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REGISTERED NUMBER: 03612949 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jentone Freight Limited

Jentone Freight Limited (Registered number: 03612949)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jentone Freight Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A W Hill
Mrs J A Hill





SECRETARY: Mrs J A Hill





REGISTERED OFFICE: John Boyle Road
South Tees Freight Park
South Bank
Middlesbrough
TS6 6TY





REGISTERED NUMBER: 03612949 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Jentone Freight Limited (Registered number: 03612949)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,483,198 1,434,510

CURRENT ASSETS
Stocks 15,328 28,340
Debtors 5 573,436 813,513
Cash at bank 2,312,212 2,128,695
2,900,976 2,970,548
CREDITORS
Amounts falling due within one year 6 484,895 628,242
NET CURRENT ASSETS 2,416,081 2,342,306
TOTAL ASSETS LESS CURRENT LIABILITIES 3,899,279 3,776,816

CREDITORS
Amounts falling due after more than one
year

7

(13,930

)

(60,599

)

PROVISIONS FOR LIABILITIES (137,000 ) (149,000 )
NET ASSETS 3,748,349 3,567,217

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 3,748,347 3,567,215
SHAREHOLDERS' FUNDS 3,748,349 3,567,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Jentone Freight Limited (Registered number: 03612949)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mrs J A Hill - Director


Jentone Freight Limited (Registered number: 03612949)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jentone Freight 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Jentone Freight Limited (Registered number: 03612949)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 900,285 889,978 1,361,392 12,382 3,164,037
Additions 103,650 102,000 99,000 - 304,650
Disposals - (30,164 ) - - (30,164 )
At 31 December 2023 1,003,935 961,814 1,460,392 12,382 3,438,523
DEPRECIATION
At 1 January 2023 40,056 630,137 1,049,605 9,729 1,729,527
Charge for year 8,808 100,096 143,815 1,631 254,350
Eliminated on disposal - (28,552 ) - - (28,552 )
At 31 December 2023 48,864 701,681 1,193,420 11,360 1,955,325
NET BOOK VALUE
At 31 December 2023 955,071 260,133 266,972 1,022 1,483,198
At 31 December 2022 860,229 259,841 311,787 2,653 1,434,510

Included in freehold land & buildings is land valued at £468,705 which is not depreciated.

Included in tangible fixed assets are assets held under hire purchase with an aggregate net book value of £201,780 (2021 - £89,256). Depreciation charged on these assets during the year amounted to £105,348 (2021 - £65,970).

Jentone Freight Limited (Registered number: 03612949)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 528,083 772,402
Other debtors - 5,550
Prepayments & accrued income 45,353 35,561
573,436 813,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 47,203 59,008
Trade creditors 160,115 354,065
Social security and other taxes 225,467 167,482
Other creditors 5,070 4,345
Accrued expenses 47,040 43,342
484,895 628,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 13,930 60,599

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 47,203 59,008
Between one and five years 13,930 60,599
61,133 119,607

9. SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

Jentone Freight Limited (Registered number: 03612949)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £817.50 (2021 - £10,628) relating to amounts payable under operating leases.