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REGISTERED NUMBER: 04384990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Just I Limited

Just I Limited (Registered number: 04384990)






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

Chartered Accountants' Report 9

Just I Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms L Mackie





SECRETARY: Ms A Mackie





REGISTERED OFFICE: Studio 5
1st Floor Battersea Studios 2
80 - 82 Silverthorne Road
London
SW8 3HE





REGISTERED NUMBER: 04384990 (England and Wales)





ACCOUNTANTS: Payne & Co
Chartered Accountants
16 Ingham Road
West Hampstead
London
NW6 1DE

Just I Limited (Registered number: 04384990)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,885 19,931
Tangible assets 5 3,945 3,599
22,830 23,530

CURRENT ASSETS
Stocks 6 90,000 80,000
Debtors 7 260,030 355,995
Cash at bank 153,169 5,952
503,199 441,947
CREDITORS
Amounts falling due within one year 8 176,237 179,550
NET CURRENT ASSETS 326,962 262,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,792

285,927

CREDITORS
Amounts falling due after more than one year 9 (11,667 ) (21,667 )

PROVISIONS FOR LIABILITIES 11 (5,708 ) (5,882 )
NET ASSETS 332,417 258,378

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12 332,416 258,377
SHAREHOLDERS' FUNDS 332,417 258,378

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 her 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 I Limited (Registered number: 04384990)

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 17 December 2024 and were signed by:





Ms L Mackie - Director


Just I Limited (Registered number: 04384990)

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

1. STATUTORY INFORMATION

Just I 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.

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 derives wholly from the principle activity of the company and is stated net of value added tax.

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.

Amortisation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Software development - 33.33% per annum on net book value
Web design - 33.33% per annum on net book value

Tangible fixed assets
Fixed assets are recorded at costs.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Computer Equipment - 33% per annum on net book value ; and
Plant & Machinery - 20% per annum on cost ; and
Furniture & Fixtures - 20% per annum on cost: and

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost to disposal.

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 I Limited (Registered number: 04384990)

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

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.

Foreign currency transactions
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities for currencies are translated into sterling at the rate of exchange ruling at the end of the financial year. All exchange differences are dealt within the profit and loss account.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 22,000
Additions 6,500
At 31 March 2024 28,500
AMORTISATION
At 1 April 2023 2,069
Charge for year 7,546
At 31 March 2024 9,615
NET BOOK VALUE
At 31 March 2024 18,885
At 31 March 2023 19,931

Just I Limited (Registered number: 04384990)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,706
Additions 1,999
At 31 March 2024 12,705
DEPRECIATION
At 1 April 2023 7,107
Charge for year 1,653
At 31 March 2024 8,760
NET BOOK VALUE
At 31 March 2024 3,945
At 31 March 2023 3,599

6. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 90,000 80,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 181,276 249,859
Other debtors 78,754 106,136
260,030 355,995

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 84,792 86,777
Taxation and social security 67,681 63,863
Other creditors 13,764 18,910
176,237 179,550

Just I Limited (Registered number: 04384990)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 21,667 31,667

Security for the loan is provided by government backing to the extent of 80% and the remaining 20% is secured by a floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 5,708 5,882

Deferred
tax
£   
Balance at 1 April 2023 5,882
Provided during year (174 )
Balance at 31 March 2024 5,708

12. RESERVES
Retained
earnings
£   

At 1 April 2023 258,377
Profit for the year 101,039
Dividends (27,000 )
At 31 March 2024 332,416

Just I Limited (Registered number: 04384990)

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

13. 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
£    £   
Ms L Mackie
Balance outstanding at start of year 102,696 15,594
Amounts advanced - 102,696
Amounts repaid (41,050 ) (15,594 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,646 102,696

14. CONTROLLING PARTY

The controlling party is Ms L Mackie.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Just I Limited

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 I Limited for the year ended 31 March 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Just I Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Just I Limited and state those matters that we have agreed to state to the director of Just I Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Just I Limited and its director for our work or for this report.

It is your duty to ensure that Just I Limited 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 I Limited. You consider that Just I Limited 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 I Limited. 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.






Payne & Co
Chartered Accountants
16 Ingham Road
West Hampstead
London
NW6 1DE


Date: .............................................