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REGISTERED NUMBER: SC610895 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Joe Junk Ltd

Joe Junk Ltd (Registered number: SC610895)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Joe Junk Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J Harvie
L McKenzie





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YD





REGISTERED NUMBER: SC610895 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Joe Junk Ltd (Registered number: SC610895)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,929 75,299

CURRENT ASSETS
Debtors 5 88,046 94,894
Cash at bank and in hand 42,808 78,112
130,854 173,006
CREDITORS
Amounts falling due within one year 6 183,014 212,910
NET CURRENT LIABILITIES (52,160 ) (39,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,769

35,395

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 4,669 35,295
SHAREHOLDERS' FUNDS 4,769 35,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





J Harvie - Director


Joe Junk Ltd (Registered number: SC610895)

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

1. STATUTORY INFORMATION

Joe Junk Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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 30 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 - 750 123,597 124,347
Additions 607 - - 607
At 31 October 2023 607 750 123,597 124,954
DEPRECIATION
At 1 November 2022 - 513 48,535 49,048
Charge for year 152 59 18,766 18,977
At 31 October 2023 152 572 67,301 68,025
NET BOOK VALUE
At 31 October 2023 455 178 56,296 56,929
At 31 October 2022 - 237 75,062 75,299

Joe Junk Ltd (Registered number: SC610895)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Sundry loans 10,451 10,451
Associated company - Jackson's Tyres Ltd 77,595 84,443
88,046 94,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 29,933 48,923
Trade creditors 4,177 14,109
Loan - You Lend Ltd 65,500 52,500
Tax 52,370 48,432
Social security and other taxes 4,980 4,872
VAT 19,842 34,760
Accrued expenses 6,212 9,314
183,014 212,910

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100