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REGISTERED NUMBER: 13634425 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JB HAULAGE LTD

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JB HAULAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J Burnside





REGISTERED OFFICE: Ground Floor
Finchale House
Belmont Business Park
Durham
Durham
DH1 1TW





REGISTERED NUMBER: 13634425 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,768 56,761

CURRENT ASSETS
Debtors 5 20,048 14,651
Cash at bank 41,532 46,252
61,580 60,903
CREDITORS
Amounts falling due within one year 6 93,383 80,163
NET CURRENT LIABILITIES (31,803 ) (19,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,965

37,501

CREDITORS
Amounts falling due after more than one
year

7

29,067

39,003
NET ASSETS/(LIABILITIES) 6,898 (1,502 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 6,897 (1,503 )
SHAREHOLDERS' FUNDS 6,898 (1,502 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





J Burnside - Director


JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

JB Haulage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director has considered the current profitability and future cash flows of the company for a period of more than 12 months from the date of this report. Following that review the director has concluded that the company is likely to have sufficient resources to meets its ongoing commitments. The financial statements have therefore been prepared using the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 90,383
Additions 30,500
At 30 September 2024 120,883
DEPRECIATION
At 1 October 2023 33,622
Charge for year 19,493
At 30 September 2024 53,115
NET BOOK VALUE
At 30 September 2024 67,768
At 30 September 2023 56,761

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 89,745
Additions 30,500
At 30 September 2024 120,245
DEPRECIATION
At 1 October 2023 33,307
Charge for year 19,318
At 30 September 2024 52,625
NET BOOK VALUE
At 30 September 2024 67,620
At 30 September 2023 56,438

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,045 14,170
Other debtors 9,003 481
20,048 14,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 29,533 15,326
Trade creditors 7,330 3,817
Taxation and social security 9,060 6,085
Other creditors 47,460 54,935
93,383 80,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 29,067 39,003

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 29,533 15,326
Between one and five years 29,067 39,003
58,600 54,329

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,600 54,329

The hire purchase is secured on the assets to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

JB HAULAGE LTD (REGISTERED NUMBER: 13634425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. As at the 30 September 2024 the balance outstanding was £43,812 (2023 £52,375).