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REGISTERED NUMBER: 07173193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Junction 17 Cars Limited

Junction 17 Cars Limited (Registered number: 07173193)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Junction 17 Cars Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: G H Jones
C L Bacon
Mrs L J Bacon
Mrs S Jones





SECRETARY: Mrs L J Bacon





REGISTERED OFFICE: 1 Kestrel Way
Eagle Business Park
Yaxley
Peterborough
Cambridgeshire
PE7 3GQ





REGISTERED NUMBER: 07173193 (England and Wales)





ACCOUNTANTS: AE Finance Ltd
Chartered Certified Accountants
367 Eastfield Road
Peterborough
Cambridgeshire
PE1 4RD

Junction 17 Cars Limited (Registered number: 07173193)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,418,046 1,418,138
Investments 5 100 100
1,418,146 1,418,238

CURRENT ASSETS
Stocks 2,706,709 2,637,415
Debtors 6 458,688 288,010
Cash at bank - 46,153
3,165,397 2,971,578
CREDITORS
Amounts falling due within one year 7 3,065,085 2,943,984
NET CURRENT ASSETS 100,312 27,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,458

1,445,832

CREDITORS
Amounts falling due after more than one year 8 (1,071,946 ) (1,148,359 )

PROVISIONS FOR LIABILITIES (11,025 ) (10,568 )
NET ASSETS 435,487 286,905

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 435,387 286,805
SHAREHOLDERS' FUNDS 435,487 286,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

Junction 17 Cars Limited (Registered number: 07173193)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 11 December 2017 and were signed on its behalf by:





G H Jones - Director


Junction 17 Cars Limited (Registered number: 07173193)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Junction 17 Cars 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make judgements, estimates and
assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates
and assumptions are based on the best and most reliable evidence available at the time when the decisions are
made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results
and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of
the revision and future periods, if the revision affects both current and future periods.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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

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

Junction 17 Cars Limited (Registered number: 07173193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties
and loans to related parties.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of
the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that
are payable or receivable within one year, typically trade payables or receivables, are measured, initially and
subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of
a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in
the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and
subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt
instrument.

Financial assets that are measured at cost and amortised cost are 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
profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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 23 .

Junction 17 Cars Limited (Registered number: 07173193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016 1,352,114 147,481 1,499,595
Additions - 21,885 21,885
At 31 March 2017 1,352,114 169,366 1,521,480
DEPRECIATION
At 1 April 2016 - 81,457 81,457
Charge for year - 21,977 21,977
At 31 March 2017 - 103,434 103,434
NET BOOK VALUE
At 31 March 2017 1,352,114 65,932 1,418,046
At 31 March 2016 1,352,114 66,024 1,418,138

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2016
and 31 March 2017 100
NET BOOK VALUE
At 31 March 2017 100
At 31 March 2016 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 118,910 76,205
Amounts owed by participating interests 171,946 58,516
Other debtors 167,832 153,289
458,688 288,010

Junction 17 Cars Limited (Registered number: 07173193)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 96,814 126,906
Trade creditors 262,991 483,726
Taxation and social security 178,545 202,059
Other creditors 2,526,735 2,131,293
3,065,085 2,943,984

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans 890,634 851,567
Other creditors 181,312 296,792
1,071,946 1,148,359

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 723,642 686,416

9. ULTIMATE CONTROLLING PARTY

There is no controlling party by virtue of the shareholding.