Company Registration No. 11014439 (England and Wales)
JM Autos (Taunton) Ltd
Unaudited accounts
for the year ended 30 September 2024
JM Autos (Taunton) Ltd
Unaudited accounts
Contents
JM Autos (Taunton) Ltd
Company Information
for the year ended 30 September 2024
Company Number
11014439 (England and Wales)
Registered Office
Unit 2, Fideoak Mill
Bishops Hull
Taunton
TA4 1AF
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
JM Autos (Taunton) Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
11,700
11,700
Tangible assets
87,912
100,049
Cash at bank and in hand
10,205
(7,405)
Creditors: amounts falling due within one year
(83,887)
(90,680)
Net current liabilities
(11,382)
(35,455)
Total assets less current liabilities
88,230
76,294
Creditors: amounts falling due after more than one year
(43,835)
(56,436)
Provisions for liabilities
Deferred tax
(18,926)
(19,009)
Called up share capital
100
100
Profit and loss account
25,369
749
Shareholders' funds
25,469
849
For the year ending 30 September 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 31 May 2025 and were signed on its behalf by
Mr JWE Marshall
Director
Company Registration No. 11014439
JM Autos (Taunton) Ltd
Notes to the Accounts
for the year ended 30 September 2024
JM Autos (Taunton) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11014439. The registered office is Unit 2, Fideoak Mill, Bishops Hull, Taunton, TA4 1AF.
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.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 September 2024
11,700
At 30 September 2024
11,700
At 30 September 2023
11,700
JM Autos (Taunton) Ltd
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
108,387
77,736
12,085
198,208
Additions
-
2,000
2,541
4,541
At 30 September 2024
108,387
79,736
14,626
202,749
At 1 October 2023
54,274
36,253
7,632
98,159
Charge for the year
10,822
5,856
-
16,678
At 30 September 2024
65,096
42,109
7,632
114,837
At 30 September 2024
43,291
37,627
6,994
87,912
At 30 September 2023
54,113
41,483
4,453
100,049
Amounts falling due within one year
Other debtors
54,432
53,667
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,601
7,601
Trade creditors
42,402
47,717
Taxes and social security
18,829
23,967
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,168
29,769
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
JM Autos (Taunton) Ltd
Notes to the Accounts
for the year ended 30 September 2024
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).