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REGISTERED NUMBER: 13257980 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Just Vape & Juices Limited

Just Vape & Juices Limited (Registered number: 13257980)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Just Vape & Juices Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C W Standen





REGISTERED OFFICE: 276a Hitchin Road
Henlow Camp
Henlow
SG16 6DP





REGISTERED NUMBER: 13257980 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Just Vape & Juices Limited (Registered number: 13257980)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,316 3,194

CURRENT ASSETS
Stocks 5 153,846 60,000
Debtors 6 57,303 3,500
Cash at bank 10,088 61,267
221,237 124,767
CREDITORS
Amounts falling due within one year 7 93,145 22,596
NET CURRENT ASSETS 128,092 102,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,408

105,365

CREDITORS
Amounts falling due after more than
one year

8

-

(41,351

)

PROVISIONS FOR LIABILITIES 9 (4,588 ) (607 )
NET ASSETS 140,820 63,407

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 140,818 63,405
SHAREHOLDERS' FUNDS 140,820 63,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Vape & Juices Limited (Registered number: 13257980)

Balance Sheet - continued
31 March 2024


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 22 November 2024 and were signed by:





C W Standen - Director


Just Vape & Juices Limited (Registered number: 13257980)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Just Vape & Juices 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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

Just Vape & Juices Limited (Registered number: 13257980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 - 703 3,236
Additions 5,938 1,488 1,290
At 31 March 2024 5,938 2,191 4,526
DEPRECIATION
At 1 April 2023 - 140 733
Charge for year 1,187 411 759
At 31 March 2024 1,187 551 1,492
NET BOOK VALUE
At 31 March 2024 4,751 1,640 3,034
At 31 March 2023 - 563 2,503

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 561 4,500
Additions 7,560 2,176 18,452
At 31 March 2024 7,560 2,737 22,952
DEPRECIATION
At 1 April 2023 - 433 1,306
Charge for year 1,512 461 4,330
At 31 March 2024 1,512 894 5,636
NET BOOK VALUE
At 31 March 2024 6,048 1,843 17,316
At 31 March 2023 - 128 3,194

Just Vape & Juices Limited (Registered number: 13257980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 153,846 60,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 57,303 3,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,158 -
Taxation and social security 76,739 19,663
Other creditors 3,248 2,933
93,145 22,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 41,351

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,588 607

Deferred
tax
£   
Balance at 1 April 2023 607
Charge to Income Statement during year 3,981
Balance at 31 March 2024 4,588

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

Just Vape & Juices Limited (Registered number: 13257980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 63,405
Profit for the year 130,413
Dividends (53,000 )
At 31 March 2024 140,818

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
C W Standen
Balance outstanding at start of year - -
Amounts advanced 35,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,000 -

A short term loan of £35,000 was made to the Director. This was repaid after the year end, a commercial rate of interest was charged.

13. ULTIMATE CONTROLLING PARTY

The controlling party is C W Standen.