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COMPANY REGISTRATION NUMBER: 09839938
JOYNER COMMERCIAL VEHICLES LTD
Filleted Unaudited Financial Statements
31 October 2024
JOYNER COMMERCIAL VEHICLES LTD
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
16,101
19,321
Current assets
Stocks
609,484
402,266
Debtors
6
194,386
188,983
Cash at bank and in hand
32,612
15,632
---------
---------
836,482
606,881
Creditors: amounts falling due within one year
7
302,263
97,288
---------
---------
Net current assets
534,219
509,593
---------
---------
Total assets less current liabilities
550,320
528,914
Creditors: amounts falling due after more than one year
8
595,000
595,000
---------
---------
Net liabilities
( 44,680)
( 66,086)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 44,780)
( 66,186)
--------
--------
Shareholder deficit
( 44,680)
( 66,086)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JOYNER COMMERCIAL VEHICLES LTD
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
Mr.J Joyner
Mr K Joyner
Director
Director
Company registration number: 09839938
JOYNER COMMERCIAL VEHICLES LTD
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Northwood, HA6 2HL, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
10% straight line
Equipment
-
25 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 November 2023 and 31 October 2024
32,200
630
32,830
--------
----
--------
Depreciation
At 1 November 2023
12,880
629
13,509
Charge for the year
3,220
3,220
--------
----
--------
At 31 October 2024
16,100
629
16,729
--------
----
--------
Carrying amount
At 31 October 2024
16,100
1
16,101
--------
----
--------
At 31 October 2023
19,320
1
19,321
--------
----
--------
6. Debtors
2024
2023
£
£
Trade debtors
177,461
119,971
Other debtors
16,925
69,012
---------
---------
194,386
188,983
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
79,977
20,351
Social security and other taxes
39,558
9,796
Other creditors
182,728
67,141
---------
--------
302,263
97,288
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors-Directors Loans
595,000
595,000
---------
---------
9. Related party transactions
The company was under the control of Mr.Joyner throughout the current period. Mr.Joyner is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.