REGISTERED NUMBER: SC237462 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

G. J. Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G W Thomson

SECRETARY:

W C Thomson

REGISTERED OFFICE:

13 Finlayson Drive

Airdrie

Lanarkshire

ML6 8LU

REGISTERED NUMBER:

SC237462 (Scotland)

ACCOUNTANTS:

Gordon Ferguson & Co Ltd

76 Hamilton Road

Motherwell

Lanarkshire

ML1 3BY

FIXED ASSETS

Tangible assets

4

1,143,085

903,510

CURRENT ASSETS

Debtors

5

482,826

320,375

Cash at bank

1,310,529

1,058,633

1,793,355

1,379,008

CREDITORS

Amounts falling due within one year

6

792,963

511,383

NET CURRENT ASSETS

1,000,392

867,625

TOTAL ASSETS LESS CURRENT LIABILITIES

2,143,477

1,771,135

CREDITORS

Amounts falling due after more than one year

7

662,830

617,659

NET ASSETS

1,480,647

1,153,476

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

1,480,546

1,153,375

SHAREHOLDERS' FUNDS

1,480,647

1,153,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

G W Thomson - Director

1.	STATUTORY INFORMATION

G. J. Transport Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

23,753

500

2,621,029

1,891

2,647,173

Additions

-

-

532,825

656

533,481

At 31 March 2025

23,753

500

3,153,854

2,547

3,180,654

DEPRECIATION

At 1 April 2024

21,128

378

1,720,877

1,280

1,743,663

Charge for year

2,625

31

290,861

389

293,906

At 31 March 2025

23,753

409

2,011,738

1,669

2,037,569

NET BOOK VALUE

At 31 March 2025

-

91

1,142,116

878

1,143,085

At 31 March 2024

2,625

122

900,152

611

903,510

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

1,200,061

Additions

494,575

At 31 March 2025

1,694,636

DEPRECIATION

At 1 April 2024

598,290

Charge for year

271,131

At 31 March 2025

869,421

NET BOOK VALUE

At 31 March 2025

825,215

At 31 March 2024

601,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

482,826

320,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

40,000

51,064

Hire purchase contracts

292,012

223,262

Trade creditors

131,329

58,095

Tax

35,180

17,956

Social security and other taxes

13,596

11,453

VAT

190,730

131,825

Other creditors

2,346

998

Directors' current accounts

8,320

2,355

Accrued expenses

69,450

4,375

792,963

511,383

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

5,833

12,500

Other loans - 2-5 years

40,000

46,809

Hire purchase contracts

616,997

558,350

662,830

617,659