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
JN Commercial Repairs Limited
Company Information
for the year ended 30 September 2024
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
JN Commercial Repairs Limited
Statement of financial position
as at 30 September 2024
Tangible assets
61,029
72,126
Cash at bank and in hand
16,226
41,010
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
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
JN Commercial Repairs Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 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.
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.
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
Disposals
(31,731)
(13,995)
(45,726)
At 30 September 2024
78,683
49,614
128,297
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
At 30 September 2024
38,876
22,153
61,029
At 30 September 2023
34,825
37,301
72,126
Amounts falling due within one year
Trade debtors
44,925
43,499
Accrued income and prepayments
4,826
2,469
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,776
22,064
Other creditors
17,823
18,055
JN Commercial Repairs Limited
Notes to the Accounts
for the year ended 30 September 2024
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
10
Average number of employees
During the year the average number of employees was 4 (2023: 5).