| JKF AUTOMOTIVE LIMITED |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
16,054 |
|
|
6,720 |
|
| Current assets |
| Stocks |
|
|
3,020 |
|
|
2,410 |
| Debtors |
4 |
|
7,159 |
|
|
1,773 |
| Cash at bank and in hand |
|
|
18,938 |
|
|
26,009 |
|
|
|
|
|
|
|
|
|
|
29,117 |
|
|
30,192 |
| Creditors: amounts falling due within one year |
5 |
|
(35,364) |
|
|
(32,524) |
|
| Net current liabilities |
|
|
|
(6,247) |
|
|
(2,332) |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
|
9,807 |
|
|
4,388 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(500) |
|
|
(2,000) |
|
|
|
|
|
|
|
|
| Net assets |
|
|
|
9,307 |
|
|
2,388 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
9,306 |
|
|
2,387 |
|
| Shareholder's funds |
|
|
|
9,307 |
|
|
2,388 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
|
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J.K. FITZPATRICK |
| Director |
| Approved by the board on 30 April 2026 |
|
| JKF AUTOMOTIVE LIMITED |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Tools and equipment |
10% reducing balance basis |
|
Motor vehicles |
20% reducing balance basis |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2024 |
11,570 |
|
- |
|
11,570 |
|
Additions |
2,997 |
|
9,995 |
|
12,992 |
|
At 30 November 2025 |
14,567 |
|
9,995 |
|
24,562 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
4,850 |
|
- |
|
4,850 |
|
Charge for the year |
1,159 |
|
2,499 |
|
3,658 |
|
At 30 November 2025 |
6,009 |
|
2,499 |
|
8,508 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
8,558 |
|
7,496 |
|
16,054 |
|
At 1 December 2024 |
6,720 |
|
- |
|
6,720 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
6,599 |
|
1,773 |
|
Prepayments |
560 |
|
- |
|
|
|
|
|
|
7,159 |
|
1,773 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loan (unsecured) |
1,500 |
|
1,500 |
|
Trade creditors |
4,553 |
|
6,637 |
|
Corporation tax |
1,764 |
|
1,577 |
|
Other taxes and social security costs |
1,395 |
|
1,401 |
|
Director's loan account |
26,152 |
|
21,409 |
|
|
|
|
|
|
35,364 |
|
32,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loan (unsecured) |
500 |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
Mr. J.K. Fitzpatrick, the sole director of the company at the Balance Sheet date, owns 100% of the issued share capital of the company. |
|
|
| 8 |
Other information |
|
JKF AUTOMOTIVE LIMITED is a private company limited by shares and incorporated in England (Company Number 12330699). Its registered office is Lower Gorsty Birch Farm, Stallington Road, Blythe Bridge, Stoke-on-Trent, Staffordshire, ST11 9QH. |