Registered number
12050946
JRS Logistics Ltd
Filleted Accounts
30 June 2024
JRS Logistics Ltd
Registered number: 12050946
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,593 1,593
Current assets
Stocks 104,830 51,099
Debtors 4 4,534 -
Cash at bank and in hand 7,905 10,187
117,269 61,286
Creditors: amounts falling due within one year 5 (75,640) (40,194)
Net current assets 41,629 21,092
Total assets less current liabilities 43,222 22,685
Creditors: amounts falling due after more than one year 6 (27,282) (32,200)
Net assets/(liabilities) 15,940 (9,515)
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,840 (9,615)
Shareholder's funds 15,940 (9,515)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Newsholme
Director
Approved by the board on 27 March 2025
JRS Logistics Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 593 1,000 1,593
At 30 June 2024 593 1,000 1,593
Depreciation
At 30 June 2024 - - -
Net book value
At 30 June 2024 593 1,000 1,593
At 30 June 2023 593 1,000 1,593
4 Debtors 2024 2023
£ £
Trade debtors 4,534 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,951 5,547
Trade creditors 43,954 20,575
Taxation and social security costs 7,591 9,074
Other creditors 17,144 4,998
75,640 40,194
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,282 32,200
7 Other information
JRS Logistics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o Kadel Solutions Limited
5 Castle Mount Offices
Axminster
Devon
EX13 5NH
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