Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-01-01falseNo description of principal activity6369truefalse 02812754 2023-01-01 2023-12-31 02812754 2022-01-01 2022-12-31 02812754 2023-12-31 02812754 2022-12-31 02812754 c:Director1 2023-01-01 2023-12-31 02812754 d:Buildings 2023-01-01 2023-12-31 02812754 d:Buildings 2023-12-31 02812754 d:Buildings 2022-12-31 02812754 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:PlantMachinery 2023-01-01 2023-12-31 02812754 d:PlantMachinery 2023-12-31 02812754 d:PlantMachinery 2022-12-31 02812754 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:MotorVehicles 2023-01-01 2023-12-31 02812754 d:MotorVehicles 2023-12-31 02812754 d:MotorVehicles 2022-12-31 02812754 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:FurnitureFittings 2023-01-01 2023-12-31 02812754 d:FurnitureFittings 2023-12-31 02812754 d:FurnitureFittings 2022-12-31 02812754 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:ComputerEquipment 2023-01-01 2023-12-31 02812754 d:ComputerEquipment 2023-12-31 02812754 d:ComputerEquipment 2022-12-31 02812754 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02812754 d:ComputerSoftware 2023-12-31 02812754 d:ComputerSoftware 2022-12-31 02812754 d:CurrentFinancialInstruments 2023-12-31 02812754 d:CurrentFinancialInstruments 2022-12-31 02812754 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02812754 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02812754 d:ShareCapital 2023-12-31 02812754 d:ShareCapital 2022-12-31 02812754 d:RevaluationReserve 2023-12-31 02812754 d:RevaluationReserve 2022-12-31 02812754 d:RetainedEarningsAccumulatedLosses 2023-12-31 02812754 d:RetainedEarningsAccumulatedLosses 2022-12-31 02812754 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 02812754 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 02812754 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02812754 c:OrdinaryShareClass1 2023-12-31 02812754 c:OrdinaryShareClass1 2022-12-31 02812754 c:FRS102 2023-01-01 2023-12-31 02812754 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02812754 c:FullAccounts 2023-01-01 2023-12-31 02812754 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02812754 d:Subsidiary1 2023-01-01 2023-12-31 02812754 d:Subsidiary1 1 2023-01-01 2023-12-31 02812754 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 02812754 2 2023-01-01 2023-12-31 02812754 6 2023-01-01 2023-12-31 02812754 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 02812754 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02812754










R J J FREIGHT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 5 April 2024.





 
R J J FREIGHT LIMITED
REGISTERED NUMBER: 02812754

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,092
579

Tangible assets
 5 
418,793
508,887

Investments
 6 
2
2

  
424,887
509,468

Current assets
  

Debtors: amounts falling due within one year
 7 
740,575
1,174,384

Cash at bank and in hand
  
2,670,581
2,157,152

  
3,411,156
3,331,536

Creditors: amounts falling due within one year
 8 
(1,945,352)
(2,225,387)

Net current assets
  
 
 
1,465,804
 
 
1,106,149

Total assets less current liabilities
  
1,890,691
1,615,617

Provisions for liabilities
  

Deferred tax
 9 
(40,864)
(48,285)

  
 
 
(40,864)
 
 
(48,285)

Net assets
  
1,849,827
1,567,332


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Revaluation reserve
  
49,200
50,400

Profit and loss account
  
1,799,627
1,515,932

  
1,849,827
1,567,332


Page 1

 
R J J FREIGHT LIMITED
REGISTERED NUMBER: 02812754
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S I Bagert
Director

Date: 5 April 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

RJJ Freight Limited is a private Limited Company limited by shares and incorporated in England and Wales, registration number 02812754. The registered office is RJJ House Haven Exchange South, Felixstowe, Suffolk, IP11 2QE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
on cost
Plant and machinery
-
20%
- 50% on cost
Motor vehicles
-
20%
on cost
Fixtures and fittings
-
10%
- 20% on cost
Computer equipment
-
20%
- 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 6

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 63 (2022 - 69).


4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
33,852


Additions
7,310



At 31 December 2023

41,162



Amortisation


At 1 January 2023
33,273


Charge for the year on owned assets
1,797



At 31 December 2023

35,070



Net book value



At 31 December 2023
6,092



At 31 December 2022
579



Page 7

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Plant and machinery
Computer equipment
Fixtures and fittings
Freehold property

£
£
£
£
£



Cost or valuation


At 1 January 2023
12,995
65,860
340,044
59,926
408,399


Additions
-
415
5,368
-
-



At 31 December 2023

12,995
66,275
345,412
59,926
408,399



Depreciation


At 1 January 2023
1,516
62,432
200,376
19,964
94,049


Charge for the year on owned assets
2,599
1,109
77,678
8,323
6,168



At 31 December 2023

4,115
63,541
278,054
28,287
100,217



Net book value



At 31 December 2023
8,880
2,734
67,358
31,639
308,182



At 31 December 2022
11,479
3,428
139,668
39,962
314,350
Page 8

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2023
887,224


Additions
5,783



At 31 December 2023

893,007



Depreciation


At 1 January 2023
378,337


Charge for the year on owned assets
95,877



At 31 December 2023

474,214



Net book value



At 31 December 2023
418,793



At 31 December 2022
508,887

Page 9

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
2



At 31 December 2023
2





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

RJJ Couriers Limited
RJJ House Haven Exchange South, Felixstowe, Suffolk, IP11 2QE
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

RJJ Couriers Limited
2
-

Page 10

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
643,735
1,051,312

Other debtors
41,903
68,715

Prepayments
54,937
54,357

740,575
1,174,384



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
25,195
-

Trade creditors
870,184
1,189,752

Corporation tax
99,573
86,623

Other creditors
7,533
11,138

Accruals and deferred income
942,867
937,874

1,945,352
2,225,387


There is a fixed and floating charge over the assets of the company.

Page 11

 
R J J FREIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(48,285)


Charged to profit or loss
7,421



At end of year
(40,864)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated captial allowances
(40,864)
(48,285)

(40,864)
(48,285)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Pension commitments

The company operates a defined contributions scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £259,356. (2022: £204,930). Contributions of £7,532 (2022 - £11,138) were payable to the fund at the reporting date. 

 
Page 12