IRIS Accounts Production v24.3.0.553 SC694124 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6941242023-03-31SC6941242024-03-31SC6941242023-04-012024-03-31SC6941242022-03-31SC6941242022-04-012023-03-31SC6941242023-03-31SC694124ns15:Scotland2023-04-012024-03-31SC694124ns14:PoundSterling2023-04-012024-03-31SC694124ns10:Director12023-04-012024-03-31SC694124ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC694124ns10:SmallEntities2023-04-012024-03-31SC694124ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC694124ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC694124ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC694124ns10:FullAccounts2023-04-012024-03-31SC694124ns10:RegisteredOffice2023-04-012024-03-31SC694124ns5:CurrentFinancialInstruments2024-03-31SC694124ns5:CurrentFinancialInstruments2023-03-31SC694124ns5:ShareCapital2024-03-31SC694124ns5:ShareCapital2023-03-31SC694124ns5:RetainedEarningsAccumulatedLosses2024-03-31SC694124ns5:RetainedEarningsAccumulatedLosses2023-03-31SC694124ns5:PlantMachinery2023-03-31SC694124ns5:PlantMachinery2023-04-012024-03-31SC694124ns5:PlantMachinery2024-03-31SC694124ns5:PlantMachinery2023-03-31SC694124ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC694124ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC6941241ns10:Director12023-03-31SC6941241ns10:Director12022-03-31SC6941241ns10:Director12023-04-012024-03-31SC6941241ns10:Director12022-04-012023-03-31SC6941241ns10:Director12024-03-31SC6941241ns10:Director12023-03-31
REGISTERED NUMBER: SC694124 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

KJA Freight Limited

KJA Freight Limited (Registered number: SC694124)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KJA Freight Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs N L Connor





REGISTERED OFFICE: 15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB





REGISTERED NUMBER: SC694124 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

KJA Freight Limited (Registered number: SC694124)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,147 47,481

CURRENT ASSETS
Debtors 5 31,208 142,075
Cash at bank and in hand 10,654 65,991
41,862 208,066
CREDITORS
Amounts falling due within one year 6 56,342 110,378
NET CURRENT (LIABILITIES)/ASSETS (14,480 ) 97,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,667

145,169

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 50,566 145,068
50,667 145,169

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

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

The director acknowledges her 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.

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 21 November 2024 and were signed by:



Mrs N L Connor - Director


KJA Freight Limited (Registered number: SC694124)

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

1. STATUTORY INFORMATION

KJA Freight Limited is a private company, limited by shares , registered in Scotland. 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.

Plant & Machinery - 20% reducing balance

Computer Equipment - 33% straight line

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KJA Freight Limited (Registered number: SC694124)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 51,954
Additions 45,000
Disposals (15,000 )
At 31 March 2024 81,954
DEPRECIATION
At 1 April 2023 4,473
Charge for year 16,327
Eliminated on disposal (3,993 )
At 31 March 2024 16,807
NET BOOK VALUE
At 31 March 2024 65,147
At 31 March 2023 47,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 29,910 140,040
Other debtors 1,298 2,035
31,208 142,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 30,784 56,658
Taxation and social security 16,323 50,391
Other creditors 9,235 3,329
56,342 110,378

KJA Freight Limited (Registered number: SC694124)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mrs N L Connor
Balance outstanding at start of year 315 -
Amounts advanced 311 461
Amounts repaid (3,089 ) (146 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,463 ) 315

The highest amount outstanding throughout the year was £537 (2023: £315). By the end of the year the company owed Mrs Connor, the company Director, £2,462.