Company Registration No. 09612721 (England and Wales)
JLM Transport Ltd
Unaudited accounts
for the year ended 31 May 2023
JLM Transport Ltd
Unaudited accounts
Contents
JLM Transport Ltd
Company Information
for the year ended 31 May 2023
Directors
John Leigh
Matthew Leigh
Lynn Leigh
Company Number
09612721 (England and Wales)
Registered Office
Grosvenor House
Chapel Street
Congleton
CW12 4AB
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
JLM Transport Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
3,276
6,457
Cash at bank and in hand
2,133,526
1,334,303
Creditors: amounts falling due within one year
(739,099)
(614,679)
Net current assets
2,258,577
1,634,842
Total assets less current liabilities
2,261,853
1,641,299
Creditors: amounts falling due after more than one year
(22,705)
(32,407)
Net assets
2,239,148
1,608,892
Called up share capital
6
4
Profit and loss account
2,239,142
1,608,888
Shareholders' funds
2,239,148
1,608,892
For the year ending 31 May 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 16 January 2024 and were signed on its behalf by
John Leigh
Director
Company Registration No. 09612721
JLM Transport Ltd
Notes to the Accounts
for the year ended 31 May 2023
JLM Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 09612721. The registered office is Grosvenor House, Chapel Street, Congleton, CW12 4AB.
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.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
16,724
4,829
21,553
Disposals
(12,474)
-
(12,474)
At 31 May 2023
4,250
6,365
10,615
At 1 June 2022
10,417
4,679
15,096
Charge for the year
1,063
535
1,598
On disposals
(9,355)
-
(9,355)
At 31 May 2023
2,125
5,214
7,339
At 31 May 2023
2,125
1,151
3,276
At 31 May 2022
6,307
150
6,457
JLM Transport Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
502,844
576,048
Amounts falling due after more than one year
Other debtors
240,571
228,942
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,702
9,702
Trade creditors
520,619
434,348
Taxes and social security
250,995
223,201
Other creditors
(6,607)
936
Loans from directors
(37,142)
(55,108)
The creditors include an overdrawn director's account of £49,500 to Ashley Southern. Since resigning as a director this has been converted to a loan. It is anticipated that the loan will be cleared by future dividend payments as she is currently a shareholder.
7
Creditors: amounts falling due after more than one year
2023
2022
The amount outstanding is the amount due in more than twelve months of a Bounce Back Loan taken out in July 2020.
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
1 Ordinary B Shares of £1 each
1
-
1 Ordinary C Shares of £1 each
1
-
Shares issued during the period:
1 Ordinary B Shares of £1 each
1
1 Ordinary C Shares of £1 each
1
JLM Transport Ltd
Notes to the Accounts
for the year ended 31 May 2023
9
Transactions with related parties
A loan was given by the company to two directors, Mr M Leigh and Ms A Southern, in 2021 for £230,000 at commercial rates, with fixed repayments. Mr Leigh has been making her share of the repayments on behalf Ms Southern and continues to do so since she resigned as a director.
10
Average number of employees
During the year the average number of employees was 9 (2022: 9).