REGISTERED NUMBER: 08859340 (England and Wales)

J & M Cars Ltd

Unaudited Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Jason David Gorner

Maxine Caroline Gorner

Registered office:

1 Hove Road

Lytham St Annes

Lancashire

FY8 1TP

Registered number:

08859340 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

25,000

25,000

Tangible assets

5

-

447

25,000

25,447

Current assets

Stocks

69,717

59,867

Debtors

6

2,114

106

Cash at bank and in hand

23,850

28,641

95,681

88,614

Creditors

Amounts falling due within one year

7

119,417

107,229

Net current liabilities

(23,736

)

(18,615

)

Total assets less current liabilities

1,264

6,832

Creditors

Amounts falling due after more than one year

8

-

(3,583

)

Provisions for liabilities

9

-

(85

)

Net assets

1,264

3,164

Capital and reserves

Called up share capital

10

100

100

Retained earnings

1,164

3,064

Shareholders' funds

1,264

3,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

Jason David Gorner - Director

1.	Statutory information

J & M Cars Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration receivable in respect of car sales, repairs and valeting services rendered by the company during the year.

Goodwill

Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £2,500 and the profit for the year reduced accordingly.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are measured at cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2025 - 5 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2025

and 31 January 2026

25,000

Net book value

At 31 January 2026

25,000

At 31 January 2025

25,000

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 February 2025

and 31 January 2026

2,650

Depreciation

At 1 February 2025

2,203

Charge for year

447

At 31 January 2026

2,650

Net book value

At 31 January 2026

-

At 31 January 2025

447

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

1,977

(31

)

Other debtors

137

137

2,114

106

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loan

2,730

10,000

Trade creditors

15,135

28,710

Taxation and social security

9,025

11,558

Other creditors

92,527

56,961

119,417

107,229

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loan

-

3,583

9.	Provisions for liabilities

2026

2025

£

£

Deferred tax

-

85

Deferred

tax

£

Balance at 1 February 2025

85

Provided during year

(85

)

Balance at 31 January 2026

-

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

1

100

100