1 June 2023 false No description of principal activity Taxfiler 2024.6 09612721business:PrivateLimitedCompanyLtd2023-06-012024-05-31 096127212023-05-31 096127212023-06-012024-05-31 09612721business:AuditExemptWithAccountantsReport2023-06-012024-05-31 09612721business:FilletedAccounts2023-06-012024-05-31 096127212024-05-31 09612721business:Director12023-06-012024-05-31 09612721business:Director22023-06-012024-05-31 09612721business:Director32023-06-012024-05-31 09612721business:RegisteredOffice2023-06-012024-05-31 096127212023-05-31 09612721core:WithinOneYear2024-05-31 09612721core:WithinOneYear2023-05-31 09612721core:AfterOneYear2024-05-31 09612721core:AfterOneYear2023-05-31 09612721core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 09612721core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 09612721core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 09612721core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 09612721core:PreviouslyStatedAmount2024-05-31 09612721core:PreviouslyStatedAmount2023-05-31 09612721business:SmallEntities2023-06-012024-05-31 09612721countries:EnglandWales2023-06-012024-05-31 09612721core:PlantMachinery2023-06-012024-05-31 09612721core:ComputerEquipment2023-06-012024-05-31 09612721core:PlantMachinery2023-05-31 09612721core:ComputerEquipment2023-05-31 09612721core:PlantMachinery2024-05-31 09612721core:ComputerEquipment2024-05-31 09612721core:WithinOneYear2023-06-012024-05-31 09612721core:AfterOneYear2023-06-012024-05-31 09612721business:OrdinaryShareClass12023-06-012024-05-31 09612721business:OrdinaryShareClass12022-06-012023-05-31 09612721business:OrdinaryShareClass22023-06-012024-05-31 09612721business:OrdinaryShareClass22022-06-012023-05-31 09612721business:OrdinaryShareClass32023-06-012024-05-31 09612721business:OrdinaryShareClass32022-06-012023-05-31 09612721business:AllOrdinaryShares2023-06-012024-05-31 09612721business:AllOrdinaryShares2022-06-012023-05-31 096127212022-06-012023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09612721 (England and Wales)
JLM Transport Ltd Unaudited accounts for the year ended 31 May 2024
JLM Transport Ltd Unaudited accounts Contents
Page
- 2 -
JLM Transport Ltd Company Information for the year ended 31 May 2024
Directors
John Leigh Matthew Leigh Lynn Leigh
Company Number
09612721 (England and Wales)
Registered Office
Grosvenor House Chapel Street Congleton CW12 4AB
Accountants
Wellington Consulting Ltd Fairview St Owens Cross Hereford Herefordshire HR2 8LG
- 3 -
JLM Transport Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,594 
3,276 
Current assets
Debtors
1,778,949 
864,150 
Cash at bank and in hand
1,747,376 
2,133,526 
3,526,325 
2,997,676 
Creditors: amounts falling due within one year
(634,472)
(739,099)
Net current assets
2,891,853 
2,258,577 
Total assets less current liabilities
2,893,447 
2,261,853 
Creditors: amounts falling due after more than one year
(12,747)
(22,705)
Net assets
2,880,700 
2,239,148 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
2,880,694 
2,239,142 
Shareholders' funds
2,880,700 
2,239,148 
For the year ending 31 May 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 27 November 2024 and were signed on its behalf by
John Leigh Director Company Registration No. 09612721
- 4 -
JLM Transport Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
JLM Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 09612721. The registered office is Grosvenor House, Chapel Street, Congleton, CW12 4AB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
25% straight line
Computer equipment
33.3% straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
4,250 
6,365 
10,615 
Additions
- 
798 
798 
At 31 May 2024
4,250 
7,163 
11,413 
Depreciation
At 1 June 2023
2,125 
5,214 
7,339 
Charge for the year
1,063 
1,417 
2,480 
At 31 May 2024
3,188 
6,631 
9,819 
Net book value
At 31 May 2024
1,062 
532 
1,594 
At 31 May 2023
2,125 
1,151 
3,276 
- 5 -
JLM Transport Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
112,278 
115,735 
Trade debtors
530,895 
502,844 
Other debtors
21,776 
5,000 
664,949 
623,579 
Amounts falling due after more than one year
Other debtors
1,114,000 
240,571 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,702 
9,702 
Trade creditors
353,644 
520,619 
Taxes and social security
278,955 
250,995 
Other creditors
435 
(6,607)
Loans from directors
(11,264)
(37,142)
Accruals
3,000 
1,532 
634,472 
739,099 
In 2023, the creditors included an overdrawn director's account of £49,500 to Ashley Southern. Since resigning as a director this has been converted to a loan and shows in other debtors. The balance at the date of these accounts is £21,776.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,747 
22,705 
The amount outstanding is the amount due in more than twelve months of a Bounce Back Loan taken out in July 2020.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
1 Ordinary B Shares of £1 each
1 
1 
1 Ordinary C Shares of £1 each
1 
1 
6 
6 
- 6 -
JLM Transport Ltd Notes to the Accounts for the year ended 31 May 2024
9
Transactions with related parties
A loan was given by the company to two employee/directors, Mr M Leigh and Ms A Southern, in 2021 of £230,000 at commercial rates, with fixed repayments. Mr Leigh has been making the full repayments on behalf of himself and Ms Southern and continues to do so since she resigned as a director. The amount due at the date of these accounts was £212,600. A loan was given to JCML Properties Ltd in 2023 of £25,000. One of the directors of this company is also a director of JLM Transport Ltd. A loan was given to EES Properties Ltd of £876,400 during the year. The directors of this company are also directors 2 of the directors of JLM Transport Ltd. The above loans are shown in the accounts as debtors greater than one year.
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
- 7 -