Company Registration No. NI608561 (Northern Ireland)
SJM Motors (NI) Ltd
Companies House accounts
for the year ended 31 August 2025
SJM Motors (NI) Ltd
Companies House accounts
Contents
SJM Motors (NI) Ltd
Company Information
for the year ended 31 August 2025
Director
Samuel James Magee
Company Number
NI608561 (Northern Ireland)
Registered Office
1 Rarone Road
Gortaclare
Sixmilecross
Co Tyrone
BT79 0XR
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
SJM Motors (NI) Ltd
Statement of financial position
as at 31 August 2025
Called up share capital not paid
-
1,000
Tangible assets
5,409
2,781
Cash at bank and in hand
4,695
16,580
Creditors: amounts falling due within one year
(64,107)
(69,708)
Net current assets
13,812
10,159
Total assets less current liabilities
19,221
13,940
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
17,693
12,412
Shareholders' funds
18,693
13,412
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 May 2026 and were signed on its behalf by
Samuel James Magee
Director
Company Registration No. NI608561
SJM Motors (NI) Ltd
Notes to the Accounts
for the year ended 31 August 2025
SJM Motors (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI608561. The registered office is 1 Rarone Road, Gortaclare, Sixmilecross, Co Tyrone, BT79 0XR, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
SJM Motors (NI) Ltd
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
917
917
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
599
2,358
Loans from directors
62,518
61,414
SJM Motors (NI) Ltd
Notes to the Accounts
for the year ended 31 August 2025
Allotted, called up and fully paid:
1,000 Ordinary shares (called up unpaid) of £1 each
1,000
1,000
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Average number of employees
During the year the average number of employees was 1 (2024: 1).