Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08066223 Mrs Julie Lockwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08066223 2023-05-31 08066223 2024-05-31 08066223 2023-06-01 2024-05-31 08066223 frs-core:CurrentFinancialInstruments 2024-05-31 08066223 frs-core:Non-currentFinancialInstruments 2024-05-31 08066223 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08066223 frs-core:MotorVehicles 2024-05-31 08066223 frs-core:MotorVehicles 2023-06-01 2024-05-31 08066223 frs-core:MotorVehicles 2023-05-31 08066223 frs-core:PlantMachinery 2024-05-31 08066223 frs-core:PlantMachinery 2023-06-01 2024-05-31 08066223 frs-core:PlantMachinery 2023-05-31 08066223 frs-core:ShareCapital 2024-05-31 08066223 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08066223 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08066223 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08066223 frs-bus:SmallEntities 2023-06-01 2024-05-31 08066223 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08066223 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08066223 frs-bus:Director1 2023-06-01 2024-05-31 08066223 frs-countries:EnglandWales 2023-06-01 2024-05-31 08066223 2022-05-31 08066223 2023-05-31 08066223 2022-06-01 2023-05-31 08066223 frs-core:CurrentFinancialInstruments 2023-05-31 08066223 frs-core:Non-currentFinancialInstruments 2023-05-31 08066223 frs-core:ShareCapital 2023-05-31 08066223 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08066223
GJL Transport Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08066223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,914 32,318
21,914 32,318
CURRENT ASSETS
Debtors 5 6,756 7,757
Cash at bank and in hand 1,967 1,242
8,723 8,999
Creditors: Amounts Falling Due Within One Year 6 (18,365 ) (22,902 )
NET CURRENT ASSETS (LIABILITIES) (9,642 ) (13,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,272 18,415
Creditors: Amounts Falling Due After More Than One Year 7 (11,607 ) (16,620 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (576 ) (1,766 )
NET ASSETS 89 29
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 87 27
SHAREHOLDERS' FUNDS 89 29
Page 1
Page 2
For the year ending 31 May 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 her 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
Mrs Julie Lockwood
Director
16/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GJL Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08066223 . The registered office is 28 Green Bank Park, Higher Road, Longridge , Preston, PR3 2XY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis. Because of the excess of liabilities over assets at the accounting date, this basis is only valid if the Company continues to receive the support of its creditors and accordingly depends thereon for its continuing operational existence. The financial statements do not include any adjustments that might otherwise result.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.4. 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:
Plant & Machinery 25% Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Straight Line
2.5. 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.
Page 3
Page 4
2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 4,825 79,400 84,225
Additions 743 - 743
As at 31 May 2024 5,568 79,400 84,968
Depreciation
As at 1 June 2023 3,134 48,773 51,907
Provided during the period 1,393 9,754 11,147
As at 31 May 2024 4,527 58,527 63,054
Net Book Value
As at 31 May 2024 1,041 20,873 21,914
As at 1 June 2023 1,691 30,627 32,318
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,756 6,588
Director's loan account - 1,169
6,756 7,757
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 11,271
Trade creditors 1,794 1,110
Bank loans and overdrafts 4,542 3,297
Corporation tax 1,649 1,393
Other taxes and social security 14 228
VAT 3,787 4,228
Net wages 4,884 -
Accruals and deferred income 1,444 1,375
Director's loan account 251 -
18,365 22,902
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,607 16,620
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5