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Company Registration No. 9151888 (England and Wales)
JNS MOTOR SPARES LIMITED Unaudited accounts for the year ended 31 July 2024
JNS MOTOR SPARES LIMITED Unaudited accounts Contents
Page
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JNS MOTOR SPARES LIMITED Company Information for the year ended 31 July 2024
Directors
Mohammed Shaid Akhtar Mahmood Yousef
Company Number
9151888 (England and Wales)
Registered Office
The Old Sunday School Bakes Street Bradford BD7 3EX
Accountants
B Ram & Co Accountants Ltd 7 Idle Road Bradford BD2 4QA
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JNS MOTOR SPARES LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,626 
69,041 
Current assets
Inventories
285,336 
290,104 
Debtors
323,479 
147,491 
Cash at bank and in hand
122,612 
156,411 
731,427 
594,006 
Creditors: amounts falling due within one year
(362,421)
(349,871)
Net current assets
369,006 
244,135 
Total assets less current liabilities
450,632 
313,176 
Provisions for liabilities
Deferred tax
(7,837)
(7,279)
Net assets
442,795 
305,897 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
442,695 
305,797 
Shareholders' funds
442,795 
305,897 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
Mohammed Shaid Director Company Registration No. 9151888
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JNS MOTOR SPARES LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
JNS MOTOR SPARES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9151888. The registered office is The Old Sunday School, Bakes Street, Bradford, BD7 3EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Short leasehold improvments - Straight line over 15 years
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JNS MOTOR SPARES LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
5,000 
At 31 July 2024
5,000 
Amortisation
At 1 August 2023
5,000 
At 31 July 2024
5,000 
Net book value
At 31 July 2024
- 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
46,095 
17,620 
61,921 
125,636 
Additions
- 
30,160 
125 
30,285 
At 31 July 2024
46,095 
47,780 
62,046 
155,921 
Depreciation
At 1 August 2023
15,365 
4,405 
36,825 
56,595 
Charge for the year
3,073 
10,844 
3,783 
17,700 
At 31 July 2024
18,438 
15,249 
40,608 
74,295 
Net book value
At 31 July 2024
27,657 
32,531 
21,438 
81,626 
At 31 July 2023
30,730 
13,215 
25,096 
69,041 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
123,479 
147,491 
Amounts due from group undertakings etc.
200,000 
- 
323,479 
147,491 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,880 
11,586 
Trade creditors
297,087 
294,246 
Taxes and social security
40,836 
37,771 
Loans from directors
4,618 
4,618 
Accruals
2,000 
1,650 
362,421 
349,871 
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JNS MOTOR SPARES LIMITED Notes to the Accounts for the year ended 31 July 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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