JMS CAR PARTS LTD


Directors	Mindaugas Stanslovas
	Justina Stansloviene


Registered Address	48 Cleish Gardens
	Kirkcaldy
	KY2 6AB


Registered Number	SC736462 (Scotland)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,441		15,551
			11,441		15,551
Current assets
Debtors	4	28,855		21,323
Cash at bank and on hand		127,513		161,510
		156,368		182,833
Creditors amounts falling due within one year	5	(70,366)		(125,365)
Net current assets (liabilities)			86,002		57,468
Total assets less current liabilities			97,443		73,019
Provisions for liabilities			(2,781)		(3,743)
Net assets			94,662		69,276
Capital and reserves
Called up share capital			20		20
Profit and loss account			94,642		69,256
Shareholders' funds			94,662		69,276

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 9 December 2025, and are signed on its behalf by:

Justina Stansloviene
Director
Registered Company No. SC736462

JMS CAR PARTS LTD

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. 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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 24	14,295	4,715	2,498	21,508
Additions	4,737	-	209	4,946
Disposals	(6,236)	-	-	(6,236)
At 30 June 25	12,796	4,715	2,707	20,218
Depreciation and impairment
At 01 July 24	2,995	2,063	899	5,957
Charge for year	3,407	663	862	4,932
On disposals	(2,112)	-	-	(2,112)
At 30 June 25	4,290	2,726	1,761	8,777
Net book value
At 30 June 25	8,506	1,989	946	11,441
At 30 June 24	11,300	2,652	1,599	15,551

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	9,330
Other debtors	21,087	11,467
Prepayments and accrued income	7,768	526
Total	28,855	21,323

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	337
Bank borrowings and overdrafts	50	-
Taxation and social security	41,603	37,442
Other creditors	27,563	86,351
Accrued liabilities and deferred income	1,150	1,235
Total	70,366	125,365