Company registration number: SC753840
Unaudited financial statements
for the year ended 31 December 2024
for
Jad Motor London Ltd
Pages for filing with the Registrar
Company registration number: SC753840
Jad Motor London Ltd
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Tangible assets 4 1,783 3,848
1,783 3,848
Current assets
Stocks - 144,069
Debtors 19,543 18,103
Cash at bank and in hand 431 27,512
19,974 189,684
Creditors: amounts falling due within one
year 		(77) (3,163)
Net current assets 19,897 186,521
Total assets less current liabilities 21,680 190,369
Creditors: Amounts falling due after more
than one year 		(220,052) (298,649)
NET LIABILITIES (198,372) (108,280)
Capital and reserves
Called up share capital 1 1
Profit and loss account (198,373) (108,281)
TOTAL EQUITY (198,372) (108,280)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC753840
Jad Motor London Ltd
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Miss N Graham, Director
18 September 2025
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Jad Motor London Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Jad Motor London Ltd is a private company registered in Scotland. Its registered number is SC753840. The company is limited by shares. Its registered office is 15 Raeburn Crescent, Kirkcaldy, KY2 5QQ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Fixed assets:
Plant and machinery - 25% straight line
Fixtures & fittings - 25% straight line
Computer equipment - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Jad Motor London Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
3 Average number of employees
During the year the average number of employees was 2 (2023 - 3).
4 Tangible fixed assets
Fixed assets
£
Cost
At 1 January 2024 4,491
Disposals (1,848)
At 31 December 2024 2,643
Depreciation
At 1 January 2024 643
Charge for year 217
At 31 December 2024 860
Net book value
At 31 December 2024 1,783
At 31 December 2023 3,848
5 Related party transactions
The company director provided interest free loans to the company in the year for setting up the business and purchasing stock. At the end of this accounting period, the balance due to director is £190,189. The company's general manager provided interest free loans to the company in the startup year for purchasing stock. At the end of this accounting period, the balance due to general manager is £29,863. Repayments to the loans are to be made in 3 to 5 years.
.
6 Contingent liabilities
At end of the financial year, contingent liability is £40,237.45 due to HMRC for VAT return correction for period April 2023 - June2023. The correction has been disputed by the company.
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