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REGISTERED NUMBER: 01208286 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D.J.V. TRANSPORT & FORWARDING LIMITED

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.J.V. TRANSPORT & FORWARDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr K Chipperfield
Mr M John





REGISTERED OFFICE: 14 Tenants Row
Tilbury Dock
Essex
RM18 7EH





REGISTERED NUMBER: 01208286 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,351,983 1,102,551

CURRENT ASSETS
Debtors 6 1,811,034 1,914,870
Cash at bank 1,008,879 1,414,844
2,819,913 3,329,714
CREDITORS
Amounts falling due within one year 7 784,678 1,014,044
NET CURRENT ASSETS 2,035,235 2,315,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,387,218

3,418,221

CREDITORS
Amounts falling due after more than one
year

8

(264,411

)

(94,786

)

PROVISIONS FOR LIABILITIES 11 (327,238 ) (239,072 )
NET ASSETS 2,795,569 3,084,363

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,795,469 3,084,263
SHAREHOLDERS' FUNDS 2,795,569 3,084,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr K Chipperfield - Director


D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

D.J.V. Transport & Forwarding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation
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.
Buildings - 10% straight line basis
Plant and equipment - 25% straight line basis
Motor vehicles - 25% on reducing balance

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

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.


D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 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.

Pensions and employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid for that service.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 31 ) .

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 150,126 140,672 2,811,344 3,102,142
Additions - 667 689,402 690,069
Disposals - - (700,429 ) (700,429 )
At 31 March 2024 150,126 141,339 2,800,317 3,091,782
DEPRECIATION
At 1 April 2023 137,056 128,060 1,734,475 1,999,591
Charge for year 1,802 6,566 323,227 331,595
Eliminated on disposal - - (591,387 ) (591,387 )
At 31 March 2024 138,858 134,626 1,466,315 1,739,799
NET BOOK VALUE
At 31 March 2024 11,268 6,713 1,334,002 1,351,983
At 31 March 2023 13,070 12,612 1,076,869 1,102,551

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 701,800
Additions 550,000
At 31 March 2024 1,251,800
DEPRECIATION
At 1 April 2023 209,040
Charge for year 178,191
At 31 March 2024 387,231
NET BOOK VALUE
At 31 March 2024 864,569
At 31 March 2023 492,760

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,075,660 1,232,617
Amounts owed by group undertakings 648,654 605,310
Other debtors and prepayments 86,720 76,943
1,811,034 1,914,870

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 215,453 136,600
Trade creditors 402,850 572,909
Corporation tax - 97,703
Social security and other taxes 64,782 142,336
Other creditors 96,405 64,496
Directors' current accounts 5,188 -
784,678 1,014,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 264,411 94,786

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 215,453 136,600
Between one and five years 264,411 94,786
479,864 231,386

Non-cancellable operating leases
2024 2023
£    £   
Within one year 115,000 89,000
Between one and five years - 90,000
115,000 179,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 479,864 231,386

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 327,238 239,072

D.J.V. TRANSPORT & FORWARDING LIMITED (REGISTERED NUMBER: 01208286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 239,072
Charge to Income Statement during year 88,166
Balance at 31 March 2024 327,238

The provision for deferred taxation is made up of accelerated capital allowances.

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £7,687 unpaid contributions (2023: £1,787).

13. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 615,000