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REGISTERED NUMBER: 07997512 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Just Kitchens & Bedrooms Associates
Limited

Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Just Kitchens & Bedrooms Associates
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Williams
Mrs P Williams





REGISTERED OFFICE: Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW





REGISTERED NUMBER: 07997512 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,896 26,475
23,896 26,475

CURRENT ASSETS
Stocks 46,545 43,512
Debtors 6 19,433 76,130
Cash at bank and in hand 195,430 156,350
261,408 275,992
CREDITORS
Amounts falling due within one year 7 179,896 165,336
NET CURRENT ASSETS 81,512 110,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,408

137,131

PROVISIONS FOR LIABILITIES 5,974 6,619
NET ASSETS 99,434 130,512

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,334 130,412
SHAREHOLDERS' FUNDS 99,434 130,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)

Balance Sheet - continued
31 March 2023


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 23 October 2023 and were signed on its behalf by:





A J Williams - Director


Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Just Kitchens & Bedrooms Associates 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% on reducing balance

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

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.

Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 12,000
AMORTISATION
At 1 April 2022
and 31 March 2023 12,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 291 63,955 64,246
Additions - 3,350 3,350
At 31 March 2023 291 67,305 67,596
DEPRECIATION
At 1 April 2022 291 37,480 37,771
Charge for year - 5,929 5,929
At 31 March 2023 291 43,409 43,700
NET BOOK VALUE
At 31 March 2023 - 23,896 23,896
At 31 March 2022 - 26,475 26,475

Just Kitchens & Bedrooms Associates
Limited (Registered number: 07997512)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,247 70,759
Other debtors 5,186 5,371
19,433 76,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Payments on account 18,686 19,492
Taxation and social security 28,250 37,080
Other creditors 132,960 108,764
179,896 165,336