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REGISTERED NUMBER: 01300871 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 September 2024

for

J.O. Transport Limited

J.O. Transport Limited (Registered number: 01300871)






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


J.O. Transport Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr James Stephen Obertelli
Mr Steven Wood
Miss Louise Jane Mangan





SECRETARY: Mr James Stephen Obertelli





REGISTERED OFFICE: Wellington Works
Stopes Road
Little Lever
Bolton
Lancashire
BL3 1NP





REGISTERED NUMBER: 01300871 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

J.O. Transport Limited (Registered number: 01300871)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,119,591 1,376,414
Investments 6 250 250
1,119,841 1,376,664

CURRENT ASSETS
Stocks 10,785 8,464
Debtors 7 998,383 993,134
Cash at bank and in hand 304,606 278,456
1,313,774 1,280,054
CREDITORS
Amounts falling due within one year 8 (959,552 ) (1,041,053 )
NET CURRENT ASSETS 354,222 239,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,474,063

1,615,665

CREDITORS
Amounts falling due after more than one
year

9

(145,981

)

(271,210

)

PROVISIONS FOR LIABILITIES 12 (265,595 ) (333,057 )
NET ASSETS 1,062,487 1,011,398

CAPITAL AND RESERVES
Called up share capital 13 6,500 6,500
Share premium 147,500 147,500
Retained earnings 908,487 857,398
SHAREHOLDER FUNDS 1,062,487 1,011,398

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 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.

J.O. Transport Limited (Registered number: 01300871)

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr James Stephen Obertelli - Director


J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

J.O. Transport 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Portable Office Unit - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1986 has been fully amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 4,608
AMORTISATION
At 1 October 2023
and 30 September 2024 4,608
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Portable Fixtures
Office Plant and and Motor
Unit machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 37,920 122,061 63,293 3,189,153 3,412,427
Additions - 4,500 17,660 90,300 112,460
Disposals - - - (187,190 ) (187,190 )
At 30 September 2024 37,920 126,561 80,953 3,092,263 3,337,697
DEPRECIATION
At 1 October 2023 1,332 86,841 54,444 1,893,396 2,036,013
Charge for year 3,792 9,932 3,625 323,848 341,197
Eliminated on disposal - - - (159,104 ) (159,104 )
At 30 September 2024 5,124 96,773 58,069 2,058,140 2,218,106
NET BOOK VALUE
At 30 September 2024 32,796 29,788 22,884 1,034,123 1,119,591
At 30 September 2023 36,588 35,220 8,849 1,295,757 1,376,414

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 1,183,349
Transfer to ownership (483,941 )
At 30 September 2024 699,408
DEPRECIATION
At 1 October 2023 359,278
Charge for year 206,020
Transfer to ownership (321,246 )
At 30 September 2024 244,052
NET BOOK VALUE
At 30 September 2024 455,356
At 30 September 2023 824,071

J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 250
NET BOOK VALUE
At 30 September 2024 250
At 30 September 2023 250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 844,436 847,895
Amounts owed by group undertakings 20,943 20,943
Prepayments 133,004 124,296
998,383 993,134

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 124,118 180,790
Trade creditors 245,367 313,148
Amounts owed to group undertakings 103,329 223,144
Tax 200,680 108,262
Social security and other taxes 53,361 51,763
VAT 150,721 83,079
Other creditors 33,050 33,205
Directors' current accounts - 1,480
Accruals and deferred income 48,926 46,182
959,552 1,041,053

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 145,981 271,210

J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 124,118 180,790
Between one and five years 145,981 271,210
270,099 452,000

Non-cancellable operating leases
2024 2023
£    £   
Within one year 28,500 28,500

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 270,099 452,000

The debts are secured against the asset upon which the finance agreement relates to.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 265,595 333,057

Deferred
tax
£   
Balance at 1 October 2023 333,057
Credit to Statement of Income and Retained Earnings during year (67,462 )
Balance at 30 September 2024 265,595

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,500 Ordinary shares £1 6,500 6,500

J.O. Transport Limited (Registered number: 01300871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

14. RELATED PARTY DISCLOSURES

The premises from which the company operates its day to day business is owned by Mr J S Obertelli Snr. Rent amounting to £28,500 (2023: £28,500) was paid to Mr J S Obertelli Snr. during the period

15. ULTIMATE CONTROLLING PARTY

The controlling party is Obertelli Group Limited.

The ultimate controlling party is Mr James Stephen Obertelli.