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Company Registration No. 03655315 (England and Wales)
S.J. Sportscars Limited Unaudited accounts for the year ended 30 June 2025
S.J. Sportscars Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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S.J. Sportscars Limited Company Information for the year ended 30 June 2025
Director
Stephen Alan Roberts
Company Number
03655315 (England and Wales)
Registered Office
Lotus House Lords Meadow Crediton Devon EX17 1DN
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
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S.J. Sportscars Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
13,400
13,400
Tangible assets
5
17,286
17,254
30,686
30,654
Current assets
Inventories
987,249
889,490
Debtors
6
591,556
620,183
Cash at bank and in hand
90,850
180,770
1,669,655
1,690,443
Creditors: amounts falling due within one year
7
(186,961)
(208,577)
Net current assets
1,482,694
1,481,866
Net assets
1,513,380
1,512,520
Capital and reserves
Called up share capital
8
100
100
Capital redemption reserve
1
1
Profit and loss account
1,513,279
1,512,419
Shareholders' funds
1,513,380
1,512,520
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2025 and were signed on its behalf by
Stephen Alan Roberts Director Company Registration No. 03655315
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S.J. Sportscars Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
S.J. Sportscars Limited is a private company, limited by shares, registered in England and Wales, registration number 03655315. The registered office is Lotus House, Lords Meadow, Crediton, Devon, EX17 1DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Goodwill
The goodwill purchased by the company is not amortised.
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
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S.J. Sportscars Limited Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024
13,400
At 30 June 2025
13,400
Amortisation
At 1 July 2024
-
At 30 June 2025
-
Net book value
At 30 June 2025
13,400
At 30 June 2024
13,400
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 July 2024
73,740
Additions
4,353
At 30 June 2025
78,093
Depreciation
At 1 July 2024
56,486
Charge for the year
4,321
At 30 June 2025
60,807
Net book value
At 30 June 2025
17,286
At 30 June 2024
17,254
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
3,544
Trade debtors
15,743
26,427
Amounts due from group undertakings etc.
386,173
227,511
Accrued income and prepayments
16,775
16,233
Other debtors
172,865
346,468
591,556
620,183
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S.J. Sportscars Limited Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,272
-
Trade creditors
166,863
142,039
Taxes and social security
17,442
65,154
Accruals
1,384
1,384
186,961
208,577
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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