J M HALL COURIERS LTD

Company Registration Number:
07642998 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

J M HALL COURIERS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

J M HALL COURIERS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,519,082 1,581,348
Total fixed assets: 1,519,082 1,581,348
Current assets
Debtors:   1,807,353 1,833,383
Cash at bank and in hand: 4,654 34,222
Total current assets: 1,812,007 1,867,605
Creditors: amounts falling due within one year: 4 (1,449,875) (1,384,213)
Net current assets (liabilities): 362,132 483,392
Total assets less current liabilities: 1,881,214 2,064,740
Creditors: amounts falling due after more than one year:   (373,650) (648,872)
Provision for liabilities: (209,304) (195,684)
Total net assets (liabilities): 1,298,260 1,220,184
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,298,160 1,220,084
Shareholders funds: 1,298,260 1,220,184

The notes form part of these financial statements

J M HALL COURIERS LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 October 2024
and signed on behalf of the board by:

Name: R Hall
Status: Director

The notes form part of these financial statements

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less it's residual value, over the useful economic life of that asset is as follows: Fixtures, fittings & equipment - 20% straight line Motor vehicles - 15% reducing balance

Other accounting policies

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 8 40

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 2,158,459
Additions 274,027
At 31 October 2023 2,432,486
Depreciation
At 01 November 2022 577,111
Charge for year 336,293
At 31 October 2023 913,404
Net book value
At 31 October 2023 1,519,082
At 31 October 2022 1,581,348

Included within the net book value is £1,408,701 (2022:£1,403,203) relating to assets held under hire purchase agreements.

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Included in other creditors under 1 year are hire purchase liabilities, totalling £144,162 (2022:£359,432) and over 1 year totalling £289,997 (2022:£501,256) which are secured upon the assets to which they relate.

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Loans to directors

Name of director receiving advance or credit: J Hall
Description of the loan: During the year the directors entered into the following advances and credits with the company:
£
Balance at 01 November 2022 3,122
Advances or credits made: 10,275
Advances or credits repaid: 3,122
Balance at 31 October 2023 10,275

J M HALL COURIERS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Related party transactions

Name of the related party: Connected companies
Relationship:
Controlled by the directors
Description of the Transaction: The company loaned and was loaned funds by connected companies which are controlled by the directors.
£
Balance at 01 November 2022 271,648
Balance at 31 October 2023 408,524