REGISTERED NUMBER: 11722211 (England and Wales)

Financial Statements

for the Year Ended 31 May 2025

for

J2P Autos Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J Goldie

P Hilburn

J Hilburn

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

11722211 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

CURRENT ASSETS

Debtors

7

2,024,981

2,374,851

Cash at bank

88,001

67,179

2,112,982

2,442,030

CREDITORS

Amounts falling due within one year

8

(2,000,326

)

(2,372,244

)

NET CURRENT ASSETS

112,656

69,786

TOTAL ASSETS LESS CURRENT LIABILITIES

112,656

69,786

CREDITORS

Amounts falling due after more than one year

9

-

(9,999

)

NET ASSETS

112,656

59,787

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

112,356

59,487

SHAREHOLDERS' FUNDS

112,656

59,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J Hilburn - Director

1.	STATUTORY INFORMATION

J2P Autos Ltd 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.

Income is recognised when the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website 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 each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 10 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 31 May 2025

34,482

AMORTISATION

At 1 June 2024

and 31 May 2025

34,482

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

12,365

DEPRECIATION

At 1 June 2024

and 31 May 2025

12,365

NET BOOK VALUE

At 31 May 2025

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,808,034

1,517,889

Other debtors

216,947

856,962

2,024,981

2,374,851

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

27,600

105,543

Other creditors

1,962,726

2,256,701

2,000,326

2,372,244

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,999

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

28,200

28,200

Between one and five years

19,547

47,747

47,747

75,947

11.	RELATED PARTY DISCLOSURES

Included within other debtors at the year end is an amount of £105,790 (2024: £737,751) due from Silverline Autos Limited, a company in which the directors have an interest.

Included within other debtors at the year end is an amount of £60,453 (2024: £82,809) due from Hilbro Capital Ltd, a company in which the directors have an interest.

Included within other debtors at the year end is an amount of £25,203 (2024: £9,086) due from the director P Hilburn in relation to expenses paid on his behalf by the company. This was repaid after year end.

Included within other creditors at the year end is capital introduced aggregating £323,400 (2024: £340,400) due to the directors P Hilburn, J Hilburn and J Goldie which has been provided unsecured and is repayable on demand.

Accrued interest of 10% on capital introduced has been charged by the directors' during the year amounting to £32,203 (2024: £13,575).

Interest of £nil (2024: £995) was charged by the company at a rate of 2.25% whilst the account of P Hilburn was overdrawn last year.