PJL Freight Solutions Limited
Registered number: 06501913
Balance Sheet
as at 31 May 2024
31-Jul
Notes 2024 2023
£ £
Current assets
Debtors 3 161 183,797
Cash at bank and in hand 6,598 20,716
6,759 204,513
Creditors: amounts falling due within one year 4 (6,659) (96,285)
Net current assets 100 108,228
Net assets 100 108,228
Capital and reserves
Called up share capital 100 100
Profit and loss account - 108,128
Shareholders' funds 100 108,228
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S K Beechener
Director
Approved by the board on 27 November 2024
PJL Freight Solutions Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprise revenue earned from the provision of services which are recognised when the service is performed.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Debtors 2024 2023
£ £
Trade debtors - 183,797
Corporation Tax Recoverable 161 -
161 183,797
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 90,947
Amounts owed to group undertakings 6,659 -
Corporation Tax - 5,338
6,659 96,285
5 Controlling party
The Company is a wholly owned subsidiary of Simpex Express Limited, a company incorporated in England & Wales.The registered office of the company is The Lodge, Castle Bromwich Hall, Cheater Road, Castle Bromwich, West Midlands. B36 9DE.
6 Other information
PJL Freight Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Lodge
Chester Road Castle Bromwich
Birmingham
West Midlands
B36 9DE
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