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Company Registration No. 07869802 (England and Wales)
J Kelly Logistics Ltd Unaudited accounts for the year ended 31 December 2024
J Kelly Logistics Ltd Unaudited accounts Contents
Page
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J Kelly Logistics Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,147 
176,788 
Current assets
Debtors
35,798 
27,254 
Cash at bank and in hand
40,433 
59,235 
76,231 
86,489 
Creditors: amounts falling due within one year
(104,058)
(83,378)
Net current (liabilities)/assets
(27,827)
3,111 
Total assets less current liabilities
152,320 
179,899 
Creditors: amounts falling due after more than one year
(100,025)
(119,034)
Provisions for liabilities
Deferred tax
(33,067)
(32,819)
Net assets
19,228 
28,046 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
19,218 
28,036 
Shareholders' funds
19,228 
28,046 
For the year ending 31 December 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 18 February 2025 and were signed on its behalf by
J Kelly Director Company Registration No. 07869802
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J Kelly Logistics Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
J Kelly Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 07869802. The registered office is 3 WORDSWORTH AVENUE, EATON FORD, ST. NEOTS, CAMBRIDGESHIRE, PE19 7RA.
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.
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 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
12.5% to 33%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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J Kelly Logistics Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
56,374 
At 31 December 2024
56,374 
Amortisation
At 1 January 2024
56,374 
At 31 December 2024
56,374 
Net book value
At 31 December 2024
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
342,767 
Additions
65,500 
At 31 December 2024
408,267 
Depreciation
At 1 January 2024
165,979 
Charge for the year
62,141 
At 31 December 2024
228,120 
Net book value
At 31 December 2024
180,147 
At 31 December 2023
176,788 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,952 
19,128 
Other debtors
7,846 
8,126 
35,798 
27,254 
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J Kelly Logistics Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
17,714 
10,203 
Obligations under finance leases and hire purchase contracts
70,764 
56,570 
Trade creditors
- 
74 
Taxes and social security
3,269 
4,050 
Other creditors
249 
- 
Loans from directors
137 
1,156 
Accruals
1,925 
1,325 
104,058 
83,378 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,000 
15,000 
Obligations under finance leases and hire purchase contracts
95,025 
104,034 
100,025 
119,034 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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