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REGISTERED NUMBER: 09918309 (England and Wales)


















Justelec Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Justelec Limited (Registered number: 09918309)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Justelec Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J Jheeta





SECRETARY: Miss L A Flack





REGISTERED OFFICE: Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF





REGISTERED NUMBER: 09918309 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Justelec Limited (Registered number: 09918309)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,761 27,200

CURRENT ASSETS
Stocks 5 500 700
Debtors 6 10,849 6,338
Cash at bank 9,487 10,115
20,836 17,153
CREDITORS
Amounts falling due within one year 7 (22,355 ) (12,706 )
NET CURRENT (LIABILITIES)/ASSETS (1,519 ) 4,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,242

31,647

CREDITORS
Amounts falling due after more than one
year

8

(18,167

)

(26,386

)
NET ASSETS 2,075 5,261

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 2,065 5,251
SHAREHOLDERS' FUNDS 2,075 5,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Justelec Limited (Registered number: 09918309)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Mr J Jheeta - Director


Justelec Limited (Registered number: 09918309)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Justelec 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Justelec Limited (Registered number: 09918309)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 33,684 1,142 34,826
DEPRECIATION
At 1 January 2023 6,945 681 7,626
Charge for year 5,347 92 5,439
At 31 December 2023 12,292 773 13,065
NET BOOK VALUE
At 31 December 2023 21,392 369 21,761
At 31 December 2022 26,739 461 27,200

5. STOCKS
2023 2022
£    £   
Stocks 500 700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,083 2,495
Other debtors 3,766 3,843
10,849 6,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 5,219 5,219
Trade creditors 202 -
Taxation and social security 3,805 1,696
Other creditors 10,129 2,791
22,355 12,706

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,250 7,250
Hire purchase contracts 13,917 19,136
18,167 26,386

Justelec Limited (Registered number: 09918309)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10