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REGISTERED NUMBER: 09833697 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

JJX STORAGE LIMITED

JJX STORAGE LIMITED (REGISTERED NUMBER: 09833697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JJX STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr J J Donovan





REGISTERED OFFICE: Bobbington Nurseries
Manor Lane
Bobbington
Stourbridge
West Midlands
DY7 5EG





REGISTERED NUMBER: 09833697 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

JJX STORAGE LIMITED (REGISTERED NUMBER: 09833697)

BALANCE SHEET
31ST MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
219,647 Tangible assets 4 209,996

CURRENT ASSETS
818,176 Debtors 5 553,719
45,811 Cash at bank 110,038
863,987 663,757
CREDITORS
1,301,440 Amounts falling due within one year 6 914,453
(437,453 ) NET CURRENT LIABILITIES (250,696 )
(217,806 ) TOTAL ASSETS LESS CURRENT LIABILITIES (40,700 )

CREDITORS

(47,870

)
Amounts falling due after more than one
year

7

(22,425

)

- PROVISIONS FOR LIABILITIES (24,774 )
(265,676 ) NET LIABILITIES (87,899 )

CAPITAL AND RESERVES
1 Called up share capital 9 1
(265,677 ) Retained earnings (87,900 )
(265,676 ) SHAREHOLDERS' FUNDS (87,899 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24th August 2023 and were signed by:



Mr J J Donovan - Director


JJX STORAGE LIMITED (REGISTERED NUMBER: 09833697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

JJX Storage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 10% on cost
Plant and machinery etc - 25% on cost, 15% on cost and 10% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
As at the balance sheet date the company is insolvent. However, the largest creditor is J J Xpress Ltd, a company owned by the same director-shareholders. The directors have confirmed that they will continue to support the company for the foreseeable future and therefore the accounts have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 15 ) .

JJX STORAGE LIMITED (REGISTERED NUMBER: 09833697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Leasehold
Totals Improvements Equipment
£    £    £   
COST
At 1st April 2022 323,467 102,573 220,894
Additions 30,656 - 30,656
At 31st March 2023 354,123 102,573 251,550
DEPRECIATION
At 1st April 2022 103,820 29,286 74,534
Charge for year 40,307 10,258 30,049
At 31st March 2023 144,127 39,544 104,583
NET BOOK VALUE
At 31st March 2023 209,996 63,029 146,967
At 31st March 2022 219,647 73,287 146,360



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 225,845 383,106
Other debtors - 31,993
Directors' current accounts 8,254 8,254
Deferred tax asset - 48,700
Prepayments 319,620 346,123
553,719 818,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 15,587 107,397
Hire purchase contracts 14,566 26,110
Trade creditors 416,771 459,227
Amounts owed to associates 350,569 557,784
Social security and other taxes 22,791 59,607
Other creditors 7,364 3,372
Accrued expenses 86,805 87,943
914,453 1,301,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,197 9,940
Bank loans - 2-5 years 12,228 22,425
Hire purchase contracts - 15,505
22,425 47,870

JJX STORAGE LIMITED (REGISTERED NUMBER: 09833697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 14,566 41,615

There is a fixed and floating charge in favour of Close Brothers Limited secured on all property of the company dated 12th November 2019.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
Mr J J Donovan
Balance outstanding at start of year 8,254 8,254
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,254 8,254

No interest is charged.