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REGISTERED NUMBER: 06370081 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

JUST TOPS (MK) LIMITED

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JUST TOPS (MK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: G T Murray





SECRETARY: Mrs C J Catlow





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 06370081 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9a High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 868,938 420,170
868,938 420,170

CURRENT ASSETS
Stocks 4,472 6,000
Debtors 6 14,106 33,729
Cash at bank and in hand 35,933 101,434
54,511 141,163
CREDITORS
Amounts falling due within one year 7 170,169 171,850
NET CURRENT LIABILITIES (115,658 ) (30,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,280

389,483

CREDITORS
Amounts falling due after more than one year 8 (227,485 ) (292,710 )

PROVISIONS FOR LIABILITIES (15,034 ) (25,913 )
NET ASSETS 510,761 70,860

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 445,885 -
Retained earnings 64,676 70,660
SHAREHOLDERS' FUNDS 510,761 70,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 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 26th June 2025 and were signed by:





G T Murray - Director


JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Just Tops (MK) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 costs.

Development costs are being amortised evenly over their estimated useful life of one year,

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st October 2023
and 30th September 2024 1,187
AMORTISATION
At 1st October 2023
and 30th September 2024 1,187
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st October 2023 354,115 353,205 7,455
Additions - - -
Disposals - - -
Revaluations 445,885 - -
At 30th September 2024 800,000 353,205 7,455
DEPRECIATION
At 1st October 2023 66,134 271,617 7,455
Charge for year - 46,448 -
Eliminated on disposal (66,134 ) - -
At 30th September 2024 - 318,065 7,455
NET BOOK VALUE
At 30th September 2024 800,000 35,140 -
At 30th September 2023 287,981 81,588 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st October 2023 123,605 19,241 857,621
Additions - 1,251 1,251
Disposals (7,500 ) - (7,500 )
Revaluations - - 445,885
At 30th September 2024 116,105 20,492 1,297,257
DEPRECIATION
At 1st October 2023 75,434 16,811 437,451
Charge for year 10,988 2,847 60,283
Eliminated on disposal (3,281 ) - (69,415 )
At 30th September 2024 83,141 19,658 428,319
NET BOOK VALUE
At 30th September 2024 32,964 834 868,938
At 30th September 2023 48,171 2,430 420,170

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2024 457,165 - -
Cost 342,835 353,205 7,455
800,000 353,205 7,455

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 457,165
Cost 116,105 20,492 840,092
116,105 20,492 1,297,257

Freehold property value repaired in the year to remain at market value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1st October 2023
and 30th September 2024 31,795 77,750 109,545
DEPRECIATION
At 1st October 2023 31,795 36,678 68,473
Charge for year - 10,268 10,268
At 30th September 2024 31,795 46,946 78,741
NET BOOK VALUE
At 30th September 2024 - 30,804 30,804
At 30th September 2023 - 41,072 41,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,106 30,282
Other debtors - 3,447
14,106 33,729

JUST TOPS (MK) LIMITED (REGISTERED NUMBER: 06370081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,144 7,144
Hire purchase contracts 5,474 297
Trade creditors 32,655 37,635
Taxation and social security 33,075 25,734
Other creditors 91,821 101,040
170,169 171,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 184,689 189,662
Hire purchase contracts 11,546 21,311
Other creditors 31,250 81,737
227,485 292,710

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 154,362 159,335

9. CHARGES

National Westminster Bank Plc has a fixed charge the undertaking of the business and over Units 1, 2 and 3, The Old Coachworks, Fenny Stratford, Milton Keynes, Buckinghamshire.