REGISTERED NUMBER: 06378689 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

J J XPRESS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J J Donovan

REGISTERED OFFICE:

Bobbington Nurseries

Manor Lane

Bobbington

Stourbridge

West Midlands

DY7 5EG

REGISTERED NUMBER:

06378689 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

1,608,247

Tangible assets

4

2,018,470

CURRENT ASSETS

38,883

Stocks

15,526

2,244,493

Debtors

5

2,752,571

73,821

Cash at bank

58,801

2,357,197

2,826,898

CREDITORS

1,080,045

Amounts falling due within one year

6

1,483,295

1,277,152

NET CURRENT ASSETS

1,343,603

2,885,399

TOTAL ASSETS LESS CURRENT LIABILITIES

3,362,073

CREDITORS

(955,892

)

Amounts falling due after more than one year

7

(938,978

)

(365,943

)

PROVISIONS FOR LIABILITIES

(478,785

)

1,563,564

NET ASSETS

1,944,310

CAPITAL AND RESERVES

1

Called up share capital

9

1

1,563,563

Retained earnings

1,944,309

1,563,564

SHAREHOLDERS' FUNDS

1,944,310

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 12th December 2025 and were signed by:

Mr J J Donovan - Director

1.	STATUTORY INFORMATION

J J Xpress Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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 etc

-

25% on reducing balance and at varying rates on a 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.

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 51 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

2,980,337

Additions

903,611

Disposals

(250,816

)

At 31st March 2025

3,633,132

DEPRECIATION

At 1st April 2024

1,372,089

Charge for year

451,101

Eliminated on disposal

(208,528

)

At 31st March 2025

1,614,662

NET BOOK VALUE

At 31st March 2025

2,018,470

At 31st March 2024

1,608,248

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

Plant and

machinery

etc

£

COST

At 1st April 2024

1,917,637

Additions

796,885

Disposals

(49,565

)

At 31st March 2025

2,664,957

DEPRECIATION

At 1st April 2024

617,404

Charge for year

388,521

Eliminated on disposal

(32,866

)

At 31st March 2025

973,059

NET BOOK VALUE

At 31st March 2025

1,691,898

At 31st March 2024

1,300,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,499,151

1,461,014

Other debtors

1,253,420

783,479

2,752,571

2,244,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

36,244

36,989

Hire purchase contracts

552,847

357,021

Trade creditors

419,082

424,418

Taxation and social security

296,310

227,863

Other creditors

178,812

33,754

1,483,295

1,080,045

Included within bank loans and overdrafts is £4,693 (2024: £2,824) owed under the company's invoice discounting facility.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

34,244

56,205

Hire purchase contracts

904,734

899,687

938,978

955,892

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

11,153

11,898

Bank loans

59,335

81,296

Hire purchase contracts

1,457,581

1,256,708

1,528,069

1,349,902

Bank loans, overdrafts and invoice finance facility are secured by a fixed and floating charge over the assets of the company supported by a personal guarantee of the director and a charge against his personal properties.

Hire purchase contracts are secured against the asset under finance.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr J J Donovan

Balance outstanding at start of year

155,176

120,241

Amounts advanced

30,536

41,576

Amounts repaid

(38,800

)

(6,641

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

146,912

155,176

Interest is charged at the official rate on beneficial loan arrangements set out by HMRC. For the current financial year this was 2.25%.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is JJX Limited.

The ultimate parent undertaking and controlling party is JJX Limited, incorporated in England and Wales. The registered address of JJX Limited is Bobbington Nurseries, Manor Lane, Stourbridge, West Midlands, England, DY7 5EG.