Registration number: SC802135

JR Transfers Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

JR Transfers Ltd

Company Information

Directors

Mr James Reid Miss Joanne Cogan

Registered office

8 Register Avenue Bellshill ML4 2HF

Accountants

Clyde Business Services 159 King Street Glasgow Lanarkshire G73 1BZ

JR Transfers Ltd

(Registration number: SC802135)
Balance Sheet as at 31 March 2025

	Note	2025 £
Fixed assets
Tangible assets	4	85,903
Current assets
Cash at bank and in hand		38,961
Creditors: Amounts falling due within one year	5	(20,678)
Net current assets		18,283
Total assets less current liabilities		104,186
Creditors: Amounts falling due after more than one year	5	(104,060)
Net assets		126
Capital and reserves
Called up share capital	6	1
Retained earnings		125
Shareholders' funds		126

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

......................................... Mr James Reid Director

JR Transfers Ltd

Notes to the Unaudited Financial Statements for the Period from 7 March 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
8 Register Avenue
Bellshill
ML4 2HF

These financial statements were authorised for issue by the Board on 23 July 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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
vehicles	20% reducing balance

JR Transfers Ltd

Notes to the Unaudited Financial Statements for the Period from 7 March 2024 to 31 March 2025

computer equipment

20% reducing balance

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 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

JR Transfers Ltd

Notes to the Unaudited Financial Statements for the Period from 7 March 2024 to 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
Additions	554	106,825	107,379
At 31 March 2025	554	106,825	107,379
Depreciation
Charge for the period	111	21,365	21,476
At 31 March 2025	111	21,365	21,476
Carrying amount
At 31 March 2025	443	85,460	85,903

5

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Taxation and social security	11,308
Other creditors	9,370
	20,678

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	7	104,060

6	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary of £1 each	1	1

JR Transfers Ltd

Notes to the Unaudited Financial Statements for the Period from 7 March 2024 to 31 March 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	104,060

8

Dividends

		2025
		£
Interim dividend of £500.00 per ordinary share		500

9	Related party transactions

JR Transfers Ltd

Notes to the Unaudited Financial Statements for the Period from 7 March 2024 to 31 March 2025

Directors' remuneration

The directors' remuneration for the period was as follows:

	2025 £
Remuneration	12,570