D & J Autos Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01578802

D & J Autos Limited

Filleted Unaudited Financial Statements

31 March 2026

D & J Autos Limited

Financial Statements

Year ended 31st March 2026

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 9

D & J Autos Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of D & J Autos Limited

Year ended 31st March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D & J Autos Limited for the year ended 31st March 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of D & J Autos Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of D & J Autos Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & J Autos Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D & J Autos Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D & J Autos Limited. You consider that D & J Autos Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of D & J Autos Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

17 October 2026

D & J Autos Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		820,390	976,274

Current assets

Stocks		224,260	255,233
Debtors	6	19,114	18,934
Cash at bank and in hand		6,787	94,385
		---------	---------
		250,161	368,552

Creditors: amounts falling due within one year	7	531,310		524,732
		---------		---------
Net current liabilities			281,149	156,180
			---------	---------
Total assets less current liabilities			539,241	820,094

Creditors: amounts falling due after more than one year	8		–	2,500

Provisions

Taxation including deferred tax	6,113	74,729
	---------	---------
Net assets	533,128	742,865
	---------	---------

D & J Autos Limited

Statement of Financial Position (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	371	371
Share premium account	34,998	34,998
Revaluation reserve	657,703	742,034
Capital redemption reserve	131	131
Profit and loss account	( 160,075)	( 34,669)
	---------	---------
Shareholders funds	533,128	742,865
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 October 2026 , and are signed on behalf of the board by:

Mr J P Day

Director

Company registration number: 01578802

D & J Autos Limited

Notes to the Financial Statements

Year ended 31st March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The year end Statement of Financial Position reflects a net current liability position. The director is of the view that the going concern policy remians valid, despite the net current liability position, this view supported by the total net asset position and the ongoing financial support provided to the company to include the unsecured director loan funding.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for vehicles supplied and vehicle maintenance services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of vehicles is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of tax currently payable and any deferred tax provision. The tax currently payable is based on taxable profit for the year. Taxable profit can differ from profit as reported in the statement of comprehensive income because of adjustment for items that are not taxable or deductible. The company's liability for current tax is calculated using tax rates in force at the end of the reporting period. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% straight line

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks of vehicles are stated at the lower of cost and net realisable value. Cost is computed on an actual basis. Net realisable value is based on estimated selling price less estimated cost of disposal. Stocks of workshop parts and consumables are calculated on an average cost basis.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Apr 2025	964,600	52,159	5,136	11,450	3,241	1,036,586
Revaluations	( 152,947)	–	–	–	–	( 152,947)
	---------	--------	-------	--------	-------	------------
At 31 Mar 2026	811,653	52,159	5,136	11,450	3,241	883,639
	---------	--------	-------	--------	-------	------------
Depreciation
At 1 Apr 2025	–	45,608	4,630	6,833	3,241	60,312
Charge for the year	–	1,310	100	1,527	–	2,937
	---------	--------	-------	--------	-------	------------
At 31 Mar 2026	–	46,918	4,730	8,360	3,241	63,249
	---------	--------	-------	--------	-------	------------
Carrying amount
At 31 Mar 2026	811,653	5,241	406	3,090	–	820,390
	---------	--------	-------	--------	-------	------------
At 31 Mar 2025	964,600	6,551	506	4,617	–	976,274
	---------	--------	-------	--------	-------	------------

Included in freehold property is a value of £811,653 which is attributable to revalued freehold land and buildings. The carrying value of the subject property has been reduced at the year end date to reflect the now updated market value, thereby reversing, in part, the upward valuation of earlier years. The revised value has been adopted on the basis of the directors assessment of the known market position given the subsequent sale post the year end date. The directors believe this revalued amount to still be an appropriate carrying value in the accounts.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31st March 2026
Aggregate cost	147,837
Aggregate depreciation	(121,776)
	---------
Carrying value	26,061
	---------

At 31st March 2025
Aggregate cost	147,837
Aggregate depreciation	(121,776)
	---------
Carrying value	26,061
	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	368	–
Other debtors	18,746	18,934
	--------	--------
	19,114	18,934
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	75,627	101,525
Trade creditors	38,926	27,189
Social security and other taxes	967	872
Other creditors	415,790	395,146
	---------	---------
	531,310	524,732
	---------	---------

Included in bank loans and overdrafts above is a total of £73,127 (2025: £91,525) of bank overdraft, secured on the assets of the company.

The company obtained a bounceback loan facility in June 2020 for a principal sum of £50,000. A capital and interest repayment holiday was scheduled for the period of 12 months from this date. The above bank loans falling due within one year amounted to £2,500 (2025: £10,000).

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	2,500
	----	-------

The company obtained a bounceback loan facility in June 2020 for a principal sum of £50,000. A capital and interest repayment holiday was scheduled for the period of 12 months from this date. The above bank loans falling due after more than one year amounted to £Nil (2025: £2,500).

A fixed rate of 2.5% above base is applicable to the bounceback loan facility.

9. Directors' advances, credits and guarantees

Included in creditors is a loan advanced to the company by one of the directors, namely Mr J P Day with a year end balance of £343,676 (2025: £314,445) owing by the company to the director. The above loan is interest free and has no fixed terms for repayment, except for the fact that the balance is expected to be repaid within twelve months after the balance sheet date.

10. Related party transactions

Grovebury Asset Management Limited is a company related to D and J Autos Limited by virtue of common directorships and family control. Included in other creditors as at 31 March 2025, was a balance of £48,641 (2025: £48,641) owing from D and J Autos Ltd to Grovebury Asset Management Ltd. There are no formal repayment terms and no interest is charged on this loan. One of the directors provides unlimited personal guarantees to the company as part of the bank security arrangements.