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REGISTERED NUMBER: 05523581 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

N J FREIGHT LIMITED

N J FREIGHT LIMITED (REGISTERED NUMBER: 05523581)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


N J FREIGHT LIMITED

COMPANY INFORMATION
for the year ended 31 AUGUST 2024







DIRECTOR: N N J Hamblin





SECRETARY: J M Hamblin





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 05523581 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

N J FREIGHT LIMITED (REGISTERED NUMBER: 05523581)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,686 3,389

CURRENT ASSETS
Debtors 5 1,661 2,626
Cash in hand 100 100
1,761 2,726
CREDITORS
Amounts falling due within one year 6 43,218 41,256
NET CURRENT LIABILITIES (41,457 ) (38,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,771

)

(35,141

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (37,772 ) (35,142 )
SHAREHOLDERS' FUNDS (37,771 ) (35,141 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 2 May 2025 and were signed by:





N N J Hamblin - Director


N J FREIGHT LIMITED (REGISTERED NUMBER: 05523581)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 AUGUST 2024

1. STATUTORY INFORMATION

N J Freight Limited 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.
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

N J FREIGHT LIMITED (REGISTERED NUMBER: 05523581)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 10,991 283 11,274
Additions 1,150 - 1,150
At 31 August 2024 12,141 283 12,424
DEPRECIATION
At 1 September 2023 7,618 267 7,885
Charge for year 849 4 853
At 31 August 2024 8,467 271 8,738
NET BOOK VALUE
At 31 August 2024 3,674 12 3,686
At 31 August 2023 3,373 16 3,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,661 2,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 939 995
Trade creditors 4,180 3,779
Taxation and social security 10,404 7,005
Other creditors 27,695 29,477
43,218 41,256

7. CONTINGENT LIABILITIES

There were no contingent liabilities as at the balance sheet date or at 31 August 2024.
.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr N. Hamblin, director, who owns 100% of the ordinary issued share capital.

9. BALANCE SHEET POSITION

The balance sheet shows an overall deficit of £37,771. The directors are satisfied that the company can meet its liabilities as they fall due as the main creditor is £26,453 due to the directors.