REGISTERED NUMBER: 09833697 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JJX STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J J Donovan

REGISTERED OFFICE:

Bobbington Nurseries

Manor Lane

Bobbington

Stourbridge

West Midlands

DY7 5EG

REGISTERED NUMBER:

09833697 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

181,221

Tangible assets

4

149,266

CURRENT ASSETS

358,818

Debtors

5

421,650

40,808

Cash at bank

90,714

399,626

512,364

CREDITORS

851,421

Amounts falling due within one year

6

1,197,514

(451,795

)

NET CURRENT LIABILITIES

(685,150

)

(270,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(535,884

)

CREDITORS

12,228

Amounts falling due after more than one year

7

1,777

(282,802

)

NET LIABILITIES

(537,661

)

CAPITAL AND RESERVES

1

Called up share capital

9

1

(282,803

)

Retained earnings

(537,662

)

(282,802

)

SHAREHOLDERS' FUNDS

(537,661

)

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

JJX Storage 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 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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost, 15% on cost and 10% on reducing balance

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

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

Going concern

As at the balance sheet date the company is insolvent. However, the largest creditor is J J Xpress Ltd, a company owned by the same director-shareholders. The directors have confirmed that they will continue to support the company for the foreseeable future and therefore the accounts have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Totals

Improvements

Equipment

£

£

£

COST

At 1st April 2024

367,706

102,573

265,133

Additions

12,475

-

12,475

At 31st March 2025

380,181

102,573

277,608

DEPRECIATION

At 1st April 2024

186,485

49,801

136,684

Charge for year

44,430

10,257

34,173

At 31st March 2025

230,915

60,058

170,857

NET BOOK VALUE

At 31st March 2025

149,266

42,515

106,751

At 31st March 2024

181,221

52,772

128,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

169,114

115,712

Other debtors

252,536

243,106

421,650

358,818

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

63,966

68,928

Trade creditors

199,620

257,926

Amounts owed to associates

861,993

435,077

Taxation and social security

33,440

51,846

Other creditors

38,495

37,644

1,197,514

851,421

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,777

12,228

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

53,507

58,717

There is a fixed and floating charge in favour of Close Brothers Limited secured on all property of the company dated 12th November 2019.

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

8,254

8,254

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,254

8,254

No interest is charged.

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.