Just3things Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10471139 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Just3things Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A C Davis

REGISTERED OFFICE:

8a Red Lane Mills

Sunny Bank Mills

Farsley

Leeds

LS28 5UJ

REGISTERED NUMBER:

10471139 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Intangible assets

4

-

16

Tangible assets

5

-

110

-

126

CURRENT ASSETS

Debtors

-

714

Cash at bank

1,628

605

1,628

1,319

CREDITORS

Amounts falling due within one year

1,244

2,203

NET CURRENT ASSETS/(LIABILITIES)

384

(884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

384

(758

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

284

(858

)

SHAREHOLDERS' FUNDS

384

(758

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2020 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 director and authorised for issue on 16 February 2021 and were signed by:

Mr A C Davis - Director

1.	STATUTORY INFORMATION

Just3things 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.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2019

and 30 November 2020

280

AMORTISATION

At 1 December 2019

264

Amortisation for year

16

At 30 November 2020

280

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

16

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2019

and 30 November 2020

350

DEPRECIATION

At 1 December 2019

240

Charge for year

110

At 30 November 2020

350

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

110

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.20

30.11.19

value:

£

£

100

Ordinary Shares

£1

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2020 and 30 November 2019:

30.11.20

30.11.19

£

£

Mr A C Davis

Balance outstanding at start of year

(1,737

)

(4,719

)

Amounts advanced

(1,927

)

(518

)

Amounts repaid

3,237

3,500

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(427

)

(1,737

)

The director loan of £427 is money owed by the company to the director as at 30 November 2020. The loan is unsecured and interest free. The loan is repayable on demand.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the director .

The director loan of £427 is money owed by the company to the director as at 30 November 2020. The loan is unsecured and interest free. The loan is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A C Davis.