Registered number
08488412
Just R Limited
Unaudited Filleted Accounts
5 April 2024
Just R Limited
Registered number: 08488412
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,084 33,682
Current assets
Debtors 4 20,925 401,075
Cash at bank and in hand 232,550 391,596
253,475 792,671
Creditors: amounts falling due within one year 5 (180,248) (469,176)
Net current assets 73,227 323,495
Total assets less current liabilities 84,311 357,177
Creditors: amounts falling due after more than one year 6 (29,028) (34,494)
Net assets 55,283 322,683
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,183 322,583
Shareholders' funds 55,283 322,683
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.
Mrs R Bagshaw
Director
Approved by the board on 18 June 2024
Just R Limited
Notes to the Accounts
for the year ended 5 April 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
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 12 21
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 6 April 2023 16,842 33,563 50,405
Additions - 1,007 1,007
Disposals (16,842) - (16,842)
At 5 April 2024 - 34,570 34,570
Depreciation
At 6 April 2023 - 16,723 16,723
Charge for the year - 6,763 6,763
At 5 April 2024 - 23,486 23,486
Net book value
At 5 April 2024 - 11,084 11,084
At 5 April 2023 16,842 16,840 33,682
4 Debtors 2024 2023
£ £
Trade debtors 17,550 393,350
Other debtors 3,375 7,725
20,925 401,075
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,480 6,600
Trade creditors 62 4,284
Taxation and social security costs 20,469 87,029
Other creditors 153,237 371,263
180,248 469,176
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,028 34,494
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 14,167 24,167
8 Controlling party
The ultimate control of the compnay lies with Mrs R Bagshaw by virtue of her 51% shareholding.
9 Other information
Just R Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Carlyle's Court
Carlisle
CA3 8YR
Just R Limited 08488412 false 2023-04-06 2024-04-05 2024-04-05 VT Final Accounts July 2024 Mrs R Bagshaw No description of principal activity 08488412 2022-04-06 2023-04-05 08488412 core:WithinOneYear 2023-04-05 08488412 core:AfterOneYear 2023-04-05 08488412 core:ShareCapital 2023-04-05 08488412 core:RetainedEarningsAccumulatedLosses 2023-04-05 08488412 core:AllPeriods 2023-04-05 08488412 2023-04-06 2024-04-05 08488412 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 08488412 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 08488412 bus:Director40 2023-04-06 2024-04-05 08488412 1 2023-04-06 2024-04-05 08488412 2 2023-04-06 2024-04-05 08488412 core:LandBuildings 2023-04-06 2024-04-05 08488412 core:PlantMachinery 2023-04-06 2024-04-05 08488412 countries:England 2023-04-06 2024-04-05 08488412 bus:FRS102 2023-04-06 2024-04-05 08488412 bus:FilletedAccounts 2023-04-06 2024-04-05 08488412 2024-04-05 08488412 core:WithinOneYear 2024-04-05 08488412 core:AfterOneYear 2024-04-05 08488412 core:ShareCapital 2024-04-05 08488412 core:RetainedEarningsAccumulatedLosses 2024-04-05 08488412 core:LandBuildings 2024-04-05 08488412 core:PlantMachinery 2024-04-05 08488412 core:AllPeriods 2024-04-05 08488412 2023-04-05 08488412 core:LandBuildings 2023-04-05 08488412 core:PlantMachinery 2023-04-05 iso4217:GBP xbrli:pure