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REGISTERED NUMBER: SC524886 (Scotland)




















JUST FINANCIAL GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






JUST FINANCIAL GROUP LTD (REGISTERED NUMBER: SC524886)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

JUST FINANCIAL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: D V Chandan
G A Watt
A S Parpia





SECRETARY: D V Chandan





REGISTERED OFFICE: 200 Bath Street
2nd Floor
Glasgow
G2 4HG





REGISTERED NUMBER: SC524886 (Scotland)





ACCOUNTANTS: JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD

JUST FINANCIAL GROUP LTD (REGISTERED NUMBER: SC524886)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,821 20,633
Tangible assets 5 6,845 15,028
14,666 35,661

CURRENT ASSETS
Debtors 6 - 680
Prepayments and accrued income 21,988 38,761
Cash at bank and in hand 314,137 308,530
336,125 347,971
CREDITORS
Amounts falling due within one year 7 19,118 34,021
NET CURRENT ASSETS 317,007 313,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,673

349,611

PROVISIONS FOR LIABILITIES 8 (1,301 ) (2,855 )

ACCRUALS AND DEFERRED INCOME (9,087 ) (6,302 )
NET ASSETS 321,285 340,454

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 9 321,165 340,334
321,285 340,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





D V Chandan - Director


JUST FINANCIAL GROUP LTD (REGISTERED NUMBER: SC524886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Just Financial Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

JUST FINANCIAL GROUP LTD (REGISTERED NUMBER: SC524886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 61,344 390 61,734
AMORTISATION
At 1 February 2023 40,880 221 41,101
Amortisation for year 12,734 78 12,812
At 31 January 2024 53,614 299 53,913
NET BOOK VALUE
At 31 January 2024 7,730 91 7,821
At 31 January 2023 20,464 169 20,633

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 3,107 13,468 51,016 67,591
Additions - - 2,351 2,351
At 31 January 2024 3,107 13,468 53,367 69,942
DEPRECIATION
At 1 February 2023 2,538 10,238 39,787 52,563
Charge for year 569 1,503 8,462 10,534
At 31 January 2024 3,107 11,741 48,249 63,097
NET BOOK VALUE
At 31 January 2024 - 1,727 5,118 6,845
At 31 January 2023 569 3,230 11,229 15,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,453 -
Taxation and social security 10,383 28,260
Other creditors 5,282 5,761
19,118 34,021

JUST FINANCIAL GROUP LTD (REGISTERED NUMBER: SC524886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,301 2,855

Deferred
tax
£   
Balance at 1 February 2023 2,855
Provided during year (1,554 )
Balance at 31 January 2024 1,301

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess taxation allowance over depreciation on fixed assets.

9. RESERVES
Retained
earnings
£   

At 1 February 2023 340,334
Deficit for the year (19,169 )
At 31 January 2024 321,165

10. OTHER FINANCIAL COMMITMENTS

The company has financial commitments amounting to £44,996 (2023 £62,414) for office rental payments and £87,270 (2023 £103,381) for equipment rental payments.

11. PARENT COMPANY

The company's parent company is Just Financial Holdings Limited, a company incorporated in Scotland, having its registered office at 200 Bath Street, Glasgow, G2 4HG. Copies of the accounts of this company are available from the Registrar of Companies, Edinburgh.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JUST FINANCIAL GROUP LTD

The following reproduces the text of the report prepared for the directors 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 Directors 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 Financial Group Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Just Financial Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Just Financial Group Ltd and state those matters that we have agreed to state to the Board of Directors of Just Financial Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Just Financial Group 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 loss of Just Financial Group Ltd. You consider that Just Financial Group 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 Financial Group 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.






JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD


8 July 2024