REGISTERED NUMBER: 06370081 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

JUST TOPS (MK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

800,000

868,938

800,000

868,938

CURRENT ASSETS

Stocks

-

4,472

Debtors

6

720

14,106

Cash at bank and in hand

102,482

35,933

103,202

54,511

CREDITORS

Amounts falling due within one year

7

127,652

170,169

NET CURRENT LIABILITIES

(24,450

)

(115,658

)

TOTAL ASSETS LESS CURRENT LIABILITIES

775,550

753,280

CREDITORS

Amounts falling due after more than one year

8

(178,849

)

(227,485

)

PROVISIONS FOR LIABILITIES

(111,471

)

(15,034

)

NET ASSETS

485,230

510,761

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

334,414

445,885

Retained earnings

150,616

64,676

SHAREHOLDERS' FUNDS

485,230

510,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 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 18th November 2025 and were signed by:

G T Murray - Director

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.

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 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st October 2024

1,187

Disposals

(1,187

)

At 30th September 2025

-

AMORTISATION

At 1st October 2024

1,187

Eliminated on disposal

(1,187

)

At 30th September 2025

-

NET BOOK VALUE

At 30th September 2025

-

At 30th September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1st October 2024

800,000

353,205

7,455

Disposals

-

(353,205

)

(7,455

)

At 30th September 2025

800,000

-

-

DEPRECIATION

At 1st October 2024

-

318,065

7,455

Eliminated on disposal

-

(318,065

)

(7,455

)

At 30th September 2025

-

-

-

NET BOOK VALUE

At 30th September 2025

800,000

-

-

At 30th September 2024

800,000

35,140

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1st October 2024

116,105

20,492

1,297,257

Disposals

(116,105

)

(20,492

)

(497,257

)

At 30th September 2025

-

-

800,000

DEPRECIATION

At 1st October 2024

83,141

19,658

428,319

Eliminated on disposal

(83,141

)

(19,658

)

(428,319

)

At 30th September 2025

-

-

-

NET BOOK VALUE

At 30th September 2025

-

-

800,000

At 30th September 2024

32,964

834

868,938

Cost or valuation at 30th September 2025 is represented by:

Freehold

property

£

Valuation in 2024

445,885

Cost

354,115

800,000

Freehold property is revalued 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 2024

31,795

77,750

109,545

Disposals

(31,795

)

(77,750

)

(109,545

)

At 30th September 2025

-

-

-

DEPRECIATION

At 1st October 2024

31,795

46,946

78,741

Eliminated on disposal

(31,795

)

(46,946

)

(78,741

)

At 30th September 2025

-

-

-

NET BOOK VALUE

At 30th September 2025

-

-

-

At 30th September 2024

-

30,804

30,804

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

720

14,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,144

7,144

Hire purchase contracts

-

5,474

Trade creditors

170

32,655

Taxation and social security

38,051

33,075

Other creditors

82,287

91,821

127,652

170,169

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

178,849

184,689

Hire purchase contracts

-

11,546

Other creditors

-

31,250

178,849

227,485

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

148,522

154,362

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.

10.	REVALUATION RESERVE

Deferred taxation on revaluation gains have been taken to the revaluation reserve:

Revaluation reserve as at 1 October 2024 £445,855

Deferred tax provision (£111,471)

Revaluation reserve as at 30 September 2025 £334,414