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REGISTERED NUMBER: 09623314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JUST HARD METALS LTD

JUST HARD METALS LTD (REGISTERED NUMBER: 09623314)






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


JUST HARD METALS LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: N Riley
Mrs R Riley





REGISTERED OFFICE: Unit J
Camden Street
Southwick
Sunderland
Tyne and Wear
SR5 2BA





REGISTERED NUMBER: 09623314 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

JUST HARD METALS LTD (REGISTERED NUMBER: 09623314)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 178,128 89,710

CURRENT ASSETS
Debtors 4 2,181,672 2,027,207
Cash at bank 295,553 327,498
2,477,225 2,354,705
CREDITORS
Amounts falling due within one
year

5

469,016

531,905
NET CURRENT ASSETS 2,008,209 1,822,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,186,337

1,912,510

CREDITORS
Amounts falling due after more
than one year

6

(152,408

)

(135,834

)

PROVISIONS FOR LIABILITIES (41,308 ) (17,045 )
NET ASSETS 1,992,621 1,759,631

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,992,521 1,759,531
SHAREHOLDERS' FUNDS 1,992,621 1,759,631

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.

JUST HARD METALS LTD (REGISTERED NUMBER: 09623314)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





N Riley - Director


JUST HARD METALS LTD (REGISTERED NUMBER: 09623314)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

3. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 - 38,495 104,490 7,673 150,658
Additions 12,895 340 113,186 1,285 127,706
Disposals - (15,500 ) (26,795 ) - (42,295 )
At 31 October 2023 12,895 23,335 190,881 8,958 236,069
DEPRECIATION
At 1 November 2022 - 13,748 42,887 4,313 60,948
Charge for year - 5,524 16,602 849 22,975
Eliminated on disposal - (6,645 ) (19,337 ) - (25,982 )
At 31 October 2023 - 12,627 40,152 5,162 57,941
NET BOOK VALUE
At 31 October 2023 12,895 10,708 150,729 3,796 178,128
At 31 October 2022 - 24,747 61,603 3,360 89,710

JUST HARD METALS LTD (REGISTERED NUMBER: 09623314)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 15,500 23,200 38,700
Additions - 113,186 113,186
Disposals (15,500 ) - (15,500 )
At 31 October 2023 - 136,386 136,386
DEPRECIATION
At 1 November 2022 4,602 967 5,569
Charge for year 2,043 7,916 9,959
Eliminated on disposal (6,645 ) - (6,645 )
At 31 October 2023 - 8,883 8,883
NET BOOK VALUE
At 31 October 2023 - 127,503 127,503
At 31 October 2022 10,898 22,233 33,131

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 399,693 351,883
Other debtors 1,781,979 1,675,324
2,181,672 2,027,207

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 16,333 9,792
Trade creditors 318,220 343,026
Taxation and social security 80,619 94,126
Other creditors 3,844 34,961
469,016 531,905

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 79,167 129,167
Hire purchase contracts 73,241 6,667
152,408 135,834