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REGISTERED NUMBER: 08483794 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

JUST GERMAN PARTS LIMITED

JUST GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUST GERMAN PARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: B J Anderson
D T Anderson





REGISTERED OFFICE: Unit 30 Dollywagon Way
South Rings
Bamber Bridge
Preston
Lancashire
PR5 6EW





REGISTERED NUMBER: 08483794 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

JUST GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,328 203,514

CURRENT ASSETS
Stocks 33,000 33,000
Debtors 5 7,122 4,595
Cash at bank and in hand 25,678 14,987
65,800 52,582
CREDITORS
Amounts falling due within one year 6 49,384 30,337
NET CURRENT ASSETS 16,416 22,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,744

225,759

CREDITORS
Amounts falling due after more than one
year

7

(193,665

)

(208,958

)

PROVISIONS FOR LIABILITIES (4,065 ) (1,612 )
NET ASSETS 26,014 15,189

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,012 15,187
SHAREHOLDERS' FUNDS 26,014 15,189

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

BALANCE SHEET - continued
31ST DECEMBER 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 1st August 2024 and were signed on its behalf by:




B J Anderson - Director



D T Anderson - Director


JUST GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Just German Parts 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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

JUST GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 198,000 21,752 219,752
Additions 11,550 926 12,476
At 31st December 2023 209,550 22,678 232,228
DEPRECIATION
At 1st January 2023 2,970 13,268 16,238
Charge for year 3,991 4,671 8,662
At 31st December 2023 6,961 17,939 24,900
NET BOOK VALUE
At 31st December 2023 202,589 4,739 207,328
At 31st December 2022 195,030 8,484 203,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,142 1,095
Other debtors 4,980 3,500
7,122 4,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 11,608 6,113
Taxation and social security 16,513 5,942
Other creditors 15,707 12,726
49,384 30,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 30,648 36,204
Other creditors 163,017 172,754
193,665 208,958

JUST GERMAN PARTS LIMITED (REGISTERED NUMBER: 08483794)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,425 13,981
Other loans 120,713 128,420
129,138 142,401

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 141,673 144,954

Other loans are secured by way of fixed and floating charges over all property of the company.