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REGISTERED NUMBER: 11486379 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

JUNCTION 27 LIMITED

JUNCTION 27 LIMITED (REGISTERED NUMBER: 11486379)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUNCTION 27 LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mr S J Holling
Mrs E Holling





Registered office: 150 Mossy Lea Road
Wrightington
Wigan
Lancashire
WN6 9RD





Registered number: 11486379 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

JUNCTION 27 LIMITED (REGISTERED NUMBER: 11486379)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,510 94,081

CURRENT ASSETS
Stocks 16,789 16,005
Debtors 5 15,339 -
Cash at bank and in hand 24,292 19,035
56,420 35,040
CREDITORS
Amounts falling due within one year 6 60,800 83,238
NET CURRENT LIABILITIES (4,380 ) (48,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,130

45,883

CREDITORS
Amounts falling due after more than one year 7 13,337 23,337
NET ASSETS 40,793 22,546

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 40,791 22,544
SHAREHOLDERS' FUNDS 40,793 22,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:



Mrs E Holling - Director


JUNCTION 27 LIMITED (REGISTERED NUMBER: 11486379)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Junction 27 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 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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 23 (2022 - 21 ) .

JUNCTION 27 LIMITED (REGISTERED NUMBER: 11486379)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 106,293 77,242 2,140 185,675
Additions 199 1,544 - 1,743
At 30 June 2023 106,492 78,786 2,140 187,418
DEPRECIATION
At 1 July 2022 52,253 38,621 720 91,594
Charge for year 21,258 15,628 428 37,314
At 30 June 2023 73,511 54,249 1,148 128,908
NET BOOK VALUE
At 30 June 2023 32,981 24,537 992 58,510
At 30 June 2022 54,040 38,621 1,420 94,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by associates 15,339 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 926 -
Trade creditors 14,707 17,622
Amounts owed to associates - 11,610
Taxation and social security 28,850 24,077
Other creditors 6,317 19,929
60,800 83,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 13,337 23,337

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1.00 2 2