Registered number: 01289333
CONSOLIDATED
FOR THE YEAR ENDED 31 JANUARY 2025
JAYAR COMPONENTS LIMITED
COMPANY INFORMATION
JAYAR COMPONENTS LIMITED
CONTENTS
JAYAR COMPONENTS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
The Directors are pleased to present their strategic report for the period ending 31 January 2025.
Jayar Components Limited is a family run business that distributes automotive components to the independent aftermarket from its branches throughout the Southeast of England.
The turnover and performance of Jayar Components Limited, for the year ended 31st January 2025, is again a record year. Sales have increased to £46.8 million, a 5.16% increase on the previous year.
The strategy of the Board, since the passing of its founder, remains consistent with previous years. The business continues to grow by opening new branches and improving existing branches. The living wage increases continue to impact financially on the business, as it employs over 480 staff. For the coming year, the focus will be to continue to grow and maintain the solid base that Jayar Components was built on.
The turnover and performance of Jayar Components Limited, for the year ended 31st January 2025, is again a record year. Sales have increased to £46.8 million, a 5.16% increase on the previous year.
The strategy of the Board, since the passing of its founder, remains consistent with previous years. The business continues to grow by opening new branches and improving existing branches. The living wage increases continue to impact financially on the business, as it employs over 480 staff. For the coming year, the focus will be to continue to grow and maintain the solid base that Jayar Components was built on.
The ongoing conflict between Iran and Israel has already driven base oil prices up by over 20%. This increase is expected to impact all areas of our business, particularly as many of our products are sourced from China and Turkey—leading to higher container shipping rates and increased fuel costs for our own delivery fleet.
Advancements in vehicle power technologies continue to accelerate, with alternatives to traditional petrol and diesel—such as hybrid and fully electric vehicles—becoming increasingly common on our roads. However, challenges remain, including limited charging infrastructure, rising energy costs, and high purchase prices. Over time, these barriers are expected to diminish, making such vehicles more accessible. As a result, the automotive landscape is set to undergo significant transformation in the coming years.
Advancements in vehicle power technologies continue to accelerate, with alternatives to traditional petrol and diesel—such as hybrid and fully electric vehicles—becoming increasingly common on our roads. However, challenges remain, including limited charging infrastructure, rising energy costs, and high purchase prices. Over time, these barriers are expected to diminish, making such vehicles more accessible. As a result, the automotive landscape is set to undergo significant transformation in the coming years.
The Directors analyse the performance of the business using sales, gross profit, gross profit margin percentage and operating expenses.
Over the last 12 months in the year ending 31.01.25 the company's sales figure increased by £2.4m and gross profit increased by £1.8m, an increase in gross profit margin of 1%. The Company will continue to grow and remain dynamic in this changing market.
Over the last 12 months in the year ending 31.01.25 the company's sales figure increased by £2.4m and gross profit increased by £1.8m, an increase in gross profit margin of 1%. The Company will continue to grow and remain dynamic in this changing market.
Alongside core financial analysis, close monitoring of stock holding, inventory movement, and purchasing trends remains vital to evaluating our business performance. We benefit from strong, collaborative relationships with our suppliers, who are highly focused on supporting our operations. As a family-owned business, we also enjoy the agility to make swift, well-informed decisions—an essential advantage in today’s rapidly changing environment.
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JAYAR COMPONENTS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
The Directors are aware of their duty under s.172 of the Companies Act 2006 to act in a way that, in good faith, would be most likely to promote the success of the Group for the benefit of its shareholders.
This report was approved by the board on 13 October 2025 and signed on its behalf.
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JAYAR COMPONENTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
The directors present their report and the financial statements for the year ended 31 January 2025.
The profit for the year, after taxation, amounted to £6,034,367 (2024 - £2,877,250).
Dividends totalling £nil were paid during the year ended 31 January 2025 (2024 - £8,000,000)
The directors who served during the year were:
The board continues to seek opportunities to consolidate its performance.
The Directors’ aim to be a responsible employer making the health, welfare, pay and safety of all the staff a key consideration in the conduct of the business. Our staffs’ contribution is fundamental to the continued success of the business and therefore they are integral to it. The company engages with all employees from the commencement of employment. New employees receive induction training and will work in a small team to aid the communication of ideas amongst the individuals and the company. There is a company culture that encourages a working environment where employees can realise their potential. Throughout their employment, there are ongoing informal meetings and communications to promote the development of individuals and the business to both be successful.
We build long term solid relationships with our suppliers, to ensure the success of getting their product to market and meeting our customer’s needs. We are committed to high ethical standards and through mutual goals we strive to maintain this. The good communication with our suppliers ensures a respect for each other’s business and to being successful in meeting the demands of the market together.
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JAYAR COMPONENTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
This is the third year that we have been required to report greenhouse gas emissions and our report covers the 12 month period 1st February 2024 to 31st January 2025.
Granville Associates Limited, a member of the group, does not use any energy. It is therefore a zero- carbon business and as an entity falls below the reporting threshold of 40,000kWh.
The consumption figures have been obtained from 100Green, who supply all electricity and gas to all our branches. Therefore, it follows that our calculations are based on what we have directly used and paid for.
The following table gives our gross emissions and intensity ratios:
Granville Associates Limited, a member of the group, does not use any energy. It is therefore a zero- carbon business and as an entity falls below the reporting threshold of 40,000kWh.
The consumption figures have been obtained from 100Green, who supply all electricity and gas to all our branches. Therefore, it follows that our calculations are based on what we have directly used and paid for.
The following table gives our gross emissions and intensity ratios:
Methodology and reporting
Scope 1 is the fuel consumption figures used to power our vehicles. The figures for fuel consumption have been calculated from our supplier invoices and reports. We have taken the number of miles shown in our Tarkm8 report of 5,471,358 and deducted the estimated mileage to and from work of those staff using company vans equating to 932,088 private miles leaving a total for company use of 4,539,270. This mileage was converted into 334,884.67 kilogrammes of carbon emissions and 1,418,522 KWH using online converters then converted to tons of Co2.
In respect of scope 2, the emissions from our use of electricity and gas at our branches and head office are directly influenced and controlled by the Group.
Figures provided in MWH have been converted to KWH using the EPA Green House Gas Equivalent Calculator Web Site. The total energy consumption in KWH figure, includes electricity and gas. The CO2 emissions given relates to the use of green gas only. Our electricity is 100% renewable and zero emissions rated.
Scope 1 is the fuel consumption figures used to power our vehicles. The figures for fuel consumption have been calculated from our supplier invoices and reports. We have taken the number of miles shown in our Tarkm8 report of 5,471,358 and deducted the estimated mileage to and from work of those staff using company vans equating to 932,088 private miles leaving a total for company use of 4,539,270. This mileage was converted into 334,884.67 kilogrammes of carbon emissions and 1,418,522 KWH using online converters then converted to tons of Co2.
In respect of scope 2, the emissions from our use of electricity and gas at our branches and head office are directly influenced and controlled by the Group.
Figures provided in MWH have been converted to KWH using the EPA Green House Gas Equivalent Calculator Web Site. The total energy consumption in KWH figure, includes electricity and gas. The CO2 emissions given relates to the use of green gas only. Our electricity is 100% renewable and zero emissions rated.
Energy efficiency action
All our gas used is certified as 100% green backed by RGGO’S (Renewable Gas Guarantee of Origin), and so too is our electricity backed by REGO’s (Renewable Electricity Guarantee of Origin). Making us as energy efficient as we could be. No measures of the change were taken at the time.
For the reporting period we took 48 older vehicles out of service, and these were replaced by new more efficient vehicles. We are regularly reviewing the use of electric vehicles for their range and charging times to evaluate whether they can replace our existing fleet, whilst meeting business needs to deliver parts to our customers. As part of this review, we have purchased our first electric van which operates from our headquarters. All our vehicles are tracked, and we are therefore able to monitor use and encourage better driving techniques and improved fuel efficiency.
As part of our building maintenance, we are continuing to replace older florescent fittings with the more efficient LED units.
All our gas used is certified as 100% green backed by RGGO’S (Renewable Gas Guarantee of Origin), and so too is our electricity backed by REGO’s (Renewable Electricity Guarantee of Origin). Making us as energy efficient as we could be. No measures of the change were taken at the time.
For the reporting period we took 48 older vehicles out of service, and these were replaced by new more efficient vehicles. We are regularly reviewing the use of electric vehicles for their range and charging times to evaluate whether they can replace our existing fleet, whilst meeting business needs to deliver parts to our customers. As part of this review, we have purchased our first electric van which operates from our headquarters. All our vehicles are tracked, and we are therefore able to monitor use and encourage better driving techniques and improved fuel efficiency.
As part of our building maintenance, we are continuing to replace older florescent fittings with the more efficient LED units.
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JAYAR COMPONENTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
We are committed to improve our energy efficiency. As this is our third year of reporting on energy consumption, our immediate aim is for the Co2 emissions to be reduced. A key area for change is the powering of our vans. By the end of 2030 our goal is to have a 75% renewable fleet and for our energy consumption to fall by 75%.
There have been no significant events affecting the Group since the year end.
The auditors, Haslers Chartered Accountants, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 13 October 2025 and signed on its behalf.
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JAYAR COMPONENTS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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JAYAR COMPONENTS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED
We have audited the financial statements of Jayar Components Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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JAYAR COMPONENTS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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JAYAR COMPONENTS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)
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JAYAR COMPONENTS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and
determined that the most significant are those that:
- Had a direct effect on the determination of material amounts and disclosures in the financial statements.
These include the UK Companies Act and tax legislation etc; and
- Do not have a direct effect on the financial statements but compliance with which may be fundamental to
the company's ability to operate.
We assessed the susceptibility of the company's financial statements to material misstatement, including how
fraud might occur. Audit procedures performed by the audit engagement team include:
- Identifying and testing journal entries, in particular any unusual journal entries posted around the year
end and journal entries with no descriptions
- Assessing the extent of compliance with the relevant laws and regulations
- Identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud.
- Challenging assumptions and judgements made by management in significant accounting estimates;
and
- Carrying out a review of large and unusual bank transactions
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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JAYAR COMPONENTS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAYAR COMPONENTS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Old Station Road
IG10 4PL
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JAYAR COMPONENTS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
REGISTERED NUMBER: 01289333
CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2025 .
The notes on pages 20 to 38 form part of these financial statements.
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JAYAR COMPONENTS LIMITED
REGISTERED NUMBER: 01289333
COMPANY BALANCE SHEET
AS AT 31 JANUARY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2025 .
The notes on pages 20 to 38 form part of these financial statements.
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JAYAR COMPONENTS LIMITED
REGISTERED NUMBER: 01289333
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024
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JAYAR COMPONENTS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024
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JAYAR COMPONENTS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
Jayar Components Limited is a private company, limited by shares and incorporated in England & Wales, United Kingdom, with a registration number 01289333. The address of the registered office is Jayar House, Forstal Road, Aylseford, Maidstone, Kent, ME20 7AF.
The nature of the company's operations and principal activities are that of the sale of motor component factors.
The nature of the company's operations and principal activities are that of the sale of motor component factors.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The subsidiary undertaking Granville Associates Ltd has claimed the exemption from auidt under section 479A of the Companies Act 2006.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The subsidiary undertaking Granville Associates Ltd has claimed the exemption from auidt under section 479A of the Companies Act 2006.
The directors have assess that there are no significant doubts in the company's ability to continue as a going concern. As a result, the financial statements have been prepared on a going concern basis.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods as per the table below.
Depreciation is provided on the following basis:
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.
Stock is adjusted for rebates and discounts at each balance sheet date.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.
The directors do not believe that there have been any judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
There were no factors that may affect future tax charges.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
13.Tangible fixed assets (continued)
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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The 2025 valuations were made by the directors, on an open market value for existing use basis.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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Page 36
JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
21.Deferred taxation (continued)
Profit and loss account
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounts to £155,560 (2024: £191,149).
Contributions totalling £9,429 (2024: £56,195) were payable to the fund at the balance sheet date.
Contributions totalling £9,429 (2024: £56,195) were payable to the fund at the balance sheet date.
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JAYAR COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
The ultimate controlling parties are deemed to be the Ratcliffe family owing to their majority shareholding.
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