Registered number
06095790
Justo Limited
Filleted Accounts
29 February 2024
Justo Limited
Registered number: 06095790
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 107,802 119,292
Current assets
Debtors 4 955,274 48,158
Cash at bank and in hand 9,665 760,387
964,939 808,545
Creditors: amounts falling due within one year 5 (749,241) (551,171)
Net current assets 215,698 257,374
Total assets less current liabilities 323,500 376,666
Creditors: amounts falling due after more than one year 6 (94,922) (162,780)
Provisions for liabilities (20,484) (22,667)
Net assets 208,094 191,219
Capital and reserves
Called up share capital 100 100
Profit and loss account 207,994 191,119
Shareholders' funds 208,094 191,219
The directors are 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 directors acknowledge their 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.
Robert Czaplinski
Director
Approved by the board on 29 November 2024
Justo Limited
Notes to the Accounts
for the year ended 29 February 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.
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 5 years
Fixtures, fittings, tools and equipment over 5 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 334,764 71,606 406,370
Additions 36,375 - 36,375
At 29 February 2024 371,139 71,606 442,745
Depreciation
At 1 March 2023 264,522 22,556 287,078
Charge for the year 35,465 12,400 47,865
At 29 February 2024 299,987 34,956 334,943
Net book value
At 29 February 2024 71,152 36,650 107,802
At 28 February 2023 70,242 49,050 119,292
4 Debtors 2024 2023
£ £
Trade debtors 58,691 48,158
Amounts owed by group undertakings and undertakings in which the company has a participating interest 896,583 -
955,274 48,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 58,000 58,000
Obligations under finance lease and hire purchase contracts 30,581 25,463
Trade creditors 417,532 347,450
Taxation and social security costs 184,083 93,908
Other creditors 59,045 26,350
749,241 551,171
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 61,793 123,358
Obligations under finance lease and hire purchase contracts 33,129 39,422
94,922 162,780
7 Other information
Justo Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Kerrington Court
314 Ladbroke Grove
London
W10 5NQ
Justo Limited 06095790 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Robert Czaplinski No description of principal activity 06095790 2022-03-01 2023-02-28 06095790 core:WithinOneYear 2023-02-28 06095790 core:AfterOneYear 2023-02-28 06095790 core:ShareCapital 2023-02-28 06095790 core:RetainedEarningsAccumulatedLosses 2023-02-28 06095790 2023-03-01 2024-02-29 06095790 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06095790 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06095790 bus:Director40 2023-03-01 2024-02-29 06095790 1 2023-03-01 2024-02-29 06095790 2 2023-03-01 2024-02-29 06095790 core:PlantMachinery 2023-03-01 2024-02-29 06095790 core:Vehicles 2023-03-01 2024-02-29 06095790 countries:England 2023-03-01 2024-02-29 06095790 bus:FRS102 2023-03-01 2024-02-29 06095790 bus:FilletedAccounts 2023-03-01 2024-02-29 06095790 2024-02-29 06095790 core:WithinOneYear 2024-02-29 06095790 core:AfterOneYear 2024-02-29 06095790 core:ShareCapital 2024-02-29 06095790 core:RetainedEarningsAccumulatedLosses 2024-02-29 06095790 core:PlantMachinery 2024-02-29 06095790 core:Vehicles 2024-02-29 06095790 2023-02-28 06095790 core:PlantMachinery 2023-02-28 06095790 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure