BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is freight transport by road. 20 March 2025 NI604530 2024-09-30 NI604530 2023-09-30 NI604530 2022-09-30 NI604530 2023-10-01 2024-09-30 NI604530 2022-10-01 2023-09-30 NI604530 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI604530 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI604530 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI604530 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI604530 uk-bus:Director1 2023-10-01 2024-09-30 NI604530 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI604530 uk-bus:Agent1 2023-10-01 2024-09-30 NI604530 uk-core:ShareCapital 2024-09-30 NI604530 uk-core:ShareCapital 2023-09-30 NI604530 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI604530 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI604530 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI604530 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI604530 uk-bus:FRS102 2023-10-01 2024-09-30 NI604530 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI604530 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI604530 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI604530 uk-core:CurrentFinancialInstruments 2024-09-30 NI604530 uk-core:CurrentFinancialInstruments 2023-09-30 NI604530 uk-core:CurrentFinancialInstruments 2024-09-30 NI604530 uk-core:CurrentFinancialInstruments 2023-09-30 NI604530 uk-core:WithinOneYear 2024-09-30 NI604530 uk-core:WithinOneYear 2023-09-30 NI604530 uk-core:WithinOneYear 2024-09-30 NI604530 uk-core:WithinOneYear 2023-09-30 NI604530 uk-core:AfterOneYear 2024-09-30 NI604530 uk-core:AfterOneYear 2023-09-30 NI604530 uk-core:BetweenOneFiveYears 2024-09-30 NI604530 uk-core:BetweenOneFiveYears 2023-09-30 NI604530 2023-10-01 2024-09-30 NI604530 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
JPN Logistics Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
JPN Logistics Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Philip Nugent
 
 
Company Registration Number NI604530
 
 
Registered Office and Business Address Unit 10
Enterprise Cresent
Lisburn
Co. Antrim
BT28 2BP
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Ulster Bank
  14-16 Market Street
  Lurgan
  Co. Armagh
  BT66 6AP
  United Kingdom



JPN Logistics Ltd
Company Registration Number: NI604530
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 124,871 85,182
───────── ─────────
 
Current Assets
Debtors 5 248,410 218,903
Cash and cash equivalents 235,859 268,051
───────── ─────────
484,269 486,954
───────── ─────────
Creditors: amounts falling due within one year 6 (194,368) (175,905)
───────── ─────────
Net Current Assets 289,901 311,049
───────── ─────────
Total Assets less Current Liabilities 414,772 396,231
 
Creditors:
amounts falling due after more than one year 7 (22,871) (35,408)
───────── ─────────
Net Assets 391,901 360,823
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 391,899 360,821
───────── ─────────
Equity attributable to owners of the company 391,901 360,823
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 20 March 2025
           
           
________________________________          
Philip Nugent          
Director          
           



JPN Logistics Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
JPN Logistics Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI604530. The registered office of the company is Unit 10, Enterprise Cresent, Lisburn, Co. Antrim, BT28 2BP which is also the principal place of business of the company. The principal activity of the company is freight transport by road. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 11, (2023 - 11).
 
  2024 2023
  Number Number
 
Director 1 1
Employees 10 10
  ───────── ─────────
  11 11
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 October 2023 86,752 11,416 200,625 298,793
Additions 51,350 5,939 12,127 69,416
Disposals - - (6,500) (6,500)
  ───────── ───────── ───────── ─────────
At 30 September 2024 138,102 17,355 206,252 361,709
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 17,350 9,016 187,245 213,611
Charge for the financial year 20,879 1,788 4,460 27,127
On disposals - - (3,900) (3,900)
  ───────── ───────── ───────── ─────────
At 30 September 2024 38,229 10,804 187,805 236,838
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 99,873 6,551 18,447 124,871
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 69,402 2,400 13,380 85,182
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 229,016 170,439
Amounts owed by group undertakings 4,500 -
Director's current account (Note 10) - 31,505
Taxation  (Note 8) 14,894 16,959
  ───────── ─────────
  248,410 218,903
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 18,372 17,481
Trade creditors 124,307 101,933
Taxation  (Note 8) 41,238 18,501
Director's current account 7,951 35,490
Accruals 2,500 2,500
  ───────── ─────────
  194,368 175,905
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 22,871 35,408
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 18,372 17,481
Repayable between one and five years 22,871 35,408
  ───────── ─────────
  41,243 52,889
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 14,894 16,959
  ═════════ ═════════
Creditors:
Corporation tax 32,020 7,618
PAYE / NI 9,218 10,883
  ───────── ─────────
  41,238 18,501
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
10. Director's advances, credits and guarantees
 
During the last financial year there was a loan to the director amounting to £31,505. This loan was repaid on 30th September 2024.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.