Company registration number 06969610 (England and Wales)
JACONELLI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
JACONELLI LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
JACONELLI LTD (REGISTERED NUMBER: 06969610)
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
981,183
871,931
Investments
4
202
302
981,385
872,233
Current assets
Debtors
6
35,110
51,456
Cash at bank and in hand
4,019
2,861
39,129
54,317
Creditors: amounts falling due within one year
7
(389,016)
(362,539)
Net current liabilities
(349,887)
(308,222)
Total assets less current liabilities
631,498
564,011
Creditors: amounts falling due after more than one year
8
(329,740)
(343,743)
Net assets
301,758
220,268
Capital and reserves
Called up share capital
201
201
Profit and loss reserves
301,557
220,067
Total equity
301,758
220,268
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
JACONELLI LTD (REGISTERED NUMBER: 06969610)
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
Mr D B Jaconelli
Director
JACONELLI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
Jaconelli Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, England, WC2R 0LT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:
The amount of turnover can be measured reliably
It is probable that the company will receive the consideration due under the contract
The stage of completion of the contract at the end of the reporting period can be measured reliably
The costs incurred and the costs to complete the contract can be measured reliably
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
2% Straight Line
Leasehold improvements
2% Straight Line
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
JACONELLI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
JACONELLI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Land and buildings Leasehold
Leasehold improvements
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023
591,715
195,568
125,260
912,543
Additions
85,657
3,663
65,480
154,800
At 31 December 2023
591,715
281,225
3,663
190,740
1,067,343
Depreciation and impairment
At 1 January 2023
14,793
856
24,963
40,612
Depreciation charged in the year
11,834
5,224
687
27,803
45,548
At 31 December 2023
26,627
6,080
687
52,766
86,160
Carrying amount
At 31 December 2023
565,088
275,145
2,976
137,974
981,183
At 31 December 2022
576,922
194,712
100,297
871,931
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
202
302
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
302
Disposals
(100)
At 31 December 2023
202
Carrying amount
At 31 December 2023
202
At 31 December 2022
302
5
Subsidiaries
Details of the company's subsidiaries at 31 December 2023 are as follows:
JACONELLI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Subsidiaries
(Continued)
- 6 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Excel Couriers Limited
4th Floor, 399-401 Strand, London, WC2R 0LP
Ordinary
100.00
London Taxis and Private Hire Ltd
4th Floor, 399-401 Strand, London, WC2R 0LP
Ordinary
100.00
Urgent Delivery Couriers Limited
4th Floor, 399-401 Strand, London, WC2R 0LP
Ordinary
100.00
Urgent Services Limited
4th Floor, 399-401 Strand, London, WC2R 0LP
Ordinary
100.00
On 31 January 2023, Document Production Centre Limited was formally dissolved, with the relevant notices being posted with Companies House at this date.
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
35,110
51,456
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
16,085
15,399
Trade creditors
16,065
8,138
Amounts owed to group undertakings and undertakings in which the company has a participating interest
612
81,000
Taxation and social security
39,391
69,557
Other creditors
316,863
188,445
389,016
362,539
The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
257,917
274,686
Other creditors
71,823
69,057
329,740
343,743
The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.
JACONELLI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8
Creditors: amounts falling due after more than one year
(Continued)
- 7 -
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
186,411
199,362
9
Securities
This company, along with two group companies, have entered into a cross guarantee facility with the group's bank whereby each company guarantees the loans and overdrafts of the fellow group companies.
At 31 December 2023, the balances owed by the other companies, guaranteed by this company amounts to £274,002.
All assets of the company are subject to fixed and floating charges under this facility.