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REGISTERED NUMBER: 04771327 (England and Wales)















JOHN BULL MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,806 7,504
9,806 7,504

CURRENT ASSETS
Stocks 3,479 2,965
Debtors 6 60,896 56,778
Cash at bank and in hand 137,706 179,137
202,081 238,880
CREDITORS
Amounts falling due within one year 7 (55,999 ) (54,492 )
NET CURRENT ASSETS 146,082 184,388
TOTAL ASSETS LESS CURRENT LIABILITIES 155,888 191,892

PROVISIONS FOR LIABILITIES (1,628 ) (1,426 )
NET ASSETS 154,260 190,466

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 154,258 190,464
SHAREHOLDERS' FUNDS 154,260 190,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 24 April 2025 and were signed by:





Mr M A King - Director


JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

John Bull Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04771327

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

The presentation currency of the financial statements is the Pound Sterling (£). The financial statements are
rounded to the nearest Pound.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008. Goodwill was evenly amortised over its estimated useful life of 10 years and was fully amortised in 2018.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold property- 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 15% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.


JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Operating leases
Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities in the year in which they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023
and 30 September 2024 30,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 7,076 34,077 11,950 3,115 56,218
Additions - - 4,150 - 4,150
At 30 September 2024 7,076 34,077 16,100 3,115 60,368
DEPRECIATION
At 1 October 2023 7,076 27,045 11,872 2,721 48,714
Charge for year - 1,055 734 59 1,848
At 30 September 2024 7,076 28,100 12,606 2,780 50,562
NET BOOK VALUE
At 30 September 2024 - 5,977 3,494 335 9,806
At 30 September 2023 - 7,032 78 394 7,504

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 7,532 6,246
Other debtors 44,105 41,273
51,637 47,519

JOHN BULL MOTORS LIMITED (REGISTERED NUMBER: 04771327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 9,259 9,259

Aggregate amounts 60,896 56,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,022 16,047
Amounts owed to other related parties 2,691 3,825
Taxation and social security 30,305 31,787
Other creditors 2,981 2,833
55,999 54,492

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,156 1,787
Between one and five years 10,259 -
16,415 1,787

9. RELATED PARTY DISCLOSURES

Partnership Under Common Control
During the year, the company engaged in trading activities and had an outstanding monetary loan with Kings Engineering, a partnership jointly controlled by the Company’s majority shareholders.

The total value of invoices issued to the partnership during the year was £11,114, with payments received amounting to £9,980. The partnership issued the Company sales invoices totalling £11,520, with payments made amounting to £11,520. As at the year-end, the balance due from the partnership resulting from these trading activities was £1,602.17 (2023: £468), which has been aggregated with the balance of the monetary loan. Both amounts are included within "Amounts Due to Other Related Parties."

At the year-end, the company had a separate outstanding loan with the partnership, with £4,293 (2023: £4,293) due to the partnership. The loan is interest-free and unsecured. This amount is also aggregated with the balance from the trading engagement and included within "Amounts Due to Other Related Parties."