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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
Page
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Just Audit Limited Company Information for the year ended 30 November 2023
Director
RA Davis
Company Number
05616386 (England and Wales)
Registered Office
Strelley Hall Main Street Strelley Nottingham NG8 6PE
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Just Audit Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,307 
14,586 
Current assets
Debtors
164,579 
153,285 
Cash at bank and in hand
220,864 
112,733 
385,443 
266,018 
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
Deferred tax
- 
(3,011)
Net assets
122,364 
126,511 
Capital and reserves
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
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Just Audit Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Pension costs
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.
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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 
Additions
655 
2,625 
3,280 
Disposals
(6,537)
(22,166)
(28,703)
At 30 November 2023
3,315 
13,323 
16,638 
Depreciation
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 
Net book value
At 30 November 2023
2,077 
9,230 
11,307 
At 30 November 2022
2,738 
11,848 
14,586 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
103,098 
122,591 
Deferred tax asset
18,041 
Other debtors
43,440 
30,694 
164,579 
153,285 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,158 
VAT
76,460 
60,548 
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 
259,386 
125,327 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,000 
25,755 
8
Average number of employees
During the year the average number of employees was 14 (2022: 13).
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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 
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