JTA Couriers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09446492 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

JTA Couriers Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Serginson

Mr R A Serginson

REGISTERED OFFICE:

Business Central

2 Union Square

Darlington

Co. Durham

DL1 1GL

REGISTERED NUMBER:

09446492 (England and Wales)

ACCOUNTANTS:

Lyons Watson

Accountants & Business Advisers

Business Central

2 Union Square

Darlington

Co. Durham

DL1 1GL

FIXED ASSETS

Tangible assets

4

193

8,600

CURRENT ASSETS

Debtors

105,453

73,430

Cash at bank and in hand

4,063

2,294

109,516

75,724

CREDITORS

Amounts falling due within one year

94,717

64,629

NET CURRENT ASSETS

14,799

11,095

TOTAL ASSETS LESS CURRENT LIABILITIES

14,992

19,695

CREDITORS

Amounts falling due after more than one year

(13,000

)

(16,667

)

PROVISIONS FOR LIABILITIES

(37

)

(1,577

)

NET ASSETS

1,955

1,451

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,855

1,351

SHAREHOLDERS' FUNDS

1,955

1,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 February 2023 and were signed on its behalf by:

Mr M Serginson - Director

1.	STATUTORY INFORMATION

JTA Couriers 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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover

Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

17,189

Disposals

(16,860

)

At 31 March 2022

329

DEPRECIATION

At 1 April 2021

8,589

Charge for year

2,011

Eliminated on disposal

(10,464

)

At 31 March 2022

136

NET BOOK VALUE

At 31 March 2022

193

At 31 March 2021

8,600

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31/3/22

31/3/21

£

£

Mr M Serginson

Balance outstanding at start of year

44,210

10,911

Amounts advanced

25,991

33,299

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,201

44,210

All advances to the directors are repayable on demand and interest is charged at the official rate published by HM Revenue and Customs.