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REGISTERED NUMBER: 09766852 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JOHN GRIFFITHS CARS LIMITED

JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN GRIFFITHS CARS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTOR: John Griffiths





REGISTERED OFFICE: Peterborough Road
Langtoft
Peterborough
Cambridgeshire
PE6 9LW





REGISTERED NUMBER: 09766852 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 30,789 20,486
30,789 20,486

CURRENT ASSETS
Stocks 367,350 356,294
Debtors 7 5,428 4,755
Cash in hand 20 230
372,798 361,279
CREDITORS
Amounts falling due within one year 8 171,270 131,341
NET CURRENT ASSETS 201,528 229,938
TOTAL ASSETS LESS CURRENT LIABILITIES 232,317 250,424

CREDITORS
Amounts falling due after more than one
year

9

(83,295

)

(106,975

)

PROVISIONS FOR LIABILITIES (4,270 ) (2,119 )
NET ASSETS 144,752 141,330

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 144,651 141,229
144,752 141,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

BALANCE SHEET - continued
30 September 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 director and authorised for issue on 14 May 2025 and were signed by:





John Griffiths - Director


JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

John Griffiths Cars Limited is a private limited company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered Number: 09766852



Registered office:
Peterborough Road
Langtoft
Peterborough
PE6 9LW

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

Financial instruments
Financial instruments are classified as basic following the conditions in FRS102 Section 1A. Basic instruments are recognised as the amortised cost using the effective rate of interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 10,000
AMORTISATION
At 1 October 2023
and 30 September 2024 10,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 58,916
Additions 23,308
Disposals (6,500 )
At 30 September 2024 75,724
DEPRECIATION
At 1 October 2023 38,430
Charge for year 10,263
Eliminated on disposal (3,758 )
At 30 September 2024 44,935
NET BOOK VALUE
At 30 September 2024 30,789
At 30 September 2023 20,486

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,630 4,012
Other debtors 798 743
5,428 4,755

JOHN GRIFFITHS CARS LIMITED (REGISTERED NUMBER: 09766852)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,762 35,806
Hire purchase contracts 3,844 5,125
Payments on account 400 200
Trade creditors 90,797 57,793
Taxation and social security 20,743 16,271
Other creditors 2,724 16,146
171,270 131,341

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 83,295 103,131
Hire purchase contracts - 3,844
83,295 106,975

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,227 30,545

10. SECURED DEBTS

The bank loan is secured by way of a legal charge over the freehold of the business premises.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed a director £724 (2023:£14,146). This loan is unsecured, interest charged at market rate and repayable on demand.