REGISTERED NUMBER: 03612949 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jentone Freight Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Hill

Mrs J A Hill

SECRETARY:

Mrs J A Hill

REGISTERED OFFICE:

John Boyle Road

South Tees Freight Park

South Bank

Middlesbrough

TS6 6TY

REGISTERED NUMBER:

03612949 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

1,373,189

1,483,198

CURRENT ASSETS

Stocks

15,969

15,328

Debtors

5

547,204

573,436

Cash at bank

2,766,608

2,312,212

3,329,781

2,900,976

CREDITORS

Amounts falling due within one year

6

473,298

484,895

NET CURRENT ASSETS

2,856,483

2,416,081

TOTAL ASSETS LESS CURRENT LIABILITIES

4,229,672

3,899,279

CREDITORS

Amounts falling due after more than one year

7

-

(13,930

)

PROVISIONS FOR LIABILITIES

(112,000

)

(137,000

)

NET ASSETS

4,117,672

3,748,349

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

4,117,670

3,748,347

SHAREHOLDERS' FUNDS

4,117,672

3,748,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:

Mrs J A Hill - Director

1.	STATUTORY INFORMATION

Jentone Freight 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable/ payable

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,003,935

961,814

1,460,392

12,382

3,438,523

Additions

-

-

118,441

-

118,441

At 31 December 2024

1,003,935

961,814

1,578,833

12,382

3,556,964

DEPRECIATION

At 1 January 2024

48,864

701,681

1,193,420

11,360

1,955,325

Charge for year

10,704

88,795

127,934

1,017

228,450

At 31 December 2024

59,568

790,476

1,321,354

12,377

2,183,775

NET BOOK VALUE

At 31 December 2024

944,367

171,338

257,479

5

1,373,189

At 31 December 2023

955,071

260,133

266,972

1,022

1,483,198

Included in freehold land & buildings is land valued at £468,705 which is not depreciated.

Included in tangible fixed assets are assets held under hire purchase with an aggregate net book value of £69,114 (2023 - £128,609). Depreciation charged on these assets during the year amounted to £59,495 (2023 - £73,171).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

502,051

528,083

Prepayments & accrued income

45,153

45,353

547,204

573,436

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

15,140

47,203

Trade creditors

185,975

160,115

Social security and other taxes

232,282

225,467

Other creditors

6,445

5,070

Accrued expenses

33,456

47,040

473,298

484,895

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

-

13,930

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

15,140

47,203

Between one and five years

-

13,930

15,140

61,133

9.	SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2