REGISTERED NUMBER: 05708324 (England and Wales)

JERVIS AUTO SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Jervis

Mrs S Jervis

SECRETARY:

Mrs S Jervis

REGISTERED OFFICE:

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

REGISTERED NUMBER:

05708324 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Tangible assets

4

4,686

3,998

CURRENT ASSETS

Stocks

500

500

Debtors

5

43,247

45,788

Cash at bank

13,123

1,486

56,870

47,774

CREDITORS

Amounts falling due within one year

6

33,374

26,662

NET CURRENT ASSETS

23,496

21,112

TOTAL ASSETS LESS CURRENT LIABILITIES

28,182

25,110

PROVISIONS FOR LIABILITIES

1,092

903

NET ASSETS

27,090

24,207

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

26,990

24,107

SHAREHOLDERS' FUNDS

27,090

24,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 21 November 2025 and were signed on its behalf by:

Mr R Jervis - Director

1.	STATUTORY INFORMATION

Jervis Auto Services Limited 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant, machinery and small tools

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

machinery

Fixtures

and small

and

Office

tools

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

68,604

6,376

3,746

78,726

Additions

2,250

-

-

2,250

Disposals

(22,497

)

-

-

(22,497

)

At 28 February 2025

48,357

6,376

3,746

58,479

DEPRECIATION

At 1 March 2024

67,002

4,173

3,553

74,728

Charge for year

963

551

48

1,562

Eliminated on disposal

(22,497

)

-

-

(22,497

)

At 28 February 2025

45,468

4,724

3,601

53,793

NET BOOK VALUE

At 28 February 2025

2,889

1,652

145

4,686

At 29 February 2024

1,602

2,203

193

3,998

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

610

468

Directors' loan accounts

41,094

43,990

Prepayments

1,543

1,330

43,247

45,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

14,083

13,225

Tax

8,662

6,988

Other taxes & social security

1,262

359

VAT

3,836

3,301

Other creditors

3,331

639

Accruals and deferred income

2,200

2,150

33,374

26,662

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

Mr R Jervis

Balance outstanding at start of year

43,990

26,897

Amounts advanced

49,136

51,883

Amounts repaid

(52,032

)

(34,790

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,094

43,990

Interest was charged on the director's advances at HM Revenue & Customs official rate of 2.25% per annum.

The outstanding advances were cleared within nine months of the year end.