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REGISTERED NUMBER: 04909478 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Just The Answer Ltd

Just The Answer Ltd (Registered number: 04909478)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Just The Answer Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Adrian Worrall





SECRETARY: Adrian Worrall





REGISTERED OFFICE: 4 De Salis Court
Hampton Lovett
Droitwich, Worcestershire,
WR9 0QE





REGISTERED NUMBER: 04909478 (England and Wales)





ACCOUNTANTS: TAG Accountants Group Limited
Unit 8, Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

Just The Answer Ltd (Registered number: 04909478)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 286,576 294,901

CURRENT ASSETS
Debtors 5 514,601 425,671
Cash at bank and in hand 880,813 796,170
1,395,414 1,221,841
CREDITORS
Amounts falling due within one year 6 823,117 831,524
NET CURRENT ASSETS 572,297 390,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,873

685,218

PROVISIONS FOR LIABILITIES 2,651 11,940
NET ASSETS 856,222 673,278

CAPITAL AND RESERVES
Called up share capital 178 178
Capital redemption reserve 20 20
Retained earnings 856,024 673,080
856,222 673,278

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

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

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 22 July 2025 and were signed by:





Adrian Worrall - Director


Just The Answer Ltd (Registered number: 04909478)

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

1. STATUTORY INFORMATION

Just The Answer Ltd 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.

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
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:

Buildings (incl. fixtures & integral features) - over 40 years
Plant, tools, furniture and equipment - over 3 years

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.

Foreign currencies translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Just The Answer Ltd (Registered number: 04909478)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 323,985 346,547 670,532
Additions - 8,649 8,649
At 31 October 2024 323,985 355,196 679,181
DEPRECIATION
At 1 November 2023 39,912 335,719 375,631
Charge for year 8,100 8,874 16,974
At 31 October 2024 48,012 344,593 392,605
NET BOOK VALUE
At 31 October 2024 275,973 10,603 286,576
At 31 October 2023 284,073 10,828 294,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 252,362 22,926
Other debtors 262,239 402,745
514,601 425,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 265,920 351,670
Taxation and social security 84,942 17,875
Other creditors 472,255 461,979
823,117 831,524

7. DEFERRED INCOME AND REVENUE RECOGNITION

Deferred income includes advances paid by clients prior to commencement of the contract,and where no recoverable expenditure has been recognised in the profit and loss account. It also includes income deferred under the revenue recognition rules (percentage completion method).

Just The Answer Ltd (Registered number: 04909478)

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

8. OTHER FINANCIAL COMMITMENTS

2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 2,715 2,715