Company Registration No. 05616386 (England and Wales)
Just Audit Limited
Unaudited accounts
for the year ended 30 November 2023
Just Audit Limited
Unaudited accounts
Contents
Just Audit Limited
Company Information
for the year ended 30 November 2023
Company Number
05616386 (England and Wales)
Registered Office
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE
Just Audit Limited
Statement of financial position
as at 30 November 2023
Tangible assets
11,307
14,586
Cash at bank and in hand
220,864
112,733
Creditors: amounts falling due within one year
(259,386)
(125,327)
Net current assets
126,057
140,691
Total assets less current liabilities
137,364
155,277
Creditors: amounts falling due after more than one year
(15,000)
(25,755)
Provisions for liabilities
Net assets
122,364
126,511
Called up share capital
150
150
Profit and loss account
122,214
126,361
Shareholders' funds
122,364
126,511
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
RA Davis
Director
Company Registration No. 05616386
Just Audit Limited
Notes to the Accounts
for the year ended 30 November 2023
Just Audit Limited is a private company, limited by shares, registered in England and Wales, registration number 05616386. The registered office is Strelley Hall, Main Street, Strelley , Nottingham , NG8 6PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Just Audit Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
9,197
32,864
42,061
Disposals
(6,537)
(22,166)
(28,703)
At 30 November 2023
3,315
13,323
16,638
At 1 December 2022
6,459
21,016
27,475
Charge for the year
733
3,000
3,733
On disposals
(5,954)
(19,923)
(25,877)
At 30 November 2023
1,238
4,093
5,331
At 30 November 2023
2,077
9,230
11,307
At 30 November 2022
2,738
11,848
14,586
Amounts falling due within one year
Trade debtors
103,098
122,591
Deferred tax asset
18,041
-
Other debtors
43,440
30,694
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,158
Trade creditors
2,554
2,628
Taxes and social security
72,894
35,995
Other creditors
93,816
12,345
Loans from directors
3,662
3,653
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 14 (2022: 13).
Just Audit Limited
Notes to the Accounts
for the year ended 30 November 2023
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 December 2021
30 November 2022
Capital and reserves (as previously stated)
49,394
129,522
Deferred tax provision
(1,739)
(3,011)
Capital and reserves (as restated)
47,655
126,511