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Registered number: 07760581
JTD Autos Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07760581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 53,078 56,540
53,078 56,540
CURRENT ASSETS
Stocks 6 12,500 7,750
Debtors 7 2,289 3,879
Cash at bank and in hand 1,852 393
16,641 12,022
Creditors: Amounts Falling Due Within One Year 8 (43,145 ) (47,638 )
NET CURRENT ASSETS (LIABILITIES) (26,504 ) (35,616 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,574 20,924
Creditors: Amounts Falling Due After More Than One Year 9 (9,748 ) (19,050 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,071 ) (1,443 )
NET ASSETS 15,755 431
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 15,455 131
SHAREHOLDERS' FUNDS 15,755 431
Page 1
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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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Connors
Director
9 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
JTD Autos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07760581 . The registered office is Cloudside Garage, Ilkeston Road, Sandiacre, Nottingham, NG10 5EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 25,000
As at 30 September 2024 25,000
Amortisation
As at 1 October 2023 25,000
As at 30 September 2024 25,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 61,179 16,791 2,794 299 81,063
Additions - - - 322 322
As at 30 September 2024 61,179 16,791 2,794 621 81,385
Depreciation
As at 1 October 2023 12,235 10,368 1,621 299 24,523
Provided during the period 2,447 964 293 80 3,784
As at 30 September 2024 14,682 11,332 1,914 379 28,307
Net Book Value
As at 30 September 2024 46,497 5,459 880 242 53,078
As at 1 October 2023 48,944 6,423 1,173 - 56,540
6. Stocks
2024 2023
£ £
Stock 12,500 7,750
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,984 3,402
Other debtors 305 477
2,289 3,879
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,859 8,611
Bank loans and overdrafts 18,928 19,593
Other creditors 3,856 5,830
Taxation and social security 11,502 13,604
43,145 47,638
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,748 19,050
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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