J T Auto Trading Services Limited


Directors	Mr J M Thomas
	Mrs R E Thomas


Registered Address	74 High Street
	Fishguard
	SA65 9AU


Place of Business	37 Merlin's Hill
	Haverfordwest
	Pembrokeshire
	SA61 1PE


Registered Number	08929263 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		528,964		482,628
Investments	5		-		15,000
			528,964		497,628
Current assets
Stocks		70,000		60,000
Debtors	6	33,674		31,015
Cash at bank and on hand		313,277		273,627
		416,951		364,642
Creditors amounts falling due within one year	7	(283,329)		(252,348)
Net current assets (liabilities)			133,622		112,294
Total assets less current liabilities			662,586		609,922
Creditors amounts falling due after one year	8		(2,207)		(12,035)
Provisions for liabilities	9		(53,843)		(41,778)
Net assets			606,536		556,109
Capital and reserves
Called up share capital			100		100
Profit and loss account			606,436		556,009
Shareholders' funds			606,536		556,109

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 December 2025, and are signed on its behalf by:

Mr J M Thomas
Director
Registered Company No. 08929263

J T Auto Trading Services Limited

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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

	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.

	Intangible assets
	Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 5 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets, with the exception of freehold property, as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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


		2025		2024
	Average number of employees during the year	11		10

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	100,000
	At 31 March 25	100,000
	Amortisation and impairment
	At 01 April 24	100,000
	At 31 March 25	100,000
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	635,457
	Additions	100,176
	Disposals	(30,741)
	At 31 March 25	704,892
	Depreciation and impairment
	At 01 April 24	152,829
	Charge for year	34,179
	On disposals	(11,080)
	At 31 March 25	175,928
	Net book value
	At 31 March 25	528,964
	At 31 March 24	482,628

5.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 April 24	15,000
	Disposals	(15,000)
	Net book value
	At 31 March 25	-
	At 31 March 24	15,000

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	24,296	25,388
Other debtors	2,021	-
Prepayments and accrued income	7,357	5,627
Total	33,674	31,015


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at
transaction price including any transaction costs and subsequently measured at amortised cost
determined using the effective interest method, less any impairment losses for bad and doubtful debts

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	73,200	81,914
Bank borrowings and overdrafts	10,000	9,960
Taxation and social security	41,960	27,344
Other creditors	155,068	130,617
Accrued liabilities and deferred income	3,101	2,513
Total	283,329	252,348


	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.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,207	12,035
Total	2,207	12,035

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	53,843	41,778
Total	53,843	41,778