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COMPANY REGISTRATION NUMBER: 08616543
JSG HAULIER LTD
Filleted Unaudited Financial Statements
30 June 2024
JSG HAULIER LTD
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
444,159
355,101
Current assets
Debtors
6
45,253
20,059
Cash at bank and in hand
2,120
2,070
--------
--------
47,373
22,129
Creditors: amounts falling due within one year
7
210,610
150,357
---------
---------
Net current liabilities
163,237
128,228
---------
---------
Total assets less current liabilities
280,922
226,873
Creditors: amounts falling due after more than one year
8
134,450
117,547
---------
---------
Net assets
146,472
109,326
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
146,372
109,226
---------
---------
Shareholders funds
146,472
109,326
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JSG HAULIER LTD
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr J SINGH
Director
Company registration number: 08616543
JSG HAULIER LTD
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 104 MARLBOROUGH ROAD, SLOUGH, SL3 7JY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
20% reducing balance
Equipment
-
15% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 5 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 July 2023
695,346
12,050
707,396
Additions
193,250
6,075
199,325
---------
--------
---------
At 30 June 2024
888,596
18,125
906,721
---------
--------
---------
Depreciation
At 1 July 2023
346,521
5,774
352,295
Charge for the year
108,415
1,852
110,267
---------
--------
---------
At 30 June 2024
454,936
7,626
462,562
---------
--------
---------
Carrying amount
At 30 June 2024
433,660
10,499
444,159
---------
--------
---------
At 30 June 2023
348,825
6,276
355,101
---------
--------
---------
6. Debtors
2024
2023
£
£
Other debtors
45,253
20,059
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,544
5,190
Social security and other taxes
9,003
24,863
Other creditors
198,063
120,304
---------
---------
210,610
150,357
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bounce back loan
15,532
23,334
Other creditors
118,918
94,213
---------
---------
134,450
117,547
---------
---------
9. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
10. Related party transactions
The company was under the control of Mr J SINGH throughout the current year. Mr J SINGH is the managing director and 100% shareholder.