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REGISTERED NUMBER: 05486472 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

JUST LAPTOPS LIMITED

JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUST LAPTOPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S Blamires
C J O'Donnell





REGISTERED OFFICE: Unit 10, Bridgeworks
Kingston Road
Leatherhead
Surrey
KT22 7SU





REGISTERED NUMBER: 05486472 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,577 4,208

CURRENT ASSETS
Stocks 5 181,595 183,005
Debtors 6 22,817 17,371
Cash at bank 3,625 150,268
208,037 350,644
CREDITORS
Amounts falling due within one year 7 181,248 293,528
NET CURRENT ASSETS 26,789 57,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,366

61,324

CREDITORS
Amounts falling due after more than one year 8 (19,128 ) (28,807 )

PROVISIONS FOR LIABILITIES 12 (680 ) (800 )
NET ASSETS 10,558 31,717

CAPITAL AND RESERVES
Called up share capital 13 101 101
Retained earnings 14 10,457 31,616
SHAREHOLDERS' FUNDS 10,558 31,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

BALANCE SHEET - continued
31 AUGUST 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 19 July 2024 and were signed on its behalf by:





C J O'Donnell - Director


JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Just Laptops 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.

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 - 15% on reducing balance
Computer equipment - 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.

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.

JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 9,594 4,117 13,711
DEPRECIATION
At 1 September 2022 7,598 1,905 9,503
Charge for year 299 332 631
At 31 August 2023 7,897 2,237 10,134
NET BOOK VALUE
At 31 August 2023 1,697 1,880 3,577
At 31 August 2022 1,996 2,212 4,208

5. STOCKS
2023 2022
£    £   
Stocks 181,595 183,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,866 2,214
Other debtors 4,485 8,445
Directors' current accounts 1,754 -
Prepayments 6,712 6,712
22,817 17,371

JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 13,467 10,000
Trade creditors 22,344 11,537
Tax 27,403 50,325
Social security and other taxes 10,877 2,702
VAT 75,099 178,161
Other creditors 5,058 9,968
Directors' current accounts - 3,835
Accrued expenses 27,000 27,000
181,248 293,528

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 19,128 28,807

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,467 -
Bank loans 10,000 10,000
13,467 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,128 18,807

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 46,098 46,098
Between one and five years 46,098 92,196
92,196 138,294

JUST LAPTOPS LIMITED (REGISTERED NUMBER: 05486472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 3,467 -
Bank loans 29,128 38,807
32,595 38,807

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 680 800

Deferred
tax
£   
Balance at 1 September 2022 800
Accelerated capital allowances (120 )
Balance at 31 August 2023 680

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

14. RESERVES
Retained
earnings
£   

At 1 September 2022 31,616
Profit for the year 101,491
Dividends (122,650 )
At 31 August 2023 10,457

15. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.