REGISTERED NUMBER: 12418504 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JBM AUTOMOTIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Baker

J Burgess

REGISTERED OFFICE:

Unit 4 Fieldhouse Way

Fieldhouse Way Industrial Estate

Petre Street

Sheffield

South Yorkshire

S4 7SF

REGISTERED NUMBER:

12418504 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

CURRENT ASSETS

Stocks

4

-

26,598

Debtors

5

19,153

20,504

Cash at bank and in hand

11,134

2,876

30,287

49,978

CREDITORS

Amounts falling due within one year

6

17,612

18,925

NET CURRENT ASSETS

12,675

31,053

TOTAL ASSETS LESS CURRENT LIABILITIES

12,675

31,053

CREDITORS

Amounts falling due after more than one year

7

14,155

30,003

NET (LIABILITIES)/ASSETS

(1,480

)

1,050

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(1,680

)

850

SHAREHOLDERS' FUNDS

(1,480

)

1,050

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 November 2025 and were signed on its behalf by:

J Burgess - Director

1.	STATUTORY INFORMATION

JBM Automotive Limited 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.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents income generated from the sale of motor vehicles, excluding value added tax, and is recognised when the sale of a motor vehicle is completed.

Stocks

Stocks comprise motor vehicles which are valued at the lower of cost, and net realisable value.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

STOCKS

31.3.25

31.3.24

£

£

Stocks

-

26,598

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

10,738

11,367

Other debtors

8,415

8,850

VAT

-

287

19,153

20,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,949

4,749

Corporation tax

-

298

VAT

553

-

Other creditors

11,410

11,569

Accrued expenses

700

2,309

17,612

18,925

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

14,155

30,003

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

19,293

19,293

Between one and five years

19,293

38,586

38,586

57,879