Company Registration No. 4060774 (England and Wales)
JC 4X4 TRADE CARS LIMITED
Unaudited accounts
for the year ended 31 August 2024
JC 4X4 TRADE CARS LIMITED
Unaudited accounts
Contents
JC 4X4 TRADE CARS LIMITED
Company Information
for the year ended 31 August 2024
Company Number
4060774 (England and Wales)
Registered Office
TANHOUSE FARMHOUSE
UPTON BISHOP
HEREFORDSHIRE
HR9 7UP
ENGLAND
Accountants
The Practice - Chartered Management Accountants
2 New Street
Ledbury
Herefordshire
HR8 2DX
JC 4X4 TRADE CARS LIMITED
Statement of financial position
as at 31 August 2024
Inventories
173,162
238,935
Cash at bank and in hand
107,549
81,252
Creditors: amounts falling due within one year
(17,697)
(16,500)
Net current assets
263,014
303,687
Net assets
263,338
304,119
Called up share capital
100
100
Profit and loss account
263,238
304,019
Shareholders' funds
263,338
304,119
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 director acknowledges his 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 and authorised for issue on 17 April 2025 and were signed on its behalf by
Jason Cohen
Director
Company Registration No. 4060774
JC 4X4 TRADE CARS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
JC 4X4 TRADE CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4060774. The registered office is TANHOUSE FARMHOUSE, UPTON BISHOP, HEREFORDSHIRE, HR9 7UP, ENGLAND.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
645
458
1,103
At 31 August 2024
645
458
1,103
At 1 September 2023
407
264
671
Charge for the year
60
48
108
At 31 August 2024
467
312
779
At 31 August 2024
178
146
324
At 31 August 2023
238
194
432
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Creditors: amounts falling due within one year
2024
2023
Loans from directors
14,701
14,701
JC 4X4 TRADE CARS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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Transactions with related parties
During the year, the company received a loan of £14,701 from a director, Mr Jason Cohen. The loan is considered a related party transaction under FRS 102, Section 33, as the director is a key management person.
The loan is unsecured, interest free, and is repayable on demand The outstanding balance at the year end was £14,701
No guarantees were given or received in respect of this loan.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).