REGISTERED NUMBER: 11206877 (England and Wales)

Financial Statements

for the Year Ended 28 February 2026

for

Just Pads Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S R Nash

M A Nash

REGISTERED OFFICE:

Unit 10 Axis Centre

Cleeve Road

Leatherhead

Surrey

KT22 7RD

REGISTERED NUMBER:

11206877 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

848

877

CURRENT ASSETS

Inventories

718,110

740,975

Debtors

6

523,394

387,381

Cash at bank

162,059

172,838

1,403,563

1,301,194

CREDITORS

Amounts falling due within one year

7

(375,093

)

(488,238

)

NET CURRENT ASSETS

1,028,470

812,956

TOTAL ASSETS LESS CURRENT LIABILITIES

1,029,318

813,833

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,029,316

813,831

1,029,318

813,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

S R Nash - Director

1.	STATUTORY INFORMATION

Just Pads 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.

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

Revenue 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.

Computer equipment

-

33% on cost

Stocks

Inventories 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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

Cost

At 1 March 2025

and 28 February 2026

1,053

Depreciation

At 1 March 2025

176

Charge for year

29

At 28 February 2026

205

Net book value

At 28 February 2026

848

At 28 February 2025

877

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Trade debtors

465,846

375,913

Other debtors

57,548

11,468

523,394

387,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/26

28/2/25

£

£

Trade creditors

241,258

199,804

Taxation and social security

132,795

125,138

Other creditors

1,040

163,296

375,093

488,238

8.	ULTIMATE CONTROLLING PARTY

The parent company of Just Pads Ltd is Virtucon Holdings Ltd, which has a registered office at Unit 10 Axis Centre, Cleeve Road, Leatherhead, Surrey KT22 7RDF. The ultimate controlling parties of the company are the directors S Nash and M Nash by virtue of their shareholdings in Virtucon Holdings Ltd.