IRIS Accounts Production v24.3.0.553 09393975 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093939752023-01-31093939752024-01-31093939752023-02-012024-01-31093939752022-01-31093939752022-02-012023-01-31093939752023-01-3109393975ns15:EnglandWales2023-02-012024-01-3109393975ns14:PoundSterling2023-02-012024-01-3109393975ns10:Director12023-02-012024-01-3109393975ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109393975ns10:SmallEntities2023-02-012024-01-3109393975ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3109393975ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109393975ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109393975ns10:FullAccounts2023-02-012024-01-3109393975ns10:OrdinaryShareClass12023-02-012024-01-3109393975ns10:RegisteredOffice2023-02-012024-01-3109393975ns5:CurrentFinancialInstruments2024-01-3109393975ns5:CurrentFinancialInstruments2023-01-3109393975ns5:Non-currentFinancialInstruments2024-01-3109393975ns5:Non-currentFinancialInstruments2023-01-3109393975ns5:ShareCapital2024-01-3109393975ns5:ShareCapital2023-01-3109393975ns5:RetainedEarningsAccumulatedLosses2024-01-3109393975ns5:RetainedEarningsAccumulatedLosses2023-01-3109393975ns5:PlantMachinery2023-02-012024-01-3109393975ns5:MotorVehicles2023-02-012024-01-3109393975ns5:ComputerEquipment2023-02-012024-01-3109393975ns5:PlantMachinery2023-01-3109393975ns5:MotorVehicles2023-01-3109393975ns5:ComputerEquipment2023-01-3109393975ns5:PlantMachinery2024-01-3109393975ns5:MotorVehicles2024-01-3109393975ns5:ComputerEquipment2024-01-3109393975ns5:PlantMachinery2023-01-3109393975ns5:MotorVehicles2023-01-3109393975ns5:ComputerEquipment2023-01-3109393975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109393975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109393975ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3109393975ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3109393975ns5:Secured2024-01-3109393975ns5:Secured2023-01-3109393975ns10:OrdinaryShareClass12024-01-31093939751ns10:Director12023-01-31093939751ns10:Director12022-01-31093939751ns10:Director12023-02-012024-01-31093939751ns10:Director12022-02-012023-01-31093939751ns10:Director12024-01-31093939751ns10:Director12023-01-31
REGISTERED NUMBER: 09393975 (England and Wales)














Jessi Transport Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Jessi Transport Limited (Registered number: 09393975)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Jessi Transport Limited

Company Information
for the Year Ended 31 January 2024







Director: R I Ilie





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: 16 Cock Close Road
Yaxley
Peterborough
Cambridgeshire
PE7 3HJ





Registered number: 09393975 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jessi Transport Limited


The following reproduces the text of the report prepared for the director in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jessi Transport Limited for the year ended 31 January 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jessi Transport Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jessi Transport Limited and state those matters that we have agreed to state to the director of Jessi Transport Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jessi Transport Limited and its director for our work or for this report.

It is your duty to ensure that Jessi Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jessi Transport Limited. You consider that Jessi Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jessi Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


29 October 2024

Jessi Transport Limited (Registered number: 09393975)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 670,415 633,725

Current assets
Debtors 6 143,930 134,066
Cash at bank 5,045 194
148,975 134,260
Creditors
Amounts falling due within one year 7 271,761 192,243
Net current liabilities (122,786 ) (57,983 )
Total assets less current liabilities 547,629 575,742

Creditors
Amounts falling due after more than one
year

8

(265,751

)

(364,463

)

Provisions for liabilities (167,604 ) (112,284 )
Net assets 114,274 98,995

Capital and reserves
Called up share capital 10 100 100
Retained earnings 114,174 98,895
Shareholders' funds 114,274 98,995

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

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

The director acknowledges his 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.

Jessi Transport Limited (Registered number: 09393975)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 29 October 2024 and were signed by:





R I Ilie - Director


Jessi Transport Limited (Registered number: 09393975)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statutory information

Jessi Transport 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 January 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 February 2022.

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.
Plant and machinery - 25% reducing balance
Motor vehicles - Not depreciated
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Jessi Transport Limited (Registered number: 09393975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Provisions
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 as a finance cost in profit or loss in the period it arises.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Jessi Transport Limited (Registered number: 09393975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2023 1,736 886,508 1,418 889,662
Additions 1,775 44,791 - 46,566
Disposals - (29,000 ) - (29,000 )
At 31 January 2024 3,511 902,299 1,418 907,228
Depreciation
At 1 February 2023 534 254,571 832 255,937
Charge for year 745 - 146 891
Eliminated on disposal - (20,015 ) - (20,015 )
At 31 January 2024 1,279 234,556 978 236,813
Net book value
At 31 January 2024 2,232 667,743 440 670,415
At 31 January 2023 1,202 631,937 586 633,725

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 135,405 119,175
Other debtors 1,500 1,500
S455 debtor 893 893
Directors' loan accounts 6,132 -
Prepayments - 12,498
143,930 134,066

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 25,000 43,274
Hire purchase contracts 145,455 131,576
Trade creditors 2,632 5,369
Tax 19,702 -
VAT 41,895 8,785
Other creditors 34,577 -
Directors' loan accounts - 1,059
Accruals and deferred income 2,500 2,180
271,761 192,243

Jessi Transport Limited (Registered number: 09393975)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 8,415 33,415
Hire purchase contracts 257,336 331,048
265,751 364,463

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,415 58,415
Hire purchase contracts 402,791 462,624
436,206 521,039

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R I Ilie
Balance outstanding at start of year (1,058 ) 169,873
Amounts advanced 171,050 177,867
Amounts repaid (163,870 ) (348,798 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,122 (1,058 )

The figures are aggregated. Interest rate of 2% charged to the amounts.