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Company Registration No. NI652065 (Northern Ireland)
I J Motors & Commercials Ltd Unaudited accounts for the year ended 31 March 2025
I J Motors & Commercials Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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I J Motors & Commercials Ltd Company Information for the year ended 31 March 2025
Director
Mr I Jameson
Company Number
NI652065 (Northern Ireland)
Registered Office
77 Kilskeery Road Trillick Omagh Tyrone BT78 3RH Northern Ireland
Accountants
NRG Accountancy Services 16E Corlea Road Omagh County Tyrone BT78 5PT
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I J Motors & Commercials Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
192,312
202,976
Current assets
Inventories
630,930
834,430
Debtors
5
128,975
36,957
Cash at bank and in hand
747,521
388,294
1,507,426
1,259,681
Creditors: amounts falling due within one year
6
(472,314)
(379,912)
Net current assets
1,035,112
879,769
Total assets less current liabilities
1,227,424
1,082,745
Provisions for liabilities
Deferred tax
(35,900)
(38,566)
Net assets
1,191,524
1,044,179
Capital and reserves
Share premium
100
100
Profit and loss account
1,191,424
1,044,079
Shareholders' funds
1,191,524
1,044,179
For the year ending 31 March 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 28 November 2025 and were signed on its behalf by
Mr I Jameson Director Company Registration No. NI652065
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I J Motors & Commercials Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
I J Motors & Commercials Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI652065. The registered office is 77 Kilskeery Road, Trillick, Omagh, Tyrone, BT78 3RH, Northern Ireland.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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I J Motors & Commercials Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
317,217
Additions
23,274
At 31 March 2025
340,491
Depreciation
At 1 April 2024
114,241
Charge for the year
33,938
At 31 March 2025
148,179
Net book value
At 31 March 2025
192,312
At 31 March 2024
202,976
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
128,975
36,957
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
29,649
35,570
Obligations under finance leases and hire purchase contracts
7,387
13,787
Trade creditors
204,783
88,636
Taxes and social security
54,566
112,516
Loans from directors
175,929
129,403
472,314
379,912
7
Average number of employees
During the year the average number of employees was 7 (2024: 6).
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