I & J Sons Transport Ltd

I & J Sons Transport Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	700,829	937,173
		700,829	937,173
Current assets
Stocks		67,143	59,385
Debtors		3,323	42,955
Cash at bank and in hand		2,681	879
		73,147	103,219
Creditors: amount falling due within one year		(381,447)	(496,265)
Net current assets		(308,300)	(393,046)

Total assets less current liabilities		392,529	544,127
Creditors: amount falling due after more than one year		(361,765)	(538,700)
Net assets		30,764	5,427

Capital and reserves
Called up share capital		1	1
Profit and loss account		30,763	5,426
Shareholders' funds		30,764	5,427

For the year ended 31 March 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 18 July 2025 and were signed by:

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Jasminder Singh
Director

I & J Sons Transport Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

I & J Sons Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 07969068, registration address 1 Conwy Close, Walsall, WS2 8YD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	15% Reducing Balance
Fixtures and Fittings	15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 13 (2024 : 14).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	1,644,010	16,360	2,592	1,662,962
Additions	167,250	-	-	167,250
Disposals	(641,442)	-	-	(641,442)
At 31 March 2025	1,169,818	16,360	2,592	1,188,770
Depreciation
At 01 April 2024	714,210	8,987	2,592	725,789
Charge for year	105,090	1,106	-	106,196
On disposals	(344,044)	-	-	(344,044)
At 31 March 2025	475,256	10,093	2,592	487,941
Net book values
Closing balance as at 31 March 2025	694,562	6,267	-	700,829
Opening balance as at 01 April 2024	929,800	7,373	-	937,173

4.	Secured Charges HSBC UK Bank Plc holds a fixed and floating charge over all assets of the company.

Registered Number: 07969068
England and Wales
I & J SONS TRANSPORT LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025