REGISTERED NUMBER: 09496659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J S COACHWORKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Staggs

SECRETARY:

Mrs C S Mufti Staggs

REGISTERED OFFICE:

Unit 5b Malham Road

Connaught Business Centre

Forest Hill

London

London

SE23 1AH

REGISTERED NUMBER:

09496659 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Property, plant and equipment

4

523,055

530,207

CURRENT ASSETS

Inventories

72,570

80,800

Debtors

5

703,039

527,772

Cash at bank and in hand

493,382

169,253

1,268,991

777,825

CREDITORS

Amounts falling due within one year

6

793,161

595,491

NET CURRENT ASSETS

475,830

182,334

TOTAL ASSETS LESS CURRENT LIABILITIES

998,885

712,541

CREDITORS

Amounts falling due after more than one year

7

(187,191

)

(280,249

)

PROVISIONS FOR LIABILITIES

(104,113

)

(102,939

)

NET ASSETS

707,581

329,353

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

707,481

329,253

707,581

329,353

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

J Staggs - Director

1.	STATUTORY INFORMATION

J S Coachworks Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the director.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 28 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

72,524

81,279

530,225

Additions

-

-

43,890

At 31 March 2025

72,524

81,279

574,115

DEPRECIATION

At 1 April 2024

27,226

8,128

137,068

Charge for year

4,529

7,315

43,705

At 31 March 2025

31,755

15,443

180,773

NET BOOK VALUE

At 31 March 2025

40,769

65,836

393,342

At 31 March 2024

45,298

73,151

393,157

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

9,809

1,215

20,892

715,944

Additions

7,000

-

2,076

52,966

At 31 March 2025

16,809

1,215

22,968

768,910

DEPRECIATION

At 1 April 2024

4,808

1,215

7,292

185,737

Charge for year

3,001

-

1,568

60,118

At 31 March 2025

7,809

1,215

8,860

245,855

NET BOOK VALUE

At 31 March 2025

9,000

-

14,108

523,055

At 31 March 2024

5,001

-

13,600

530,207

5.

DEBTORS

2025

2024

as

restated

£

£

Amounts falling due within one year:

Trade debtors

440,542

373,485

Other debtors

31,306

22,303

Prepayments

148,216

49,009

620,064

444,797

Amounts falling due after more than one year:

Rent deposit

82,975

82,975

Aggregate amounts

703,039

527,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

£

Bank loans and overdrafts

89,431

81,726

Finance leases

-

18,959

Trade creditors

355,773

385,445

Corporation Tax

159,252

(35,098

)

Social security and other taxes

46,946

37,232

Net wages

7,311

(6,338

)

Pensions Payable

6,428

4,945

VAT

116,574

100,325

Directors' loan accounts

2,953

3,302

Accruals and deferred income

8,493

4,993

793,161

595,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as

restated

£

£

Bank loans - 1-2 years

89,446

89,431

Bank loans - 2-5 years

97,745

187,184

Finance leases

-

3,634

187,191

280,249

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

as

restated

£

£

J Staggs

Balance outstanding at start of year

(3,302

)

18,280

Amounts advanced

661

179

Amounts repaid

(312

)

(21,761

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,953

)

(3,302

)

No interest has been charged on the above balance, and there are no set repayment terms.

9.	RELATED PARTY DISCLOSURES

The director has a personal guarantee out on a loan provided by the Grove Group. Should the company cease to trade for any reason the director will be personally liable for any outstanding balances. The balance at the year end was £112,004 (2024: £136,000).