Registered number
13237302
Just a Van? Limited
Filleted Accounts
31 March 2024
Just a Van? Limited
Registered number: 13237302
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 500 1,000
Tangible assets 4 16,625 22,070
17,125 23,070
Current assets
Stocks 69,944 55,176
Debtors 5 5,900 1,042
Cash at bank and in hand 267 1,797
76,111 58,015
Creditors: amounts falling due within one year 6 (166,030) (128,733)
Net current liabilities (89,919) (70,718)
Net liabilities (72,794) (47,648)
Capital and reserves
Called up share capital 100 100
Profit and loss account (72,894) (47,748)
Shareholders' funds (72,794) (47,648)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Carpenter
Director
Approved by the board on 14 October 2024
Just a Van? Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Website costs:
Cost
At 1 April 2023 2,000
At 31 March 2024 2,000
Amortisation
At 1 April 2023 1,000
Provided during the year 500
At 31 March 2024 1,500
Net book value
At 31 March 2024 500
At 31 March 2023 1,000
Website costs are being written off in equal annual instalments over their estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 22,979 13,845 36,824
Additions 3,167 3,000 6,167
Disposals - (4,845) (4,845)
At 31 March 2024 26,146 12,000 38,146
Depreciation
At 1 April 2023 11,984 2,770 14,754
Charge for the year 6,536 1,200 7,736
On disposals - (969) (969)
At 31 March 2024 18,520 3,001 21,521
Net book value
At 31 March 2024 7,626 8,999 16,625
At 31 March 2023 10,995 11,075 22,070
5 Debtors 2024 2023
£ £
Trade debtors 5,900 -
Other debtors - 1,042
5,900 1,042
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,418 -
Trade creditors - 320
Taxation and social security costs 15,325 6,871
Director's loan account 131,787 112,537
Other creditors 500 9,005
166,030 128,733
7 Other information
Just a Van? Limited is a private company limited by shares and incorporated in England. Its registered office is:
440 OakfieldClose
Tewkesbury Business Park
Tewkesbury
GL20 8PF
Just a Van? Limited 13237302 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 P Carpenter No description of principal activity 13237302 2022-04-01 2023-03-31 13237302 core:WithinOneYear 2023-03-31 13237302 core:ShareCapital 2023-03-31 13237302 core:RetainedEarningsAccumulatedLosses 2023-03-31 13237302 2023-04-01 2024-03-31 13237302 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13237302 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13237302 bus:Director40 2023-04-01 2024-03-31 13237302 1 2023-04-01 2024-03-31 13237302 2 2023-04-01 2024-03-31 13237302 core:Goodwill 2023-04-01 2024-03-31 13237302 core:PlantMachinery 2023-04-01 2024-03-31 13237302 core:Vehicles 2023-04-01 2024-03-31 13237302 countries:England 2023-04-01 2024-03-31 13237302 bus:FRS102 2023-04-01 2024-03-31 13237302 bus:FilletedAccounts 2023-04-01 2024-03-31 13237302 2024-03-31 13237302 core:WithinOneYear 2024-03-31 13237302 core:ShareCapital 2024-03-31 13237302 core:RetainedEarningsAccumulatedLosses 2024-03-31 13237302 core:Goodwill 2024-03-31 13237302 core:PlantMachinery 2024-03-31 13237302 core:Vehicles 2024-03-31 13237302 2023-03-31 13237302 core:Goodwill 2023-03-31 13237302 core:PlantMachinery 2023-03-31 13237302 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure