6 29,080 31,646
Cash at bank and in hand 272,928 193,655
302,008 225,301
CREDITORS
Amounts falling due within one year 7 107,291 103,322
NET CURRENT ASSETS 194,717 121,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,955

129,782

CREDITORS
Amounts falling due after more than one
year

8

(11,489

)

(21,645

)

PROVISIONS FOR LIABILITIES (550 ) (580 )
NET ASSETS 186,916 107,557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,816 107,457
186,916 107,557

JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)

BALANCE SHEET - continued
31 JULY 2024


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.

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 28 April 2025 and were signed on its behalf by:





T James - Director


JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

James Motor Company (Yorks) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% 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.

JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 15,000
AMORTISATION
At 1 August 2023 12,000
Charge for year 3,000
At 31 July 2024 15,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 3,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 5,300 1,700 7,000
DEPRECIATION
At 1 August 2023 1,338 859 2,197
Charge for year 396 169 565
At 31 July 2024 1,734 1,028 2,762
NET BOOK VALUE
At 31 July 2024 3,566 672 4,238
At 31 July 2023 3,962 841 4,803

JAMES MOTOR COMPANY (YORKS) LIMITED (REGISTERED NUMBER: 11804343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,080 31,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,048 14,449
Trade creditors 31,057 32,340
Tax 43,155 27,064
Social security and other taxes 4,782 6,570
VAT 12,979 15,992
Credit Card Account 1,439 3,485
Directors' current accounts 1,131 1,120
Accrued expenses 2,700 2,302
107,291 103,322

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,048 9,848
Bank loans - 2-5 years 1,441 11,797
11,489 21,645