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Company Registration No. 08734265 (England and Wales)
JN Commercial Repairs Limited Unaudited accounts for the year ended 30 September 2024
JN Commercial Repairs Limited Unaudited accounts Contents
Page
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JN Commercial Repairs Limited Company Information for the year ended 30 September 2024
Director
Mr J Nel
Company Number
08734265 (England and Wales)
Registered Office
Unit 30, Haysbridge Farm Brickhouse Lane South Godstone Surrey RH9 8JW
Accountants
M&T Accounting Limited 24 Great Lime Kilns Southwater Horsham West Sussex RH13 9JL
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JN Commercial Repairs Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,029 
72,126 
Current assets
Debtors
49,751 
45,968 
Cash at bank and in hand
16,226 
41,010 
65,977 
86,978 
Creditors: amounts falling due within one year
(84,022)
(96,823)
Net current liabilities
(18,045)
(9,845)
Total assets less current liabilities
42,984 
62,281 
Creditors: amounts falling due after more than one year
(42,266)
(48,185)
Provisions for liabilities
Deferred tax
(5,548)
(8,853)
Net (liabilities)/assets
(4,830)
5,243 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(4,832)
5,241 
Shareholders' funds
(4,830)
5,243 
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 2 June 2025 and were signed on its behalf by
Mr J Nel Director Company Registration No. 08734265
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JN Commercial Repairs Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
JN Commercial Repairs Limited is a private company, limited by shares, registered in England and Wales, registration number 08734265. The registered office is Unit 30, Haysbridge Farm, Brickhouse Lane, South Godstone, Surrey, RH9 8JW.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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JN Commercial Repairs Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
95,225 
63,609 
158,834 
Additions
15,189 
- 
15,189 
Disposals
(31,731)
(13,995)
(45,726)
At 30 September 2024
78,683 
49,614 
128,297 
Depreciation
At 1 October 2023
60,400 
26,308 
86,708 
Charge for the year
9,993 
8,527 
18,520 
On disposals
(30,586)
(7,374)
(37,960)
At 30 September 2024
39,807 
27,461 
67,268 
Net book value
At 30 September 2024
38,876 
22,153 
61,029 
At 30 September 2023
34,825 
37,301 
72,126 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,925 
43,499 
Accrued income and prepayments
4,826 
2,469 
49,751 
45,968 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,400 
4,400 
Obligations under finance leases and hire purchase contracts
7,112 
7,939 
Trade creditors
31,309 
41,130 
Taxes and social security
16,905 
25,023 
Other creditors
16,614 
16,761 
Loans from directors
4,779 
302 
Accruals
2,253 
1,268 
Deferred income
650 
- 
84,022 
96,823 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,667 
8,066 
Obligations under finance leases and hire purchase contracts
20,776 
22,064 
Other creditors
17,823 
18,055 
42,266 
48,185 
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JN Commercial Repairs Limited Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £0.10 each
2 
2 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,193 
12,899 
Later than one year and not later than five years
10,413 
2,989 
16,606 
15,888 
10
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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