Company registration number:
10606109
JLN Haulage And Storage Limited
Unaudited filleted financial statements
31 May 2020
JLN Haulage And Storage Limited
Contents
Directors and other information
Balance sheet
Notes to the financial statements
JLN Haulage And Storage Limited
Directors and other information
|
|
|
|
Director
|
Mr S Richardson
|
|
|
|
|
|
|
|
Company number
|
10606109
|
|
|
|
|
|
|
|
Registered office
|
1 Marley Walk
|
|
|
Hartlepool
|
|
|
TS27 3PE
|
|
|
|
|
|
|
|
Accountants
|
Chipchase Manners
|
|
|
384 Linthorpe Road
|
|
|
Middlesbrough
|
|
|
TS5 6HA
|
|
|
|
JLN Haulage And Storage Limited
Balance sheet
31 May 2020
|
|
|
31/05/20
|
|
|
|
28/02/19
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
12,947
|
|
|
|
54,004
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
12,947
|
|
|
|
54,004
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Cash at bank and in hand
|
|
|
1,058
|
|
|
|
20,562
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
1,058
|
|
|
|
20,562
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
-
|
|
|
|
(
74,466)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets/(liabilities)
|
|
|
|
|
1,058
|
|
|
|
(
53,904)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
14,005
|
|
|
|
100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
14,005
|
|
|
|
100
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
10
|
|
|
|
10
|
Profit and loss account
|
|
|
|
|
13,995
|
|
|
|
90
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
14,005
|
|
|
|
100
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the period ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 June 2020
, and are signed on behalf of the board by:
Mr S Richardson
Director
Company registration number:
10606109
JLN Haulage And Storage Limited
Notes to the financial statements
Period ended 31 May 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Marley Walk, Hartlepool, TS27 3PE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery
|
-
|
10 %
|
reducing balance
|
|
Improvements
|
-
|
10 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
(2019:
1
).
5.
Tangible assets
|
|
Plant and machinery
|
Leasehold improvements
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 March 2019
|
49,368
|
16,753
|
66,121
|
|
|
|
|
Disposals
|
(
49,368)
|
-
|
(
49,368)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 May 2020
|
-
|
16,753
|
16,753
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
At 1 March 2019
|
9,750
|
2,367
|
12,117
|
|
|
|
|
Charge for the year
|
-
|
1,439
|
1,439
|
|
|
|
|
Disposals
|
(
9,750)
|
-
|
(
9,750)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 May 2020
|
-
|
3,806
|
3,806
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 May 2020
|
-
|
12,947
|
12,947
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 28 February 2019
|
39,618
|
14,386
|
54,004
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
31/05/20
|
28/02/19
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
-
|
49,368
|
|
Other creditors
|
|
-
|
25,098
|
|
|
|
_______
|
_______
|
|
|
|
-
|
74,466
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Directors advances, credits and guarantees
There were no directors advances, credits or guarantees in the period.