Registered number
04457113
CJD (Vehicle Engineers) Limited
Filleted Accounts
30 June 2024
CJD (Vehicle Engineers) Limited
Registered number: 04457113
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 37,428 25,682
Current assets
Stocks 10,500 10,500
Debtors 5 27,329 31,089
Cash at bank and in hand 6,605 5,852
44,434 47,441
Creditors: amounts falling due within one year 6 (35,473) (34,586)
Net current assets 8,961 12,855
Total assets less current liabilities 46,389 38,537
Creditors: amounts falling due after more than one year 7 (44,033) (38,282)
Net assets 2,356 255
Capital and reserves
Called up share capital 101 101
Profit and loss account 2,255 154
Shareholder's funds 2,356 255
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C J L Davis
Director
Approved by the board on 15 June 2025
CJD (Vehicle Engineers) Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 30,000
At 30 June 2024 30,000
Amortisation
At 1 July 2023 30,000
At 30 June 2024 30,000
Net book value
At 30 June 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 103,611 13,990 117,601
Additions 17,600 - 17,600
Disposals - (1,000) (1,000)
At 30 June 2024 121,211 12,990 134,201
Depreciation
At 1 July 2023 82,680 9,239 91,919
Charge for the year 4,185 1,028 5,213
On disposals - (359) (359)
At 30 June 2024 86,865 9,908 96,773
Net book value
At 30 June 2024 34,346 3,082 37,428
At 30 June 2023 20,931 4,751 25,682
5 Debtors 2024 2023
£ £
Trade debtors 7,467 25,164
Other debtors 19,862 5,925
27,329 31,089
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,355 12,863
Obligations under finance lease and hire purchase contracts 3,580 -
Trade creditors 8,239 14,005
Taxation and social security costs 4,622 5,219
Other creditors 5,677 2,499
35,473 34,586
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,505 38,282
Obligations under finance lease and hire purchase contracts 12,528 -
44,033 38,282
8 Other information
CJD (Vehicle Engineers) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nunnington Farm, Rookwood Road
West Wittering
Chichester
West Sussex
PO20 8LZ
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