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REGISTERED NUMBER: 06980766 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JUSTOP LIMITED

JUSTOP LIMITED (REGISTERED NUMBER: 06980766)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUSTOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: C Liu





REGISTERED OFFICE: Unit G
Freeth Street
Meadow Lane Industrial Estate
Nottingham
Nottinghamshire
NG2 3GT





REGISTERED NUMBER: 06980766 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

JUSTOP LIMITED (REGISTERED NUMBER: 06980766)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,757 2,571

CURRENT ASSETS
Stocks 266,207 310,810
Debtors 5 115,055 65,975
Cash at bank 47,553 47,322
428,815 424,107
CREDITORS
Amounts falling due within one year 6 162,471 129,816
NET CURRENT ASSETS 266,344 294,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,101

296,862

CREDITORS
Amounts falling due after more than one
year

7

-

49,248
NET ASSETS 269,101 247,614

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 259,101 237,614
SHAREHOLDERS' FUNDS 269,101 247,614

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

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

JUSTOP LIMITED (REGISTERED NUMBER: 06980766)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





C Liu - Director


JUSTOP LIMITED (REGISTERED NUMBER: 06980766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Justop 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 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.
Improvements to property - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all costs incurred in bringing each product to its present location and condition which includes
invoice cost plus freight and duty. Stock is valued using a first in first out basis. Net realisable value is based on estimated selling price less any further costs expected to be incurred to disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

JUSTOP LIMITED (REGISTERED NUMBER: 06980766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 13,516 27,518 775 41,809
Additions - 762 - 762
At 31 August 2024 13,516 28,280 775 42,571
DEPRECIATION
At 1 September 2023 13,516 24,947 775 39,238
Charge for year - 576 - 576
At 31 August 2024 13,516 25,523 775 39,814
NET BOOK VALUE
At 31 August 2024 - 2,757 - 2,757
At 31 August 2023 - 2,571 - 2,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 30,939 28,420
Other debtors 68,180 15,000
Prepayments 15,936 22,555
115,055 65,975

JUSTOP LIMITED (REGISTERED NUMBER: 06980766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 32,913 8,760
Trade creditors 78,210 62,564
Corporation tax 5,490 1,015
Social security and other taxes 31,370 30,484
Other creditors 9,636 9,341
Directors' current accounts 1,110 14,090
Accrued expenses 3,742 3,562
162,471 129,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans within 2 years - 8,760
Bank loans within 2 - 5 years - 26,280
Bank loans more than 5 years
by instalments - 14,208
- 49,248

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments - 14,208
- 14,208

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 32,913 58,008

The bank loan is secured by a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

10. RELATED PARTY DISCLOSURES

Included in other debtors is a loan to C&J Developments Limited amounting to £68,180. C&J is incorporated in England and is under common control.