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Registered number: 07067703
JRC Express Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Harris Lacey and Swain
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07067703
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,270 156,881
140,270 156,881
CURRENT ASSETS
Debtors 5 273,826 157,110
Cash at bank and in hand 93,593 170,289
367,419 327,399
Creditors: Amounts Falling Due Within One Year 6 (209,189 ) (187,430 )
NET CURRENT ASSETS (LIABILITIES) 158,230 139,969
TOTAL ASSETS LESS CURRENT LIABILITIES 298,500 296,850
Creditors: Amounts Falling Due After More Than One Year 7 (71,770 ) (75,888 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,814 ) (36,720 )
NET ASSETS 191,916 184,242
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 191,816 184,142
SHAREHOLDERS' FUNDS 191,916 184,242
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Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Crabtree
Director
24/08/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
JRC Express Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07067703 . The registered office is Unit 9A Tokenspire Business Park, Hull Road, Woodmansey, East Yorkshire, HU17 0TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company's activities. Revenue is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the group's activities as described below.
The company provides courier services to other organisations and people, and these services are provided on a time and material basis or as a fixed price contract.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on cost
Motor Vehicles 25% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 3,900 359,173 2,729 365,802
Additions - 55,710 - 55,710
Disposals - (36,750 ) - (36,750 )
As at 30 November 2025 3,900 378,133 2,729 384,762
Depreciation
As at 1 December 2024 609 205,583 2,729 208,921
Provided during the period 585 66,809 - 67,394
Disposals - (31,823 ) - (31,823 )
As at 30 November 2025 1,194 240,569 2,729 244,492
Net Book Value
As at 30 November 2025 2,706 137,564 - 140,270
As at 1 December 2024 3,291 153,590 - 156,881
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 121,316 142,833
Other debtors 152,510 14,277
273,826 157,110
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 44,550 40,312
Trade creditors 12,323 23,787
Bank loans and overdrafts 5,834 10,000
Other loans 9,035 -
Other creditors 40,960 28,111
Taxation and social security 96,487 85,220
209,189 187,430
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 71,770 70,054
Bank loans - 5,834
71,770 75,888
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 50,968 47,496
Later than one year and not later than five years 86,688 82,979
137,656 130,475
Less: Finance charges allocated to future periods 21,336 20,109
116,320 110,366
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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