REGISTERED NUMBER: 09741925 (England and Wales)

Just Paper Tubes Ltd

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Coates

Mrs S A Coates

H Coates

Dr G Coates

SECRETARY:

K Coates

REGISTERED OFFICE:

Railway Mill

Lowmoor Road

Cliffe Common

Selby

North Yorkshire

YO8 6EF

REGISTERED NUMBER:

09741925 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

1,325,130

1,054,004

CURRENT ASSETS

Stocks

554,605

526,858

Debtors

5

1,232,699

1,266,746

Cash at bank and in hand

2,422,389

2,360,665

4,209,693

4,154,269

CREDITORS

Amounts falling due within one year

6

622,653

597,454

NET CURRENT ASSETS

3,587,040

3,556,815

TOTAL ASSETS LESS CURRENT LIABILITIES

4,912,170

4,610,819

PROVISIONS FOR LIABILITIES

330,303

261,869

NET ASSETS

4,581,867

4,348,950

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

4,577,867

4,344,950

4,581,867

4,348,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 12th September 2025 and were signed on its behalf by:

K Coates - Director

1.	STATUTORY INFORMATION

Just Paper Tubes 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Leasehold improvements

Straight line over period of lease

Plant and equipment

10-33% Straight line

Motor vehicles

17-25% Straight line / reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes including a Self - Invested Personal Pension Scheme are charged as an expense as they fall due.

Government grants

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Employee benefits

The cost of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denomiated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

26,887

2,058,009

2,084,896

Additions

-

529,960

529,960

Disposals

-

(103,616

)

(103,616

)

At 31st March 2025

26,887

2,484,353

2,511,240

DEPRECIATION

At 1st April 2024

13,537

1,017,355

1,030,892

Charge for year

5,339

236,384

241,723

Eliminated on disposal

-

(86,505

)

(86,505

)

At 31st March 2025

18,876

1,167,234

1,186,110

NET BOOK VALUE

At 31st March 2025

8,011

1,317,119

1,325,130

At 31st March 2024

13,350

1,040,654

1,054,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,156,405

1,157,076

Other debtors

76,294

109,670

1,232,699

1,266,746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

169,712

165,411

Taxation and social security

338,118

344,109

Other creditors

114,823

87,934

622,653

597,454

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

221,500

221,500

Between one and five years

110,750

332,250

332,250

553,750

8.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

59,903

-

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is JPT Group Limited. Just Paper Tubes Ltd is a 100% subsidiary of JPT Group Limited. The registered address of JPT Group Limited is Railway Mill, Lowmoor Road, Cliffe Common, Selby, YO8 6EF.