REGISTERED NUMBER: SC333570 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

J&R Auto Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

79,435

107,435

CURRENT ASSETS

Stocks

9,600

9,600

Debtors

5

79,319

62,861

Cash at bank and in hand

24,570

25,585

113,489

98,046

CREDITORS

Amounts falling due within one year

6

(134,605

)

(121,018

)

NET CURRENT LIABILITIES

(21,116

)

(22,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,319

84,463

CREDITORS

Amounts falling due after more than one year

7

(38,422

)

(56,773

)

PROVISIONS FOR LIABILITIES

(19,858

)

(24,345

)

NET ASSETS

39

3,345

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

37

3,343

SHAREHOLDERS' FUNDS

39

3,345

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

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

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

Mr J J Roseweir - Director

Mrs S Roseweir - Director

1.	STATUTORY INFORMATION

J&R Auto Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC333570. The registered office is Unit 2 West, South Bridgend, Crieff, PH7 4DJ.

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 historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services in respect of the maintenance and repair of motor vehicles, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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.

Long leasehold

-

33% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is

determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

5,635

126,529

17,103

Additions

-

3,355

-

Disposals

-

-

-

At 31 January 2025

5,635

129,884

17,103

DEPRECIATION

At 1 February 2024

5,635

88,703

12,300

Charge for year

-

8,189

961

Eliminated on disposal

-

-

-

At 31 January 2025

5,635

96,892

13,261

NET BOOK VALUE

At 31 January 2025

-

32,992

3,842

At 31 January 2024

-

37,826

4,803

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

104,167

7,205

260,639

Additions

-

6,988

10,343

Disposals

(32,472

)

-

(32,472

)

At 31 January 2025

71,695

14,193

238,510

DEPRECIATION

At 1 February 2024

40,876

5,690

153,204

Charge for year

15,822

1,942

26,914

Eliminated on disposal

(21,043

)

-

(21,043

)

At 31 January 2025

35,655

7,632

159,075

NET BOOK VALUE

At 31 January 2025

36,040

6,561

79,435

At 31 January 2024

63,291

1,515

107,435

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

29,126

32,974

-

62,100

Additions

-

-

6,988

6,988

At 31 January 2025

29,126

32,974

6,988

69,088

DEPRECIATION

At 1 February 2024

6,374

2,417

-

8,791

Charge for year

4,550

7,639

1,494

13,683

At 31 January 2025

10,924

10,056

1,494

22,474

NET BOOK VALUE

At 31 January 2025

18,202

22,918

5,494

46,614

At 31 January 2024

22,752

30,557

-

53,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

23,195

27,213

Amounts owed by related parties

52,360

35,648

Other debtors

3,764

-

79,319

62,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,001

10,001

Hire purchase contracts

13,231

11,062

Trade creditors

52,488

61,106

Taxation and social security

51,233

31,222

Other creditors

7,652

7,627

134,605

121,018

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

4,167

14,167

Hire purchase contracts

34,255

42,606

38,422

56,773

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

47,486

53,668

Amounts due on hire purchase are secured over the individual assets concerned.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Mr J J Roseweir and Mrs S Roseweir

Balance outstanding at start of year

-

-

Amounts advanced

2,813

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,813

-