Tjay Autos Limited iXBRL

Company Registration Number: 07047659

Tjay Autos Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

Tjay Autos Limited

Company Registration Number: 07047659

STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

13,024

18,967

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Current Assets

Inventories

10,000

11,000

Receivables

884

1,165

Cash and cash equivalents

3,027

545

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13,911

12,710

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Payables: amounts falling due within one year

(404,981)

(364,931)

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Net Current Liabilities

(391,070)

(352,221)

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Total Assets less Current Liabilities

(378,046)

(333,254)

Payables:

amounts falling due after more than one year

(7,491)

(16,937)

Provisions for liabilities

(2,475)

(3,604)

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Net Liabilities

(388,012)

(353,795)

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Capital and Reserves

Called up share capital

100

100

Retained earnings

(388,112)

(353,895)

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Equity attributable to owners of the company

(388,012)

(353,795)

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 22 December 2025



________________________________
Mrs Pamela Ann O'Donovan
Director

Tjay Autos Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

Tjay Autos Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 07047659. The registered office of the company is Unit 3 Oast Park, Spade Lane, Hartlip, Sittingbourne, Kent, ME9 7TT which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. Although the company’s statement of financial position shows net liabilities as at -?378,046, the director has reviewed the company’s financial position, forecasts, and future plans and are satisfied that the going concern basis of preparation remains appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable in respect of the maintenance and repair of motor vehicles.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Straight line

Motor vehicles

20% Straight line

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Prior period adjustment

The comparative figures has been updated to reflect the bounceback loan due within one year and more than one year.

Employees

The average monthly number of employees, including director, during the financial year was 3, (2024 - 3).

2025

2024

Number

Number

Average number of persons employed

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4.	Property, plant and equipment
		Plant and	Motor	Total
		machinery	vehicles

		£	£	£
	Cost
	At 1 April 2024	67,535	14,850	82,385
	Additions	9,455	-	9,455
		─────────	─────────	─────────
	At 31 March 2025	76,990	14,850	91,840
		─────────	─────────	─────────
	Depreciation
	At 1 April 2024	48,568	14,850	63,418
	Charge for the financial year	15,398	-	15,398
		─────────	─────────	─────────
	At 31 March 2025	63,966	14,850	78,816
		─────────	─────────	─────────
	Net book value
	At 31 March 2025	13,024	-	13,024
		═════════	═════════	═════════
	At 31 March 2024	18,967	-	18,967
		═════════	═════════	═════════


5.	Inventories	2025	2024
		£	£

	Stock	10,000	11,000
		═════════	═════════


6.	Receivables	2025	2024
		£	£

	Taxation	592	1,165
	Prepayments and accrued income	292	-
		─────────	─────────
		884	1,165
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	10,019	10,554
	Trade payables	-	5,069
	Taxation	1,361	384
	Other creditors	393,601	348,924
		─────────	─────────
		404,981	364,931
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	7,491	16,937
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	10,019	10,554
	Repayable between two and five years	7,491	16,937
		─────────	─────────
		17,510	27,491
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

3,604

3,604

3,604

Charged to profit and loss

(1,129)

(1,129)

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At financial year end

2,475

3,604

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