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REGISTERED NUMBER: 00639507 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J. A. FISHER CARS LIMITED

J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J. A. FISHER CARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S Blake
Mrs J Blake





SECRETARY: Mrs J Blake





REGISTERED OFFICE: 400 Northolt Road
Harrow
Middlesex
HA2 8EX





REGISTERED NUMBER: 00639507 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 635,014 695,124

CURRENT ASSETS
Stocks 2,852 3,173
Debtors 5 19,388 21,836
Cash at bank and in hand 116,793 170,150
139,033 195,159
CREDITORS
Amounts falling due within one year 6 293,711 407,744
NET CURRENT LIABILITIES (154,678 ) (212,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,336

482,539

CREDITORS
Amounts falling due after more than one
year

7

(116,927

)

(99,447

)

PROVISIONS FOR LIABILITIES (80,149 ) (65,406 )
NET ASSETS 283,260 317,686

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 283,160 317,586
SHAREHOLDERS' FUNDS 283,260 317,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:




Mr S Blake - Director



Mrs J Blake - Director


J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

J. A. Fisher Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 9,460 1,962,362 1,971,822
Additions - 169,582 169,582
Disposals - (85,230 ) (85,230 )
At 31 December 2024 9,460 2,046,714 2,056,174
DEPRECIATION
At 1 January 2024 6,788 1,269,910 1,276,698
Charge for year 267 214,016 214,283
Eliminated on disposal - (69,821 ) (69,821 )
At 31 December 2024 7,055 1,414,105 1,421,160
NET BOOK VALUE
At 31 December 2024 2,405 632,609 635,014
At 31 December 2023 2,672 692,452 695,124

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 1,073,158
Additions 159,291
Disposals (16,564 )
At 31 December 2024 1,215,885
DEPRECIATION
At 1 January 2024 692,832
Charge for year 134,901
Eliminated on disposal (13,930 )
At 31 December 2024 813,803
NET BOOK VALUE
At 31 December 2024 402,082
At 31 December 2023 380,326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,906 12,523
Other debtors 10,482 9,313
19,388 21,836

J. A. FISHER CARS LIMITED (REGISTERED NUMBER: 00639507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 109,751 235,892
Trade creditors 10,741 11,359
Amounts owed to group undertakings 86,390 68,425
Taxation and social security 78,167 68,972
Other creditors 8,662 23,096
293,711 407,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 116,927 99,447

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 109,751 235,892
Between one and five years 116,927 99,447
226,678 335,339

9. TRANSACTIONS WITH DIRECTORS

During the year, rent amounting to £27,000 (2023: £27,000) was paid to the directors' of the company.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. CROSS GUARANTEE

J.A. Fisher Cars Limited has given a cross guarantee to Jafvans Limited, the company's immediate Parent company.