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REGISTERED NUMBER: 11413609 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

John Newman Transport Limited

John Newman Transport Limited (Registered number: 11413609)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John Newman Transport Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: John Newman





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 11413609 (England and Wales)





ACCOUNTANTS: Vellender Lewis Accountants Limited
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

John Newman Transport Limited (Registered number: 11413609)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,930 19,967

CURRENT ASSETS
Stocks 2,772 -
Debtors 5 31,030 18,936
Cash at bank 7,105 9,518
40,907 28,454
CREDITORS
Amounts falling due within one year 6 26,741 27,519
NET CURRENT ASSETS 14,166 935
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,096

20,902

CREDITORS
Amounts falling due after more than one
year

7

(44,669

)

(15,236

)

PROVISIONS FOR LIABILITIES (7,397 ) (3,794 )
NET ASSETS 1,030 1,872

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 930 1,772
SHAREHOLDERS' FUNDS 1,030 1,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

John Newman Transport Limited (Registered number: 11413609)

Statement of Financial Position - continued
30 June 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 24 October 2024 and were signed by:





John Newman - Director


John Newman Transport Limited (Registered number: 11413609)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

John Newman 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

John Newman Transport Limited (Registered number: 11413609)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 45,000
Additions 45,800
Disposals (45,000 )
At 30 June 2024 45,800
DEPRECIATION
At 1 July 2023 25,033
Charge for year 6,870
Eliminated on disposal (25,033 )
At 30 June 2024 6,870
NET BOOK VALUE
At 30 June 2024 38,930
At 30 June 2023 19,967

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,030 3,936
Other debtors 28,000 15,000
31,030 18,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 3,856 3,525
Hire purchase contracts 7,037 -
Trade creditors - 251
Taxation and social security 14,040 22,303
Other creditors 1,808 1,440
26,741 27,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 11,724 15,236
Hire purchase contracts 32,945 -
44,669 15,236

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr John Newman by virtue of a major shareholding.