REGISTERED NUMBER: 04662863 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JUST LOOS.COM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C A M Madon

REGISTERED OFFICE:

Paddock Barn

Manor Farm

Itchen Stoke

Hampshire

SO24 0QT

REGISTERED NUMBER:

04662863 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Joyce FCCA

AUDITORS:

Hysons Audit Services Ltd, Statutory Auditor

14 London Street

Andover

Hampshire

SP10 2PA

BANKERS:

NatWest Bank plc

3 London Street

Old Market Square

Basingstoke

Hampshire

RG21 7NS

FIXED ASSETS

Tangible assets

5

1,448,043

1,519,720

CURRENT ASSETS

Stocks

139,606

94,933

Debtors

6

246,253

233,416

Cash at bank and in hand

287,207

395,034

673,066

723,383

CREDITORS

Amounts falling due within one year

7

588,513

894,713

NET CURRENT ASSETS/(LIABILITIES)

84,553

(171,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,532,596

1,348,390

CREDITORS

Amounts falling due after more than one year

8

(111,249

)

(81,886

)

PROVISIONS FOR LIABILITIES

(358,407

)

(373,734

)

NET ASSETS

1,062,940

892,770

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,062,840

892,670

1,062,940

892,770

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 29 April 2025 and were signed by:

Mr C A M Madon - Director

1.	STATUTORY INFORMATION

Just Loos.com 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost and 6.66% on cost

Motor vehicles

-

20% on cost

Office and computer equipment

-

20% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

5.	TANGIBLE FIXED ASSETS

Office

and

Short

Plant and

Motor

computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

22,380

2,475,970

399,810

25,698

2,923,858

Additions

2,709

142,869

-

6,176

151,754

Disposals

(22,380

)

(127,748

)

(131,831

)

(9,057

)

(291,016

)

At 31 December 2024

2,709

2,491,091

267,979

22,817

2,784,596

DEPRECIATION

At 1 January 2024

22,380

1,091,598

274,829

15,331

1,404,138

Charge for year

497

171,700

35,570

3,901

211,668

Eliminated on disposal

(22,380

)

(127,748

)

(120,399

)

(8,726

)

(279,253

)

At 31 December 2024

497

1,135,550

190,000

10,506

1,336,553

NET BOOK VALUE

At 31 December 2024

2,212

1,355,541

77,979

12,311

1,448,043

At 31 December 2023

-

1,384,372

124,981

10,367

1,519,720

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

119,336

98,430

217,766

Additions

84,584

-

84,584

Transfer to ownership

(48,448

)

-

(48,448

)

At 31 December 2024

155,472

98,430

253,902

DEPRECIATION

At 1 January 2024

17,254

31,169

48,423

Charge for year

11,704

19,686

31,390

Transfer to ownership

(16,940

)

-

(16,940

)

At 31 December 2024

12,018

50,855

62,873

NET BOOK VALUE

At 31 December 2024

143,454

47,575

191,029

At 31 December 2023

102,082

67,261

169,343

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

155,431

173,528

Other debtors

90,822

59,888

246,253

233,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

72,880

61,011

Trade creditors

120,872

143,378

Amounts owed to associates

11,865

388,887

Taxation and social security

212,303

198,922

Other creditors

170,593

102,515

588,513

894,713

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

111,249

81,886

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

72,880

61,011

Between one and five years

111,249

81,886

184,129

142,897

Non-cancellable

operating leases

2024

2023

£

£

Within one year

39,000

39,000

Between one and five years

26,000

65,000

65,000

104,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

184,129

142,897

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Joyce FCCA (Senior Statutory Auditor)

for and on behalf of Hysons Audit Services Ltd, Statutory Auditor

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Redpath Holdco 1 Ltd.

The ultimate controlling party is Mr C A M Madon.