JGC AUTOMOTIVE LIMITED


Directors	GUNN-CARTER, James Stanislaw
	GUNN-CARTER, Urszula


Registered Address	Whiteleaf Business Centre
	11 Little Balmer
	Buckingham
	MK18 1TF


Registered Number	08329891 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		5,727		3,689
			5,727		3,689
Current assets
Stocks	4	23,000		24,500
Debtors		15,603		16,863
Cash at bank and on hand		33,323		22,470
		71,926		63,833
Creditors amounts falling due within one year	5	(26,806)		(17,202)
Net current assets (liabilities)			45,120		46,631
Total assets less current liabilities			50,847		50,320
Provisions for liabilities	7		(1,088)		(701)
Net assets			49,759		49,619
Capital and reserves
Called up share capital			2		2
Profit and loss account			49,757		49,617
Shareholders' funds			49,759		49,619

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

GUNN-CARTER, James Stanislaw
Director
Registered Company No. 08329891

JGC AUTOMOTIVE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	4
	Vehicles	4

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	26,312	2,500	10,643	39,455
Additions	1,600	-	3,301	4,901
At 31 December 24	27,912	2,500	13,944	44,356
Depreciation and impairment
At 01 January 24	23,538	2,500	9,728	35,766
Charge for year	2,060	-	803	2,863
At 31 December 24	25,598	2,500	10,531	38,629
Net book value
At 31 December 24	2,314	-	3,413	5,727
At 31 December 23	2,774	-	915	3,689

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	15,500	8,000
Finished goods	7,500	16,500
Total	23,000	24,500

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,045	2,480
Bank borrowings and overdrafts	8,673	4,094
Taxation and social security	15,767	9,799
Other creditors	9	175
Accrued liabilities and deferred income	312	654
Total	26,806	17,202


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	1,088	701
Total	1,088	701