Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3020false2023-10-01falseNo description of principal activity16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08204765 2023-10-01 2024-09-30 08204765 2022-10-01 2023-09-30 08204765 2024-09-30 08204765 2023-09-30 08204765 2022-10-01 08204765 c:Director1 2023-10-01 2024-09-30 08204765 d:PlantMachinery 2023-10-01 2024-09-30 08204765 d:PlantMachinery 2024-09-30 08204765 d:PlantMachinery 2023-09-30 08204765 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08204765 d:OfficeEquipment 2023-10-01 2024-09-30 08204765 d:OfficeEquipment 2024-09-30 08204765 d:OfficeEquipment 2023-09-30 08204765 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08204765 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08204765 d:Goodwill 2024-09-30 08204765 d:Goodwill 2023-09-30 08204765 d:CurrentFinancialInstruments 2024-09-30 08204765 d:CurrentFinancialInstruments 2023-09-30 08204765 d:Non-currentFinancialInstruments 2024-09-30 08204765 d:Non-currentFinancialInstruments 2023-09-30 08204765 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08204765 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08204765 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08204765 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 08204765 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 08204765 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 08204765 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 08204765 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 08204765 d:ShareCapital 2023-10-01 2024-09-30 08204765 d:ShareCapital 2024-09-30 08204765 d:ShareCapital 2022-10-01 2023-09-30 08204765 d:ShareCapital 2023-09-30 08204765 d:ShareCapital 2022-10-01 08204765 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 08204765 d:RetainedEarningsAccumulatedLosses 2024-09-30 08204765 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 08204765 d:RetainedEarningsAccumulatedLosses 2023-09-30 08204765 d:RetainedEarningsAccumulatedLosses 2022-10-01 08204765 c:FRS102 2023-10-01 2024-09-30 08204765 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08204765 c:FullAccounts 2023-10-01 2024-09-30 08204765 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08204765 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 08204765 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 08204765 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 08204765 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 08204765 2 2023-10-01 2024-09-30 08204765 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 08204765



 
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE
 



JTT GARAGE SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
JTT GARAGE SERVICES LIMITED
REGISTERED NUMBER: 08204765

BALANCE SHEET       AS AT 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

2024
As restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
152,931
71,701

Current assets
  

Stocks
  
677,184
656,006

Debtors: amounts falling due within one year
 6 
99,103
197,505

Cash at bank and in hand
 7 
20,252
95,093

  
796,539
948,604

Creditors: amounts falling due within one year
 8 
(469,660)
(485,692)

Net current assets
  
 
 
326,879
 
 
462,912

Total assets less current liabilities
  
479,810
534,613

Creditors: amounts falling due after more than one year
 9 
(301,274)
(250,229)

Provisions for liabilities
  

Deferred tax
  
(33,073)
(14,855)

  
 
 
(33,073)
 
 
(14,855)

Net assets
  
145,463
269,529


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
145,461
269,527

  
145,463
269,529


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
JTT GARAGE SERVICES LIMITED
REGISTERED NUMBER: 08204765
    
BALANCE SHEET (CONTINUED)      AS AT 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P Onslow-Cole
Director
Date: 10 July 2025

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
JTT GARAGE SERVICES LIMITED
 
STATEMENT OF CHANGES IN EQUITY       FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
2
269,527
269,529


Comprehensive income for the year

Loss for the year

-
(124,066)
(124,066)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(124,066)
(124,066)


Total transactions with owners
-
-
-


At 30 September 2024
2
145,461
145,463


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
JTT GARAGE SERVICES LIMITED
 
STATEMENT OF CHANGES IN EQUITY       FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2022
2
217,860
217,862


Comprehensive income for the year

Profit for the year

-
57,067
57,067


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
57,067
57,067


Contributions by and distributions to owners

Dividends: Equity capital
-
(5,400)
(5,400)


Total transactions with owners
-
(5,400)
(5,400)


At 30 September 2023
2
269,527
269,529


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

1.


General information

JTT Garage Services Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is C/O Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, MK9 1NA
The Company's principal activity is that of garage services.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Page 5

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 7

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 8

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 20).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
90,000



At 30 September 2024

90,000



Amortisation


At 1 October 2023
90,000



At 30 September 2024

90,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 9

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
115,768
24,604
140,372


Additions
128,808
-
128,808



At 30 September 2024

244,576
24,604
269,180



Depreciation


At 1 October 2023
50,630
18,041
68,671


Charge for the year 
45,937
1,641
47,578



At 30 September 2024

96,567
19,682
116,249



Net book value



At 30 September 2024
148,009
4,922
152,931



At 30 September 2023
65,138
6,563
71,701


6.


Debtors

2024
As restated 2023
£
£


Trade debtors
65,527
104,627

Other debtors
-
66,663

Prepayments
33,576
26,215

99,103
197,505



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,252
95,093


Page 10

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

8.


Creditors: Amounts falling due within one year

2024
As restated 2023
£
£

Loans and borrowings
10,000
10,000

Trade creditors
210,066
194,054

Amounts owed to group undertakings
122,391
163,641

Taxation and social security
53,437
63,283

Hire purchase contracts
47,094
50,037

Other creditors
23,452
1,612

Accruals and deferred income
3,220
3,065

469,660
485,692



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Loans and borrowings
8,182
18,230

Hire purchase contracts
293,092
231,999

301,274
250,229


Page 11

 
JTT GARAGE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS      FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTS PRODUCED USING DEMONSTRATION SOFTWARE

10.


Loans


Analysis of the maturity of loans is given below:


2024
As restated 2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
8,182
10,000


8,182
10,000

Amounts falling due 2-5 years

Bank loans
-
8,230


-
8,230


18,182
28,230



11.


Hire purchase contracts


Minimum lease payments under hire purchase fall due as follows:

2024
As restated 2023
£
£


Within one year
47,094
50,037

Between 1-5 years
293,092
231,999

340,186
282,036

 
Page 12