IRIS Accounts Production v25.1.0.734 SC738080 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7380802023-07-31SC7380802024-07-31SC7380802023-08-012024-07-31SC7380802022-07-11SC7380802022-07-122023-07-31SC7380802023-07-31SC738080ns15:Scotland2023-08-012024-07-31SC738080ns14:PoundSterling2023-08-012024-07-31SC738080ns10:Director12023-08-012024-07-31SC738080ns10:PrivateLimitedCompanyLtd2023-08-012024-07-31SC738080ns10:SmallEntities2023-08-012024-07-31SC738080ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-31SC738080ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-31SC738080ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-31SC738080ns10:FullAccounts2023-08-012024-07-31SC738080ns10:OrdinaryShareClass12023-08-012024-07-31SC738080ns10:Director22023-08-012024-07-31SC738080ns10:RegisteredOffice2023-08-012024-07-31SC738080ns5:CurrentFinancialInstruments2024-07-31SC738080ns5:CurrentFinancialInstruments2023-07-31SC738080ns5:ShareCapital2024-07-31SC738080ns5:ShareCapital2023-07-31SC738080ns5:RetainedEarningsAccumulatedLosses2024-07-31SC738080ns5:RetainedEarningsAccumulatedLosses2023-07-31SC738080ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31SC738080ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31SC738080ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: SC738080 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

JTM LOGISTICS LTD

JTM LOGISTICS LTD (REGISTERED NUMBER: SC738080)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JTM LOGISTICS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: J U Ferguson
T Jenkins





REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KA7 2AY





REGISTERED NUMBER: SC738080 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

JTM LOGISTICS LTD (REGISTERED NUMBER: SC738080)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 15,577 23,788
Cash at bank and in hand 469 2,286
16,046 26,074
CREDITORS
Amounts falling due within one year 5 6,234 12,793
NET CURRENT ASSETS 9,812 13,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,812

13,281

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 9,712 13,181
SHAREHOLDERS' FUNDS 9,812 13,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





T Jenkins - Director


JTM LOGISTICS LTD (REGISTERED NUMBER: SC738080)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

JTM Logistics Ltd is a private company, limited by shares , registered in Scotland. 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates. It also requires the directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JTM LOGISTICS LTD (REGISTERED NUMBER: SC738080)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Change in reporting period and impact on comparability
The financial statements for the current accounting year are from 01 August 2023 to 31 July 2024. The comparative amounts (including the related notes) presented in the financial statements are for a period more than one year and therefore not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,835 21,120
Other debtors 2,742 2,668
15,577 23,788

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,838 6,452
Taxation and social security 21 4,966
Other creditors 1,375 1,375
6,234 12,793

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100