Registered number
11321396
Jone's Hauliers Limited
Filleted Accounts
30 April 2024
Jone's Hauliers Limited
Registered number: 11321396
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,200 88,549
Current assets
Debtors 4 - 1,421
Cash at bank and in hand 8,538 13,259
8,538 14,680
Creditors: amounts falling due within one year 5 (18,748) (15,909)
Net current liabilities (10,210) (1,229)
Total assets less current liabilities 62,990 87,320
Creditors: amounts falling due after more than one year 6 (9,940) (18,235)
Net assets 53,050 69,085
Capital and reserves
Called up share capital 2 2
Profit and loss account 53,048 69,083
Shareholders' funds 53,050 69,085
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Jones
Director
Approved by the board on 9 September 2024
Jone's Hauliers Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehciles 25% reducing balance
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 2,572 150,971 153,543
At 30 April 2024 2,572 150,971 153,543
Depreciation
At 1 May 2023 937 64,057 64,994
Charge for the year 100 15,249 15,349
At 30 April 2024 1,037 79,306 80,343
Net book value
At 30 April 2024 1,535 71,665 73,200
At 30 April 2023 1,635 86,914 88,549
4 Debtors 2024 2023
£ £
Trade debtors - 1,421
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,295 8,295
Trade creditors 7,861 1,703
Taxation and social security costs 1,905 2,098
Other creditors 687 3,813
18,748 15,909
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 9,940 18,235
7 Other information
Jone's Hauliers Limited is a private company limited by shares and incorporated in England. Its registered office is:
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