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Registration number: 11581257

J&J Freight Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

J&J Freight Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

J&J Freight Services Limited

Company Information

Director

Mr J W Taylor

Registered office

Beechcroft Stables
Milton Park
Stroude Road
Egham
Surrey
TW20 9UW

Accountants

Ardmore Accountancy Limited
Chartered Certified Accountants
Suite 2
Jupiter Business Suites
30a Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7DA

 

J&J Freight Services Limited

(Registration number: 11581257)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

193,699

217,530

Current assets

 

Debtors

5

187,433

117,851

Cash at bank and in hand

 

3,456

44

 

190,889

117,895

Creditors: Amounts falling due within one year

6

(331,489)

(281,466)

Net current liabilities

 

(140,600)

(163,571)

Total assets less current liabilities

 

53,099

53,959

Creditors: Amounts falling due after more than one year

6

(8,842)

(81,618)

Net assets/(liabilities)

 

44,257

(27,659)

Capital and reserves

 

Called up share capital

101

101

Retained earnings

44,156

(27,760)

Shareholders' funds/(deficit)

 

44,257

(27,659)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 June 2025
 

Mr J W Taylor
Director

   
     
 

J&J Freight Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beechcroft Stables
Milton Park
Stroude Road
Egham
Surrey
TW20 9UW

These financial statements were authorised for issue by the director on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance basis

Plant and machinery

20% reducing balance basis

 

J&J Freight Services Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

 

J&J Freight Services Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

J&J Freight Services Limited

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

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

60,220

302,773

362,993

Additions

-

37,000

37,000

Disposals

-

(26,500)

(26,500)

At 30 September 2024

60,220

313,273

373,493

Depreciation

At 1 October 2023

27,589

117,874

145,463

Charge for the year

6,526

36,774

43,300

Eliminated on disposal

-

(8,969)

(8,969)

At 30 September 2024

34,115

145,679

179,794

Carrying amount

At 30 September 2024

26,105

167,594

193,699

At 30 September 2023

32,631

184,899

217,530

5

Debtors

Current

2024
£

2023
£

Trade debtors

160,395

93,494

Prepayments

1,822

-

Other debtors

25,216

24,357

 

187,433

117,851

 

J&J Freight Services Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

52,683

73,543

Trade creditors

 

57,339

54,747

Amounts owed to related parties

35,985

40,904

Taxation and social security

 

23,749

5,722

Accruals and deferred income

 

13,468

29,223

Other creditors

 

148,265

77,327

 

331,489

281,466

Creditors include other creditors which are secured of £140,717 (2023 - £77,282).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

8,842

41,618

Other non-current financial liabilities

 

-

40,000

 

8,842

81,618

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

13,311

Hire purchase contracts

8,842

28,307

8,842

41,618

Current loans and borrowings

2024
£

2023
£

Bank borrowings

22,953

10,648

Hire purchase contracts

29,730

62,895

52,683

73,543