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Registration number: 07775067

Junk Ins Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Junk Ins Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Junk Ins Limited

Company Information





 

Directors


 

AG Booth

Y Booth

Registered office





 

Archers Keep
12 Lane Head Lane
Kirkburton
Huddersfield
HD8 0SQ

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Junk Ins Limited

Directors' Report
for the Year Ended 30 September 2023

The directors present their report and the financial statements for the year ended 30 September 2023.

Directors of the company

The directors who held office during the year were as follows:

AG Booth

Y Booth

Principal activity

The principal activity of the company is that of a public house

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................
AG Booth
Director

 

Junk Ins Limited

(Registration number: 07775067 )
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

30,521

3,536

Current assets

 

Stocks

1,250

-

Debtors

5

1,330

-

Cash at bank and in hand

 

17,850

7,447

 

20,430

7,447

Creditors: Amounts falling due within one year

6

(51,998)

(13,487)

Net current liabilities

 

(31,568)

(6,040)

Net liabilities

 

(1,047)

(2,504)

Capital and reserves

 

Called up share capital

7

5

5

Retained earnings

(1,052)

(2,509)

Shareholders' deficit

 

(1,047)

(2,504)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

 

Junk Ins Limited

(Registration number: 07775067 )
Balance Sheet as at 30 September 2023

.........................................
AG Booth
Director

 

Junk Ins Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Archers Keep
12 Lane Head Lane
Kirkburton
Huddersfield
HD8 0SQ

These financial statements were authorised for issue by the Board on 7 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Junk Ins Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on reducing balance

Fixtures, fittings and equipment

20% 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Junk Ins Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

10,027

1,108

11,135

Additions

34,640

-

34,640

At 30 September 2023

44,667

1,108

45,775

Depreciation

At 1 October 2022

6,641

958

7,599

Charge for the year

7,605

50

7,655

At 30 September 2023

14,246

1,008

15,254

Carrying amount

At 30 September 2023

30,421

100

30,521

At 30 September 2022

3,386

150

3,536

5

Debtors

Current

2023
£

2022
£

Other debtors

1,330

-

 

1,330

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

175

-

Accruals and deferred income

5,740

300

Other creditors

46,083

13,187

51,998

13,487

 

Junk Ins Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

5

5

5

5

         

8

Related party transactions

Included in other creditors is £42,699 (2022: £12,358) owing to GBV Construction Limited, a company under common control.