J S Dhillon Transport Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09611971

Unaudited Financial Statements for the Year Ended 31 May 2022

for

J S Dhillon Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Dhillon

REGISTERED OFFICE:

44 Pear Tree Road

Great Barr

Birmingham

B43 6JA

REGISTERED NUMBER:

09611971

ACCOUNTANTS:

Harish Kumar ACCA

HR Accountants

149 Spon Lane

West Bromwich

West Midlands

B70 6AS

FIXED ASSETS

Tangible assets

4

156,949

172,734

CURRENT ASSETS

Debtors

5

-

36,853

CREDITORS

Amounts falling due within one year

6

83,080

150,243

NET CURRENT LIABILITIES

(83,080

)

(113,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,869

59,344

CREDITORS

Amounts falling due after more than one year

7

50,628

50,000

NET ASSETS

23,241

9,344

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

23,240

9,343

SHAREHOLDERS' FUNDS

23,241

9,344

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 12 July 2022 and were signed by:

J S Dhillon - Director

1.	STATUTORY INFORMATION

J S Dhillon Transport Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

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 7 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

295,287

Additions

25,500

Disposals

(13,200

)

At 31 May 2022

307,587

DEPRECIATION

At 1 June 2021

122,553

Charge for year

28,085

At 31 May 2022

150,638

NET BOOK VALUE

At 31 May 2022

156,949

At 31 May 2021

172,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

-

36,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

16,191

78,203

Taxation and social security

25,260

1,377

Other creditors

41,629

70,663

83,080

150,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

50,628

50,000

8.

RESERVES

Retained

earnings

£

At 1 June 2021

9,343

Profit for the year

13,897

At 31 May 2022

23,240