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REGISTERED NUMBER: 07067703 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

JRC Express Limited

JRC Express Limited (Registered number: 07067703)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JRC Express Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr J R Crabtree





REGISTERED OFFICE: Unit 9A Tokenspire Business Park
Hull Road
Woodmansey
East Yorkshire
HU17 0TB





REGISTERED NUMBER: 07067703 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

JRC Express Limited (Registered number: 07067703)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,320 121,369

CURRENT ASSETS
Debtors 5 171,917 159,992
Cash at bank 88,203 170,372
260,120 330,364
CREDITORS
Amounts falling due within one year 6 132,936 131,226
NET CURRENT ASSETS 127,184 199,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,504

320,507

CREDITORS
Amounts falling due after more than one
year

7

(93,216

)

(92,856

)

PROVISIONS FOR LIABILITIES (34,071 ) (28,667 )
NET ASSETS 179,217 198,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,117 198,884
SHAREHOLDERS' FUNDS 179,217 198,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

JRC Express Limited (Registered number: 07067703)

Balance Sheet - continued
30 November 2023


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 30 August 2024 and were signed by:





Mr J R Crabtree - Director


JRC Express Limited (Registered number: 07067703)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

JRC Express Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the amount of revenue can be measured reliably and when the specific criteria relating to each of the company’s sales channels have been met, as described below.

The company provides courier services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the year 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.


JRC Express Limited (Registered number: 07067703)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 335,629 2,729 338,358
Additions 3,900 126,250 - 130,150
Disposals - (68,000 ) - (68,000 )
At 30 November 2023 3,900 393,879 2,729 400,508
DEPRECIATION
At 1 December 2022 - 214,260 2,729 216,989
Charge for year 24 4,175 - 4,199
At 30 November 2023 24 218,435 2,729 221,188
NET BOOK VALUE
At 30 November 2023 3,876 175,444 - 179,320
At 30 November 2022 - 121,369 - 121,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 163,034 157,106
Other debtors 8,883 2,886
171,917 159,992

JRC Express Limited (Registered number: 07067703)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 48,122 30,316
Trade creditors 19,215 23,848
Taxation and social security 49,825 64,352
Other creditors 5,774 2,710
132,936 131,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 77,383 67,023
93,216 92,856

8. RELATED PARTY DISCLOSURES

The company is controlled by Mr J R Crabtree, who holds 100% of the shares in the company.