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REGISTERED NUMBER: 06717932 (England and Wales)















Financial Statements for the Year Ended 31 October 2021

for

J. G. S. Couriers Limited

J. G. S. Couriers Limited (Registered number: 06717932)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J. G. S. Couriers Limited

Company Information
for the Year Ended 31 October 2021







DIRECTORS: J G Stubbins
Mrs A L C Stubbins





SECRETARY: Mrs A L C Stubbins





REGISTERED OFFICE: Chatsworth
The Holloway
Droitwich Spa
Worcestershire
WR9 7AJ





REGISTERED NUMBER: 06717932 (England and Wales)





ACCOUNTANTS: R T Brighton Chartered Accountants
Chatsworth
The Holloway
Droitwich Spa
Worcestershire
WR9 7AJ

J. G. S. Couriers Limited (Registered number: 06717932)

Balance Sheet
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 16,000
Tangible assets 5 65,640 75,107
79,640 91,107

CURRENT ASSETS
Debtors 6 73,027 61,301
Cash at bank and in hand 4,375 71,742
77,402 133,043
CREDITORS
Amounts falling due within one year 7 47,433 121,852
NET CURRENT ASSETS 29,969 11,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,609

102,298

CREDITORS
Amounts falling due after more than one
year

8

108,585

114,722
NET ASSETS/(LIABILITIES) 1,024 (12,424 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 24 (13,424 )
SHAREHOLDERS' FUNDS 1,024 (12,424 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:



J G Stubbins - Director


J. G. S. Couriers Limited (Registered number: 06717932)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

J. G. S. Couriers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

J. G. S. Couriers Limited (Registered number: 06717932)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2020
and 31 October 2021 40,000
AMORTISATION
At 1 November 2020 24,000
Charge for year 2,000
At 31 October 2021 26,000
NET BOOK VALUE
At 31 October 2021 14,000
At 31 October 2020 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020 205,113
Additions 65,051
Disposals (48,150 )
At 31 October 2021 222,014
DEPRECIATION
At 1 November 2020 130,006
Charge for year 52,718
Eliminated on disposal (26,350 )
At 31 October 2021 156,374
NET BOOK VALUE
At 31 October 2021 65,640
At 31 October 2020 75,107

J. G. S. Couriers Limited (Registered number: 06717932)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2020 188,995
Additions 20,000
Disposals (48,150 )
At 31 October 2021 160,845
DEPRECIATION
At 1 November 2020 119,035
Charge for year 40,211
Eliminated on disposal (26,350 )
At 31 October 2021 132,896
NET BOOK VALUE
At 31 October 2021 27,949
At 31 October 2020 69,960

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade debtors 70,720 61,301
Other debtors 2,307 -
73,027 61,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 1,922 (3,483 )
Taxation and social security 32,497 56,441
Other creditors 13,014 18,894
47,433 121,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans 35,094 31,159
Hire purchase contracts 73,491 83,563
108,585 114,722

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,327 -

J. G. S. Couriers Limited (Registered number: 06717932)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.21 31.10.20
£    £   
Hire purchase contracts 73,491 83,563

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2021 and 31 October 2020:

31.10.21 31.10.20
£    £   
J G Stubbins
Balance outstanding at start of year - -
Amounts advanced 1,153 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,153 -

Mrs A L C Stubbins
Balance outstanding at start of year - -
Amounts advanced 1,153 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,153 -

11. ULTIMATE CONTROLLING PARTY

The controlling party is J G Stubbins.