Just Steel Limited - Period Ending 2014-08-31
Just Steel Limited - Period Ending 2014-08-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Just Steel Limited
(Registration number: 05877417)
Abbreviated Balance Sheet at 31 August 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Provisions for liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
......................................... |
1
Just Steel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The company's future is dependent upon the ongoing support of the company's directors. If the company was unable to pay its debts as they fall due then fixed assets would have to be restated as current assets and there may be additional liabilities associated with winding up the company. The directors consider it appropriate to prepare the accounts on a going concern basis. The financial statements do not include any adjustments that would result from any adjustments that would result from a withdrawal of this support.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
|
Fixtures, fittings and equipment |
|
Stock
Deferred tax
Hire purchase and leasing
Pensions
Just Steel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued
Fixed assets |
Tangible assets
|
Total
|
|||||
Cost |
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At 1 September 2013 |
18,937 |
18,937 |
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Additions |
1,451 |
1,451 |
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At 31 August 2014 |
20,388 |
20,388 |
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Depreciation |
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At 1 September 2013 |
6,599 |
6,599 |
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Charge for the year |
2,738 |
2,738 |
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At 31 August 2014 |
9,337 |
9,337 |
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Net book value |
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At 31 August 2014 |
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At 31 August 2013 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
|
2013
|
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Amounts falling due within one year |
258,918 |
216,783 |
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Just Steel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued
Related party transactions |
Directors' advances and credits |
2014 |
2014 |
2013 |
2013 |
|
R Etheridge |
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|
|
|
8,976 |
8,976 |
C D Bills |
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|
- |
- |
5,405 |
5,405 |
N A Meadows |
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|
|
|
8,606 |
8,606 |