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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
Page
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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
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JLM Transport Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,276 
6,457 
Current assets
Debtors
864,150 
915,218 
Cash at bank and in hand
2,133,526 
1,334,303 
2,997,676 
2,249,521 
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 
Capital and reserves
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
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JLM Transport Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
1,536 
1,536 
Disposals
(12,474)
- 
(12,474)
At 31 May 2023
4,250 
6,365 
10,615 
Depreciation
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 
Net book value
At 31 May 2023
2,125 
1,151 
3,276 
At 31 May 2022
6,307 
150 
6,457 
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JLM Transport Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
115,735 
105,228 
Trade debtors
502,844 
576,048 
Other debtors
5,000 
5,000 
623,579 
686,276 
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)
Accruals
1,532 
1,600 
739,099 
614,679 
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 
£ 
£ 
Bank loans
22,705 
32,407 
The amount outstanding is the amount due in more than twelve months of a Bounce Back Loan taken out in July 2020.
8
Share capital
2023 
2022 
£ 
£ 
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 
- 
6 
4 
Shares issued during the period:
1 Ordinary B Shares of £1 each
1 
1 Ordinary C Shares of £1 each
1 
2 
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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).
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