Company Registration No. 09321875 (England and Wales)
J C Cars London Limited
Filleted Accounts
for the year ended 30 November 2021
J C Cars London Limited
Filleted Accounts
Contents
J C Cars London Limited
Company Information
for the year ended 30 November 2021
Directors
K. Montague
A. J. Montague
Company Number
09321875 (England and Wales)
Registered Office
Sapphire House
73 St Margarets Avenue
Whetstone
London
N20 9LD
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
J C Cars London Limited
Statement of financial position
as at 30 November 2021
Intangible assets
10,863
10,863
Tangible assets
13,931
13,934
Inventories
215,907
182,800
Cash at bank and in hand
95,535
94,292
Creditors: amounts falling due within one year
(168,267)
(166,717)
Net current assets
191,218
188,158
Total assets less current liabilities
216,012
212,955
Creditors: amounts falling due after more than one year
(66,735)
(103,025)
Net assets
149,277
109,930
Called up share capital
100
100
Profit and loss account
149,177
109,830
Shareholders' funds
149,277
109,930
For the year ending 30 November 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 20 February 2022 and were signed on its behalf by
K. Montague
Director
Company Registration No. 09321875
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2021
J C Cars London Limited is a private company, limited by shares, registered in England and Wales, registration number 09321875. The registered office is Sapphire House, 73 St Margarets Avenue, Whetstone, London, N20 9LD.
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.
Turnover represents net invoiced fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing balance method at 20% per annum.
Fixtures & fittings
Reducing balance method at 20% per annum.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2021
10,863
At 30 November 2021
10,863
At 30 November 2020
10,863
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2021
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2020
10,000
10,715
20,715
At 30 November 2021
10,000
14,195
24,195
At 1 December 2020
2,000
4,781
6,781
Charge for the year
1,600
1,883
3,483
At 30 November 2021
3,600
6,664
10,264
At 30 November 2021
6,400
7,531
13,931
At 30 November 2020
8,000
5,934
13,934
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
42,745
74,330
Accrued income and prepayments
3,190
-
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
37,763
26,963
Trade creditors
27,530
89,121
Taxes and social security
41,616
44,846
Other creditors
39,964
157
Loans from directors
19,779
2,930
8
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).
