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Registered number: 08210533
Jager Freight Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Walden Way & Co
Unit A3, Gateway Tower
32 Western Gateway
London
E16 1YL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08210533
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 143,086 154,378
143,086 154,378
CURRENT ASSETS
Debtors 5 397,799 526,424
Cash at bank and in hand 532,712 214,972
930,511 741,396
Creditors: Amounts Falling Due Within One Year 6 (587,783 ) (446,874 )
NET CURRENT ASSETS (LIABILITIES) 342,728 294,522
TOTAL ASSETS LESS CURRENT LIABILITIES 485,814 448,900
Creditors: Amounts Falling Due After More Than One Year 7 (116,207 ) (160,024 )
NET ASSETS 369,607 288,876
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 369,506 288,775
SHAREHOLDERS' FUNDS 369,607 288,876
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Giedrius Meskauskas
Director
05/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jager Freight Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08210533 . The registered office is Unit A3, Gateway Tower, 32 Western Gateway, London, E16 1YL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 17,957 415,864 22,847 456,668
Additions 31,042 54,650 - 85,692
As at 30 September 2024 48,999 470,514 22,847 542,360
Depreciation
As at 1 October 2023 10,217 273,110 18,963 302,290
Provided during the period 9,523 83,577 3,884 96,984
As at 30 September 2024 19,740 356,687 22,847 399,274
Net Book Value
As at 30 September 2024 29,259 113,827 - 143,086
As at 1 October 2023 7,740 142,754 3,884 154,378
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 328,175 433,276
Prepayments and accrued income 49,777 67,980
Other debtors 2 203
VAT 19,845 24,965
397,799 526,424
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 94,765 72,095
Trade creditors 261,165 202,566
Bank loans and overdrafts 9 9
Corporation tax 45,537 29,259
Other taxes and social security 15,634 10,963
Net wages 46,536 31,969
Pension payable (Current liabilities - creditors < 1 year) 2,274 1,997
Accruals and deferred income 4,556 4,409
Directors' loan accounts 117,307 93,607
587,783 446,874
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 97,874 131,690
Bounce back Loan (Long term liabilities - creditors > 1 year) 18,333 28,334
116,207 160,024
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 94,765 72,095
Later than one year and not later than five years 97,874 131,690
192,639 203,785
192,639 203,785
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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