IRIS Accounts Production v22.2.0.402 09741925 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure097419252021-03-31097419252022-03-31097419252021-04-012022-03-31097419252020-03-31097419252020-04-012021-03-31097419252021-03-3109741925ns16:EnglandWales2021-04-012022-03-3109741925ns15:PoundSterling2021-04-012022-03-3109741925ns11:Director12021-04-012022-03-3109741925ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3109741925ns11:SmallEntities2021-04-012022-03-3109741925ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3109741925ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3109741925ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3109741925ns11:FullAccounts2021-04-012022-03-3109741925ns11:Director22021-04-012022-03-3109741925ns11:Director32021-04-012022-03-3109741925ns11:Director42021-04-012022-03-3109741925ns11:Director52021-04-012022-03-3109741925ns11:CompanySecretary12021-04-012022-03-3109741925ns11:RegisteredOffice2021-04-012022-03-3109741925ns6:CurrentFinancialInstruments2022-03-3109741925ns6:CurrentFinancialInstruments2021-03-3109741925ns6:Non-currentFinancialInstruments2022-03-3109741925ns6:Non-currentFinancialInstruments2021-03-3109741925ns6:ShareCapital2022-03-3109741925ns6:ShareCapital2021-03-3109741925ns6:RetainedEarningsAccumulatedLosses2022-03-3109741925ns6:RetainedEarningsAccumulatedLosses2021-03-3109741925ns6:LandBuildings2021-03-3109741925ns6:PlantMachinery2021-03-3109741925ns6:LandBuildings2021-04-012022-03-3109741925ns6:PlantMachinery2021-04-012022-03-3109741925ns6:LandBuildings2022-03-3109741925ns6:PlantMachinery2022-03-3109741925ns6:LandBuildings2021-03-3109741925ns6:PlantMachinery2021-03-3109741925ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109741925ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3109741925ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-03-3109741925ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2021-03-3109741925ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-03-3109741925ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2021-03-3109741925ns6:HirePurchaseContracts2022-03-3109741925ns6:HirePurchaseContracts2021-03-3109741925ns6:WithinOneYear2022-03-3109741925ns6:WithinOneYear2021-03-3109741925ns6:BetweenOneFiveYears2022-03-3109741925ns6:BetweenOneFiveYears2021-03-3109741925ns6:MoreThanFiveYears2022-03-3109741925ns6:MoreThanFiveYears2021-03-3109741925ns6:AllPeriods2022-03-3109741925ns6:AllPeriods2021-03-31
REGISTERED NUMBER: 09741925 (England and Wales)


















Just Paper Tubes Limited

Unaudited Financial Statements for the Year Ended 31st March 2022






Just Paper Tubes Limited (Registered number: 09741925)






Contents of the Financial Statements
for the year ended 31st March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Just Paper Tubes Limited

Company Information
for the year ended 31st March 2022







DIRECTORS: K Coates
Mrs S A Coates
H Coates
G Coates
Dr G Coates





SECRETARY: K Coates





REGISTERED OFFICE: Railway Mill
Lowmoor Road
Cliffe Common
Selby
North Yorkshire
YO8 6EF





REGISTERED NUMBER: 09741925 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Just Paper Tubes Limited (Registered number: 09741925)

Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,255,686 913,484

CURRENT ASSETS
Stocks 475,235 347,638
Debtors 5 2,790,735 1,392,778
Cash at bank and in hand 1,216,789 2,703,188
4,482,759 4,443,604
CREDITORS
Amounts falling due within one year 6 709,530 1,629,274
NET CURRENT ASSETS 3,773,229 2,814,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,028,915

3,727,814

CREDITORS
Amounts falling due after more than one
year

7

(1,849

)

(76,047

)

PROVISIONS FOR LIABILITIES (278,206 ) (125,426 )
NET ASSETS 4,748,860 3,526,341

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 4,744,860 3,522,341
4,748,860 3,526,341

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

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

Just Paper Tubes Limited (Registered number: 09741925)

Balance Sheet - continued
31st March 2022


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 Board of Directors and authorised for issue on 6th September 2022 and were signed on its behalf by:





K Coates - Director


Just Paper Tubes Limited (Registered number: 09741925)

Notes to the Financial Statements
for the year ended 31st March 2022

1. STATUTORY INFORMATION

Just Paper Tubes 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.

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 recognised at the fair value of the consideration recieved or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Leasehold improvementsStraight line over period of lease
Plant and equipment10-33% Straight line
Motor vehicles17-25% Straight line / reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.


Just Paper Tubes Limited (Registered number: 09741925)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

2. ACCOUNTING POLICIES - continued
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
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes including a Self - Invested Personal Pension Scheme are charged as an expense as they fall due.

Government grants
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Employee benefits
The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denomiated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2021 - 39 ) .

Just Paper Tubes Limited (Registered number: 09741925)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2021 19,787 1,458,615 1,478,402
Additions - 536,988 536,988
Disposals - (299,544 ) (299,544 )
At 31st March 2022 19,787 1,696,059 1,715,846
DEPRECIATION
At 1st April 2021 5,435 559,483 564,918
Charge for year 2,609 145,559 148,168
Eliminated on disposal - (252,926 ) (252,926 )
At 31st March 2022 8,044 452,116 460,160
NET BOOK VALUE
At 31st March 2022 11,743 1,243,943 1,255,686
At 31st March 2021 14,352 899,132 913,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,622,936 1,225,252
Other debtors 167,799 167,526
2,790,735 1,392,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) - 17,329
Trade creditors 217,488 62,855
Amounts owed to group undertakings - 1,275,145
Taxation and social security 402,624 233,585
Other creditors 89,418 40,360
709,530 1,629,274

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) - 71,589
Other creditors 1,849 4,458
1,849 76,047

Just Paper Tubes Limited (Registered number: 09741925)

Notes to the Financial Statements - continued
for the year ended 31st March 2022

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year - 17,329
Between one and five years - 71,589
- 88,918

Non-cancellable operating leases
2022 2021
£    £   
Within one year 163,500 128,750
Between one and five years 572,250 515,000
In more than five years - 64,375
735,750 708,125

9. CAPITAL COMMITMENTS
2022 2021
£    £   
Contracted but not provided for in the
financial statements 13,753 117,444

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is JPT Group Limited. Just Paper Tubes Limited is a 100% subsidiary of JPT Group Limited. The registered address of JPT Group is Railway Mill, Lowmoor Road, Cliffe Common, Selby, YO8 6EF.