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Registered number: 13367126
J&R Express Transport Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Smith & Co Accountants Limited
ACCA
Unit G2
Tanfield Lea Business Centre
Stanley
Co Durham
DH9 9DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13367126
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,025 44,040
44,025 44,040
CURRENT ASSETS
Stocks 5 20,000 20,000
Debtors 6 113,611 90,728
Cash at bank and in hand 7,710 35,815
141,321 146,543
Creditors: Amounts Falling Due Within One Year 7 (144,589 ) (154,186 )
NET CURRENT ASSETS (LIABILITIES) (3,268 ) (7,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,757 36,397
Creditors: Amounts Falling Due After More Than One Year 8 (11,008 ) -
NET ASSETS 29,749 36,397
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 29,748 36,396
SHAREHOLDERS' FUNDS 29,749 36,397
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Iulian Negrut
Director
12/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
J&R Express Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13367126 . The registered office is Unit 6 Shield Green Farm , Morpeth , NE61 3DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2023 78,293
Additions 27,995
Disposals (12,917 )
As at 30 April 2024 93,371
Depreciation
As at 1 May 2023 34,253
Provided during the period 15,093
As at 30 April 2024 49,346
Net Book Value
As at 30 April 2024 44,025
As at 1 May 2023 44,040
5. Stocks
2024 2023
£ £
Work in progress 20,000 20,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 113,611 90,728
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,000 -
Trade creditors 76,778 92,458
Bank loans and overdrafts 86 -
Other taxes and social security - 1,354
VAT 4,443 17,465
Net wages - 6,718
Accruals and deferred income 750 750
Director's loan account 57,532 35,441
144,589 154,186
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,008 -
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,000 -
Later than one year and not later than five years 11,008 -
16,008 -
16,008 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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