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REGISTERED NUMBER: 09462420 (England and Wales)















J DHILLON TRANSPORT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2022 TO 30 JUNE 2023






J DHILLON TRANSPORT LTD (REGISTERED NUMBER: 09462420)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 JUNE 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


J DHILLON TRANSPORT LTD (REGISTERED NUMBER: 09462420)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,358 70,226

CURRENT ASSETS
Debtors 5 195,982 77,351
Cash at bank 128,003 87,189
323,985 164,540
CREDITORS
Amounts falling due within one year 6 264,107 133,882
NET CURRENT ASSETS 59,878 30,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,236

100,884

CREDITORS
Amounts falling due after more than one year 7 (109,169 ) (47,502 )

PROVISIONS FOR LIABILITIES (23,542 ) (13,343 )
NET ASSETS 79,525 40,039

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 79,524 40,038
79,525 40,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 25 March 2024 and were signed by:





J Dhillon - Director


J DHILLON TRANSPORT LTD (REGISTERED NUMBER: 09462420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 JUNE 2023


1. STATUTORY INFORMATION

J Dhillon Transport Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09462420

Registered office: Bathurst House
50 Bathurst Walk
Iver
Buckinghamshire
SL0 9BH

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

J DHILLON TRANSPORT LTD (REGISTERED NUMBER: 09462420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 294,147
Additions 167,938
At 30 June 2023 462,085
DEPRECIATION
At 1 March 2022 223,921
Charge for period 85,806
At 30 June 2023 309,727
NET BOOK VALUE
At 30 June 2023 152,358
At 28 February 2022 70,226

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

Plant and
machinery
etc
£   
COST
At 1 March 2022 159,702
Additions 128,609
Transfer to ownership (143,707 )
At 30 June 2023 144,604
DEPRECIATION
At 1 March 2022 121,903
Charge for period 46,028
Transfer to ownership (113,089 )
At 30 June 2023 54,842
NET BOOK VALUE
At 30 June 2023 89,762
At 28 February 2022 37,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,653 39,572
Other debtors 135,329 37,779
195,982 77,351

J DHILLON TRANSPORT LTD (REGISTERED NUMBER: 09462420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,975 5,000
Hire purchase contracts 30,154 20,172
Trade creditors 8,142 4,805
Taxation and social security 78,703 38,253
Other creditors 143,133 65,652
264,107 133,882

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 36,818 41,410
Hire purchase contracts 72,351 6,092
109,169 47,502

8. OTHER FINANCIAL COMMITMENTS

As at the Balance Sheet date the company had financial commitment totalling £106,842 (2022: £189,501) being the payments in respect of rent payable during the unexpired term of a lease. The lease expires in December 2025.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2023 and the year ended 28 February 2022:

2023 2022
£    £   
J Dhillon
Balance outstanding at start of period 9,916 9,395
Amounts advanced - 9,916
Amounts repaid (9,916 ) (9,395 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 9,916

No interest is payable on the above balance.

10. RELATED PARTY DISCLOSURES

The company owes an amount of £4,275 (2022: £4,275) to a business which is owned and controlled by close family members. The loan is interest free and is repayable on demand.

As at the Balance Sheet date the company owed £19,346 to its Directors. This amount is repayable on demand.
No interest has been paid nor is payable on this amount.