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REGISTERED NUMBER: SC234257 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

JJ Travel Ltd

JJ Travel Ltd (Registered number: SC234257)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


JJ Travel Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J J McNairn





SECRETARY: J J McNairn





REGISTERED OFFICE: 30 Northburn Road
Coatbridge
Lanarkshire
ML5 2HY





REGISTERED NUMBER: SC234257 (Scotland)





ACCOUNTANTS: EAC Accountancy Limited
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

JJ Travel Ltd (Registered number: SC234257)

Report of the Director
for the Year Ended 31 July 2024

The director presents his report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of bus and coach operator.

DIRECTOR
J J McNairn held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J J McNairn - Secretary


6 March 2025

JJ Travel Ltd (Registered number: SC234257)

Income Statement
for the Year Ended 31 July 2024

31.7.24 31.7.23
Notes £    £   

TURNOVER 328,055 318,657

Administrative expenses 292,894 329,799
OPERATING PROFIT/(LOSS) 4 35,161 (11,142 )


Interest payable and similar
expenses

3,259

3,623
PROFIT/(LOSS) BEFORE TAXATION 31,902 (14,765 )

Tax on profit/(loss) (25,068 ) 28,481
PROFIT/(LOSS) FOR THE
FINANCIAL YEAR

56,970

(43,246

)

JJ Travel Ltd (Registered number: SC234257)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 417,657 549,593

CURRENT ASSETS
Debtors 6 331,397 150,504
Cash at bank 333,709 245,938
665,106 396,442
CREDITORS
Amounts falling due within one year 7 109,992 95,833
NET CURRENT ASSETS 555,114 300,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,771

850,202

CREDITORS
Amounts falling due after more than
one year

8

(181,518

)

(89,851

)

PROVISIONS FOR LIABILITIES (79,355 ) (104,423 )
NET ASSETS 711,898 655,928

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 711,896 655,926
711,898 655,928

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 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.

JJ Travel Ltd (Registered number: SC234257)

Balance Sheet - continued
31 July 2024


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

The financial statements were approved by the director and authorised for issue on 6 March 2025 and were signed by:





J J McNairn - Director


JJ Travel Ltd (Registered number: SC234257)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

JJ Travel 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.

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.

25% Reducing Balance

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 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.

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.

JJ Travel Ltd (Registered number: SC234257)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.7.24 31.7.23
£    £   
Depreciation - owned assets 139,221 183,192

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 1,379,842
Additions 268,746
Disposals (420,746 )
At 31 July 2024 1,227,842
DEPRECIATION
At 1 August 2023 830,249
Charge for year 139,221
Eliminated on disposal (159,285 )
At 31 July 2024 810,185
NET BOOK VALUE
At 31 July 2024 417,657
At 31 July 2023 549,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 331,397 150,504

JJ Travel Ltd (Registered number: SC234257)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 23,941 41,723
Taxation and social security 22,816 4,466
Other creditors 59,235 45,644
109,992 95,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 67,633 -
Other creditors 94,718 60,684
181,518 89,851