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REGISTERED NUMBER: 04079879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

JUSTINFLATABLES.COM LIMITED

JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUSTINFLATABLES.COM LIMITED

Company Information
for the year ended 31 October 2023







DIRECTOR: G M Gerrish



SECRETARY: Mrs L Gerrish



REGISTERED OFFICE: Unit 17
Tafarnaubach Ind. Estate
Tafarnaubach
Tredegar
Gwent
NP22 3AA



REGISTERED NUMBER: 04079879 (England and Wales)



ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU



BANKERS: National Westminster Bank Plc
7 High Street
Marlow
Buckinghamshire
SL7 1BZ

JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,790 21,900

CURRENT ASSETS
Debtors 5 153,132 232,065
Cash at bank 115,543 67,109
268,675 299,174
CREDITORS
Amounts falling due within one year 6 (158,065 ) (105,719 )
NET CURRENT ASSETS 110,610 193,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,400

215,355

CREDITORS
Amounts falling due after more than one
year

7

(31,250

)

(46,250

)

PROVISIONS FOR LIABILITIES (1,571 ) (1,775 )
NET ASSETS 97,579 167,330

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 97,577 167,328
SHAREHOLDERS' FUNDS 97,579 167,330

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 director acknowledges his 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.

JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)

Balance Sheet - continued
31 October 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 director and authorised for issue on 29 July 2024 and were signed by:





G M Gerrish - Director


JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

justinflatables.com 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 25% on reducing balance, 15% on cost and at varying rates on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 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.

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 2 (2022 - 2 ) .

JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 66,820
Additions 527
At 31 October 2023 67,347
DEPRECIATION
At 1 November 2022 44,920
Charge for year 2,637
At 31 October 2023 47,557
NET BOOK VALUE
At 31 October 2023 19,790
At 31 October 2022 21,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,287 210,084
Other debtors 49,845 21,981
153,132 232,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 1,776 1,359
Taxation and social security 19,157 87,043
Other creditors 122,132 2,317
158,065 105,719

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,250 46,250

The Bank loan has been made under the Small Firms Loan Guarantee Scheme. The loan is for a term of 7 years with effect from November 2000. Repayments commenced in December 2021. In a addition to the partial Guarantee provided under the CBIL Scheme, the loan is further secured by a Mortgage Debenture with NatWest Bank Plc taken out on 10 November 2020.

JUSTINFLATABLES.COM LIMITED (REGISTERED NUMBER: 04079879)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,585 -