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REGISTERED NUMBER: 11206877 (England and Wales)















Financial Statements

for the Year Ended 28 February 2023

for

Just Pads Ltd

Just Pads Ltd (Registered number: 11206877)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Just Pads Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S R Nash
M A Nash





REGISTERED OFFICE: Unit 10 Axis Centre
Cleeve Road
Leatherhead
Surrey
KT22 7RD





REGISTERED NUMBER: 11206877 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Just Pads Ltd (Registered number: 11206877)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £   
CURRENT ASSETS
Inventories 831,047 184,699
Debtors 5 297,342 303,044
Cash at bank 30,393 22,353
1,158,782 510,096
CREDITORS
Amounts falling due within one year 6 (591,407 ) (290,324 )
NET CURRENT ASSETS 567,375 219,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,375

219,772

CREDITORS
Amounts falling due after more than one
year

7

(108,000

)

(156,000

)
NET ASSETS 459,375 63,772

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 459,373 63,770
459,375 63,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Pads Ltd (Registered number: 11206877)

Statement of Financial Position - continued
28 February 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 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 7 November 2023 and were signed on its behalf by:





S R Nash - Director


Just Pads Ltd (Registered number: 11206877)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Just Pads 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Inventories 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 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Just Pads Ltd (Registered number: 11206877)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 271,499 275,416
Other debtors 25,843 27,628
297,342 303,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 48,000 48,000
Trade creditors 186,961 56,382
Taxation and social security 133,636 42,752
Other creditors 222,810 143,190
591,407 290,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 108,000 156,000

8. SECURED DEBTS

Included within other creditors in an amount of £92,810 (2022: £143,190) which relates to invoice finance and is secured by a fixed and floating charge over the company's property.

9. RELATED PARTY DISCLOSURES

During the year the company received working capital funding of £130,000 (2022: £nil) from Savvy Bee Ltd, a company related by virtue of common control. No interest was charged on this loan which is included in Other Creditors.