Company Registration No. SC685767 (Scotland)
JJMM LOGISTICS LIMITED
Unaudited accounts
for the year ended 31 January 2024
JJMM LOGISTICS LIMITED
Unaudited accounts
Contents
JJMM LOGISTICS LIMITED
Company Information
for the year ended 31 January 2024
Directors
MARCIN PANAS
MICHAL ZYMELKA
Company Number
SC685767 (Scotland)
Accountants
Athena Accountancy Ltd
235 Bushbury Lane
Wolverhampton
West Midlands
WV10 9TY
JJMM LOGISTICS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
300,381
155,826
Cash at bank and in hand
409,261
368,183
Creditors: amounts falling due within one year
(251,639)
(219,237)
Net current assets
568,618
419,885
Total assets less current liabilities
868,999
575,711
Creditors: amounts falling due after more than one year
(44,242)
-
Net assets
824,757
575,711
Called up share capital
2
2
Profit and loss account
824,755
575,709
Shareholders' funds
824,757
575,711
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
MARCIN PANAS
Director
Company Registration No. SC685767
JJMM LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
JJMM LOGISTICS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC685767.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Computer equipment
18% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
210,810
1,643
212,453
Additions
209,040
1,452
210,492
At 31 January 2024
419,850
3,095
422,945
At 1 February 2023
56,331
296
56,627
Charge for the year
65,433
504
65,937
At 31 January 2024
121,764
800
122,564
At 31 January 2024
298,086
2,295
300,381
At 31 January 2023
154,479
1,347
155,826
JJMM LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
389,147
257,480
Accrued income and prepayments
12,831
13,459
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,383
8,728
Trade creditors
58,095
18,643
Taxes and social security
32,841
81,134
Other creditors
3,807
2,062
Loans from directors
105,559
78,566
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
44,242
-
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).