IRIS Accounts Production v25.1.0.734 05866254 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058662542023-07-31058662542024-07-31058662542023-08-012024-07-31058662542022-07-31058662542022-08-012023-07-31058662542023-07-3105866254ns15:EnglandWales2023-08-012024-07-3105866254ns14:PoundSterling2023-08-012024-07-3105866254ns10:Director12023-08-012024-07-3105866254ns10:Director22023-08-012024-07-3105866254ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105866254ns10:SmallEntities2023-08-012024-07-3105866254ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105866254ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105866254ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105866254ns10:FullAccounts2023-08-012024-07-3105866254ns10:OrdinaryShareClass12023-08-012024-07-3105866254ns5:CurrentFinancialInstruments2024-07-3105866254ns5:CurrentFinancialInstruments2023-07-3105866254ns5:ShareCapital2024-07-3105866254ns5:ShareCapital2023-07-3105866254ns5:RetainedEarningsAccumulatedLosses2024-07-3105866254ns5:RetainedEarningsAccumulatedLosses2023-07-3105866254ns10:RegisteredOffice2023-08-012024-07-3105866254ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3105866254ns5:LeaseholdImprovements2023-08-012024-07-3105866254ns5:PlantMachinery2023-08-012024-07-3105866254ns5:FurnitureFittings2023-08-012024-07-3105866254ns5:MotorVehicles2023-08-012024-07-3105866254ns5:ComputerEquipment2023-08-012024-07-3105866254ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3105866254ns5:LeaseholdImprovements2023-07-3105866254ns5:PlantMachinery2023-07-3105866254ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3105866254ns5:LeaseholdImprovements2024-07-3105866254ns5:PlantMachinery2024-07-3105866254ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3105866254ns5:LeaseholdImprovements2023-07-3105866254ns5:PlantMachinery2023-07-3105866254ns5:FurnitureFittings2023-07-3105866254ns5:MotorVehicles2023-07-3105866254ns5:ComputerEquipment2023-07-3105866254ns5:FurnitureFittings2024-07-3105866254ns5:MotorVehicles2024-07-3105866254ns5:ComputerEquipment2024-07-3105866254ns5:FurnitureFittings2023-07-3105866254ns5:MotorVehicles2023-07-3105866254ns5:ComputerEquipment2023-07-3105866254ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105866254ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3105866254ns5:WithinOneYear2024-07-3105866254ns5:WithinOneYear2023-07-3105866254ns5:BetweenOneFiveYears2024-07-3105866254ns5:BetweenOneFiveYears2023-07-3105866254ns5:AllPeriods2024-07-3105866254ns5:AllPeriods2023-07-3105866254ns5:DeferredTaxation2023-07-3105866254ns5:DeferredTaxation2023-08-012024-07-3105866254ns5:DeferredTaxation2024-07-3105866254ns10:OrdinaryShareClass12024-07-3105866254ns10:Director222023-07-3105866254ns10:Director222022-07-3105866254ns10:Director222023-08-012024-07-3105866254ns10:Director222022-08-012023-07-3105866254ns10:Director222024-07-3105866254ns10:Director222023-07-31058662541ns10:Director12023-07-31058662541ns10:Director12022-07-31058662541ns10:Director12023-08-012024-07-31058662541ns10:Director12022-08-012023-07-31058662541ns10:Director12024-07-31058662541ns10:Director12023-07-31
REGISTERED NUMBER: 05866254 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Just Plain Sense Ltd.

Just Plain Sense Ltd. (Registered number: 05866254)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 54,203 59,360

CURRENT ASSETS
Stocks 4,647 6,026
Debtors 5 2,475,801 2,145,161
Prepayments and accrued income 540,485 6,930
Cash at bank and in hand 1,411,288 799,053
4,432,221 2,957,170
CREDITORS
Amounts falling due within one year 6 3,107,196 2,116,880
NET CURRENT ASSETS 1,325,025 840,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379,228

899,650

PROVISIONS FOR LIABILITIES 8 914 256
NET ASSETS 1,378,314 899,394

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,378,214 899,294
SHAREHOLDERS' FUNDS 1,378,314 899,394

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Just Plain Sense Ltd. (Registered number: 05866254)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:




S P Harborne - Director



L D Needham - Director


Just Plain Sense Ltd. (Registered number: 05866254)

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

1. STATUTORY INFORMATION

Just Plain Sense Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05866254

Registered office: Fishpools Farm
Main Street
Frankton
Warwickshire
CV23 9PB

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.
Hangar - 20% on reducing balance
Plant & machinery - 25% on reducing balance
Office Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Plain Sense Ltd. (Registered number: 05866254)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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






3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant & Office
Hangar machinery Equipment
£    £    £   
COST
At 1 August 2023 68,469 2,100 2,780
Additions - - -
Disposals - - -
At 31 July 2024 68,469 2,100 2,780
DEPRECIATION
At 1 August 2023 42,176 420 1,468
Charge for year 5,259 336 263
Eliminated on disposal - - -
At 31 July 2024 47,435 756 1,731
NET BOOK VALUE
At 31 July 2024 21,034 1,344 1,049
At 31 July 2023 26,293 1,680 1,312

Just Plain Sense Ltd. (Registered number: 05866254)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 5,527 112,755 44,655 236,286
Additions - 19,291 1,237 20,528
Disposals - (36,072 ) - (36,072 )
At 31 July 2024 5,527 95,974 45,892 220,742
DEPRECIATION
At 1 August 2023 4,821 90,755 37,286 176,926
Charge for year 141 8,148 2,840 16,987
Eliminated on disposal - (27,374 ) - (27,374 )
At 31 July 2024 4,962 71,529 40,126 166,539
NET BOOK VALUE
At 31 July 2024 565 24,445 5,766 54,203
At 31 July 2023 706 22,000 7,369 59,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,254,062 1,709,046
Other debtors 1,221,739 436,115
2,475,801 2,145,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,053,514 996,286
Taxation and social security 180,523 122,442
Other creditors 1,873,159 998,152
3,107,196 2,116,880

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 29,100 29,100
Between one and five years 116,400 116,400
145,500 145,500

Just Plain Sense Ltd. (Registered number: 05866254)

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

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 914 256

Deferred
tax
£   
Balance at 1 August 2023 256
Provided during year 658
Balance at 31 July 2024 914

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
L D Needham
Balance outstanding at start of year 167,568 53,420
Amounts advanced 98,959 204,148
Amounts repaid (167,568 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,959 167,568

S P Harborne
Balance outstanding at start of year 42,384 471,098
Amounts advanced 1,321,022 42,384
Amounts repaid (579,432 ) (471,098 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 783,974 42,384

Beneficial loan interest at a rate of 2.25% pa has been calculated and paid on any overdrawn balances during the year.

The loan account of Shaun P Harborne was repaid on 3rd April 2025.

The loan account of Luke D Needham was repaid on 3rd April 2025.

Just Plain Sense Ltd. (Registered number: 05866254)

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

11. RELATED PARTY DISCLOSURES


S P Harborne controls Shaun P Harborne Ltd. as director and shareholder.
S P Harborne and L D Needham control In Spa Solutions Ltd as directors and shareholders.
S P Harborne and Mrs J A Harborne control Haroe Ltd as directors and
shareholders.


The following transactions occurred during the year: 2024 2023
£    £   

Shaun P Harborne Ltd to Just Plain Sense Ltd

Purchases 50,000 11,500
Consultancy 213,900 203,317
Rent 81,796 80,406
Hangarage 28,510 -

In Spa Solutions Ltd to Just Plain Sense Ltd

Consultancy 280,000 50,000

Haroe Ltd to Just Plain Sense Ltd

Interest - 140

Indebtedness
At the Balance Sheet date, the amounts due to/(from) the above
businesses were:

Shaun P Harborne Ltd (215,490 ) (54,134 )

In Spa Solutions Ltd 332,922 402,402

Haroe Ltd 26,400 (3,599 )


12. ULTIMATE CONTROLLING PARTY

During the year ended 31st July 2024, Shaun P Harborne, a director, controlled the company by virtue of a controlling interest of 85% of the issued ordinary share capital.