Company Registration No. 03655315 (England and Wales)
S.J. Sportscars Limited
Unaudited accounts
for the year ended 30 June 2026
S.J. Sportscars Limited
Unaudited accounts
Contents
S.J. Sportscars Limited
Company Information
for the year ended 30 June 2026
Director
Stephen Alan Roberts
Company Number
03655315 (England and Wales)
Registered Office
Lotus House
Lords Meadow
Crediton
Devon
EX17 1DN
Accountants
H W Martin & Co LLP
Lloyds Bank Chambers
High Street
Crediton
Devon
EX17 3AH
S.J. Sportscars Limited
Statement of financial position
as at 30 June 2026
Intangible assets
13,400
13,400
Tangible assets
19,834
17,286
Inventories
983,278
987,249
Cash at bank and in hand
210,589
90,850
Creditors: amounts falling due within one year
(278,313)
(186,961)
Net current assets
1,473,878
1,482,694
Net assets
1,507,112
1,513,380
Called up share capital
100
100
Capital redemption reserve
1
1
Profit and loss account
1,507,011
1,513,279
Shareholders' funds
1,507,112
1,513,380
For the year ending 30 June 2026 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 10 September 2026 and were signed on its behalf by
Stephen Alan Roberts
Director
Company Registration No. 03655315
S.J. Sportscars Limited
Notes to the Accounts
for the year ended 30 June 2026
S.J. Sportscars Limited is a private company, limited by shares, registered in England and Wales, registration number 03655315. The registered office is Lotus House, Lords Meadow, Crediton, Devon, EX17 1DN.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The goodwill purchased by the company is not amortised.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
S.J. Sportscars Limited
Notes to the Accounts
for the year ended 30 June 2026
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
15,955
15,743
Amounts due from group undertakings etc.
478,067
386,173
Accrued income and prepayments
23,322
16,775
Other debtors
40,980
172,865
S.J. Sportscars Limited
Notes to the Accounts
for the year ended 30 June 2026
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
218,869
166,863
Taxes and social security
1,450
17,442
Loans from directors
55,316
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2025: 8).