Company Registration No. 09321875 (England and Wales)
J C Cars London Limited
Filleted Accounts
for the year ended 30 November 2023
J C Cars London Limited
Filleted Accounts
Contents
J C Cars London Limited
Company Information
for the year ended 30 November 2023
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 2023
Intangible assets
10,863
10,863
Tangible assets
17,416
12,674
Inventories
437,670
321,100
Cash at bank and in hand
64,508
72,583
Creditors: amounts falling due within one year
(368,279)
(399,072)
Net current assets
191,036
181,948
Total assets less current liabilities
219,315
205,485
Creditors: amounts falling due after more than one year
(14,080)
(38,938)
Net assets
205,235
166,547
Called up share capital
100
100
Profit and loss account
205,135
166,447
Shareholders' funds
205,235
166,547
For the year ending 30 November 2023 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 28 January 2024 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 2023
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 2023
10,863
At 30 November 2023
10,863
At 30 November 2022
10,863
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
10,000
16,107
26,107
Additions
7,726
1,370
9,096
At 30 November 2023
17,726
17,477
35,203
At 1 December 2022
4,880
8,553
13,433
Charge for the year
2,569
1,785
4,354
At 30 November 2023
7,449
10,338
17,787
At 30 November 2023
10,277
7,139
17,416
At 30 November 2022
5,120
7,554
12,674
Amounts falling due within one year
Trade debtors
49,336
182,486
Accrued income and prepayments
716
4,851
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,021
37,884
Trade creditors
177,472
207,358
Taxes and social security
55,747
40,749
Other creditors
85,821
90,994
Loans from directors
14,776
15,627
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
J C Cars London Limited
Notes to the Accounts
for the year ended 30 November 2023
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
