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REGISTERED NUMBER: SC545239 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Just Natural Feeds Ltd

Just Natural Feeds Ltd (Registered number: SC545239)






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

Chartered Accountants' Report 8

Just Natural Feeds Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTOR: J Barrie





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC545239 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Just Natural Feeds Ltd (Registered number: SC545239)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,198 282,989

CURRENT ASSETS
Stocks 205,000 149,000
Debtors 5 169,117 134,549
Cash at bank 614,096 423,134
988,213 706,683
CREDITORS
Amounts falling due within one year 6 436,221 336,294
NET CURRENT ASSETS 551,992 370,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

798,190

653,378

CREDITORS
Amounts falling due after more than one
year

7

(125,758

)

(133,473

)

PROVISIONS FOR LIABILITIES 8 (28,443 ) (33,189 )
NET ASSETS 643,989 486,716

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 643,889 486,616
643,989 486,716

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.

Just Natural Feeds Ltd (Registered number: SC545239)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





J Barrie - Director


Just Natural Feeds Ltd (Registered number: SC545239)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Just Natural Feeds Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Just Natural Feeds Ltd (Registered number: SC545239)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 84,549 519,868 11,472
Additions - 65,984 -
At 31 December 2023 84,549 585,852 11,472
DEPRECIATION
At 1 January 2023 25,465 368,580 2,640
Charge for year 8,455 83,683 1,766
At 31 December 2023 33,920 452,263 4,406
NET BOOK VALUE
At 31 December 2023 50,629 133,589 7,066
At 31 December 2022 59,084 151,288 8,832

Just Natural Feeds Ltd (Registered number: SC545239)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 110,930 13,412 740,231
Additions 9,995 338 76,317
At 31 December 2023 120,925 13,750 816,548
DEPRECIATION
At 1 January 2023 48,908 11,649 457,242
Charge for year 18,004 1,200 113,108
At 31 December 2023 66,912 12,849 570,350
NET BOOK VALUE
At 31 December 2023 54,013 901 246,198
At 31 December 2022 62,022 1,763 282,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 57,601 63,025
Other debtors 111,516 71,524
169,117 134,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,116 8,877
Hire purchase contracts 60,599 54,217
Trade creditors 229,244 103,852
Taxation and social security 96,238 80,297
Other creditors 41,024 89,051
436,221 336,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,334 22,449
Hire purchase contracts 50,424 111,024
Other creditors 62,000 -
125,758 133,473

Just Natural Feeds Ltd (Registered number: SC545239)

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

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 28,443 33,189

Deferred
tax
£   
Balance at 1 January 2023 33,189
Utilised during year (4,746 )
Balance at 31 December 2023 28,443

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Just Natural Feeds Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Just Natural Feeds Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Just Natural Feeds Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Just Natural Feeds Ltd and state those matters that we have agreed to state to the director of Just Natural Feeds Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Just Natural Feeds Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Just Natural Feeds Ltd. You consider that Just Natural Feeds Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Just Natural Feeds Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


11 September 2024