Justco Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05696281 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Justco Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S Akroyd

Mrs J Akroyd

SECRETARY:

Mrs J Akroyd

REGISTERED OFFICE:

2 Roadside Court

Alderley Road

Chelford

Macclesfield

Cheshire

SK11 9AP

REGISTERED NUMBER:

05696281 (England and Wales)

ACCOUNTANTS:

Hatcher Hughes Limited

Cassidy House

Station Road

Chester

Cheshire

CH1 3DW

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

16,406

13,480

16,407

13,481

CURRENT ASSETS

Debtors

15,210

25,278

Cash at bank and in hand

159,820

166,966

175,030

192,244

CREDITORS

Amounts falling due within one year

111,562

139,974

NET CURRENT ASSETS

63,468

52,270

TOTAL ASSETS LESS CURRENT LIABILITIES

79,875

65,751

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

77,875

63,751

SHAREHOLDERS' FUNDS

79,875

65,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 23 March 2020 and were signed on its behalf by:

S Akroyd - Director

1.	STATUTORY INFORMATION

Justco 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.

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 losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets

Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful lives.

Franchise Fee Over 5 Years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2018 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

and 31 December 2019

27,000

AMORTISATION

At 1 January 2019

and 31 December 2019

26,999

NET BOOK VALUE

At 31 December 2019

1

At 31 December 2018

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

93,786

Additions

9,843

At 31 December 2019

103,629

DEPRECIATION

At 1 January 2019

80,306

Charge for year

6,917

At 31 December 2019

87,223

NET BOOK VALUE

At 31 December 2019

16,406

At 31 December 2018

13,480

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019 and

31 December 2018:

31.12.19

31.12.18

£

£

S Akroyd and Mrs J Akroyd

Balance outstanding at start of year

(1,163

)

19,609

Amounts repaid

(530

)

(20,772

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,693

)

(1,163

)