REGISTERED NUMBER: 06435165 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jaggers Garage Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R S Cawthra

K Cawthra

SECRETARY:

K Cawthra

REGISTERED OFFICE:

681 Halifax Road

Buttershaw

Bradford

BD6 2HL

REGISTERED NUMBER:

06435165 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Intangible assets

5

-

5,950

Tangible assets

6

14,753

17,624

14,753

23,574

CURRENT ASSETS

Stocks

27,850

53,070

Debtors

7

106,449

101,542

Cash at bank and in hand

2,037

6,473

136,336

161,085

CREDITORS

Amounts falling due within one year

8

148,610

149,305

NET CURRENT (LIABILITIES)/ASSETS

(12,274

)

11,780

TOTAL ASSETS LESS CURRENT LIABILITIES

2,479

35,354

PROVISIONS FOR LIABILITIES

2,598

3,098

NET (LIABILITIES)/ASSETS

(119

)

32,256

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(219

)

32,156

SHAREHOLDERS' FUNDS

(119

)

32,256

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.

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 17 September 2025 and were signed on its behalf by:

R S Cawthra - Director

K Cawthra - Director

1.	STATUTORY INFORMATION

Jaggers Garage 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.	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 2008, is being amortised over its estimated useful life. In the financial year ended 31 December 2015 the useful economic life of the goodwill held was reassessed and reduced at that date to be written off over a period of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and equipment

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

90,000

AMORTISATION

At 1 January 2024

84,050

Charge for year

5,950

At 31 December 2024

90,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

5,950

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

equipment

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

71,101

5,466

8,977

85,544

DEPRECIATION

At 1 January 2024

54,460

4,751

8,709

67,920

Charge for year

2,496

107

268

2,871

At 31 December 2024

56,956

4,858

8,977

70,791

NET BOOK VALUE

At 31 December 2024

14,145

608

-

14,753

At 31 December 2023

16,641

715

268

17,624

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

88,220

86,875

Directors' loan accounts

13,629

14,667

101,849

101,542

Amounts falling due after more than one year:

Tax

4,600

-

Aggregate amounts

106,449

101,542

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

58,819

47,719

Trade creditors

60,933

59,012

Tax

2,542

12,807

Social security and other taxes

7,781

8,594

VAT

14,954

17,272

Other creditors

781

1,101

Accrued expenses

2,800

2,800

148,610

149,305

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

58,819

47,719

The bank overdraft is secured by a fixed and floating charge over all the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R S Cawthra and K Cawthra

Balance outstanding at start of year

14,667

28,761

Amounts advanced

32,814

59,893

Amounts repaid

(33,851

)

(73,987

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,630

14,667

All loans with directors are repayable upon demand. Interest is charged at 2.25% pa.when overdrawn.

11.	RELATED PARTY DISCLOSURES

During the year the directors leased the trading property to the company. The total amount charged by the directors during the year amounted to £50 (2023 - £780).