Registration number: 12624696

JHD Classic Cars Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

JHD Classic Cars Ltd

Company Information

Directors

B R Garbe J P Garbe H E Venn

Registered office

Brgarbe Vitalograph Business Park Maids Moreton Buckingham England MK18 1SW

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

JHD Classic Cars Ltd

Statement of Financial Position as at 31 May 2026

	Note	2026 £	2025 £
Current assets
Stocks	4	36,870	45,871
Debtors	5	100	100
Cash at bank and in hand		20,772	9,469
		57,742	55,440
Creditors: Amounts falling due within one year	6	(74,979)	(73,479)
Net liabilities		(17,237)	(18,039)
Capital and reserves
Called up share capital		100	100
Retained earnings		(17,337)	(18,139)
Shareholders' deficit		(17,237)	(18,039)

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of JHD Classic Cars Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 7 July 2026 and signed on its behalf by:
 

.........................................

B R Garbe

Director

Company registration number: 12624696

JHD Classic Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brgarbe Vitalograph Business Park
Maids Moreton
Buckingham
MK18 1SW
England

The principal activity of the company is being sales of used cars and light motor vehicles.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a small profit for the year ended 31 May 2026 and had a net deficit of assets of £17,237 including cash at bank of £20,772 at that date.

After making enquiries, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Although activity levels have remained muted, the company has minimal overheads and ongoing access to sufficient working capital being provided by way of shareholder loans. As such, the Director remains confident that the company will continue to meet all its financial obligations as and when they fall due.

Accordingly, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

JHD Classic Cars Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2025 - 0).

4

Stocks

	2026 £	2025 £
Stock	36,870	45,871

5

Debtors

	2026 £	2025 £
Other debtors	100	100
	100	100

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Other creditors	74,979	73,479