JMR Vehicle Solutions Limited 31/12/2019 iXBRL
JMR Vehicle Solutions Limited 31/12/2019 iXBRL
REGISTRAR
Company registration number:
06330821
Unaudited filleted financial statements
Contents
Directors and other information
Directors report
Statement of financial position
Notes to the financial statements
Statement of financial position
31 December 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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(
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital | 9 |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2020
, and are signed on behalf of the board by:
Director
Company registration number:
06330821
Notes to the financial statements
Year ended 31 December 2019
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 Bickford Truck Hire Limited, Paradise Lane, Slade Heath, Wolverhampton, West Midlands, WV10 7NZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Tangible assets
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loan and borrowings
Loans and borrowings are initaily recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2018:
4
).
5.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Trailers | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 January 2019 |
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Disposals | - | - |
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_______ | _______ | _______ | _______ | ||
At 31 December 2019 |
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Depreciation | |||||
At 1 January 2019 |
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Charge for the year |
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Disposals | - | - |
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_______ | _______ | _______ | _______ | ||
At 31 December 2019 |
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Carrying amount | |||||
At 31 December 2019 |
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_______ | _______ | _______ | _______ | ||
At 31 December 2018 |
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6.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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7.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Other loans |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2019 | 2018 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
9.
Called up share capital
Authorised share capital
2019 | 2018 | ||||||||
No | £ | No | £ | ||||||
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100 | 100 | 100 | 100 | |||||
_______ | _______ | _______ | _______ | ||||||
Issued, called up and fully paid
2019 | 2018 | ||||||||
No | £ | No | £ | ||||||
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100 | 100 | 100 | 100 | |||||
_______ | _______ | _______ | _______ | ||||||
10.
Going Concern
The directors recognise the difficult conditions that the company currently faces however they believe that the company is in a position to continue to trade as a going concern for the foreseeable future.