Just Financial Group NW Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12404344 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Just Financial Group NW Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

L C Spain

Registered office:

68 Ffordd Newydd

Mold

Flintshire

CH7 1GX

Registered number:

12404344 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

74,021

1,774

Current assets

Debtors

5

-

553

Cash at bank

81,028

70,598

81,028

71,151

Creditors

Amounts falling due within one year

6

40,093

43,231

Net current assets

40,935

27,920

Total assets less current liabilities

114,956

29,694

Creditors

Amounts falling due after more than one year

7

(67,451

)

-

Provisions for liabilities

9

(18,505

)

-

Net assets

29,000

29,694

Capital and reserves

Called up share capital

10

100

100

Retained earnings

28,900

29,594

Shareholders' funds

29,000

29,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9 May 2023 and were signed by:

L C Spain - Director

1.	Statutory information

Just Financial Group NW 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3.	Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 February 2022

-

-

4,449

4,449

Additions

909

91,254

-

92,163

At 31 January 2023

909

91,254

4,449

96,612

Depreciation

At 1 February 2022

-

-

2,675

2,675

Charge for year

182

18,251

1,483

19,916

At 31 January 2023

182

18,251

4,158

22,591

Net book value

At 31 January 2023

727

73,003

291

74,021

At 31 January 2022

-

-

1,774

1,774

5.

Debtors: amounts falling due within one year

31/1/23

31/1/22

£

£

Other debtors

-

553

6.

Creditors: amounts falling due within one year

31/1/23

31/1/22

£

£

Hire purchase contracts

11,132

-

Taxation and social security

18,117

34,368

Other creditors

10,844

8,863

40,093

43,231

7.

Creditors: amounts falling due after more than one year

31/1/23

31/1/22

£

£

Hire purchase contracts

67,451

-

8.	Secured debts

The following secured debts are included within creditors:

31/1/23

31/1/22

£

£

Hire purchase contracts

78,583

-

9.	Provisions for liabilities

31/1/23

31/1/22

£

£

Deferred tax

18,505

-

Deferred

tax

£

Charge to Statement of Income and Retained Earnings during year

18,505

Balance at 31 January 2023

18,505

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/23

31/1/22

value:

£

£

99

A Ordinary shares

£1

99

99

1

B Ordinary shares

£1

1

1

100

100

11.	Related party disclosures

The director has made loans to the company. The balance on these loans at 31 January 2023 was £8,906 (2022 - £7,678). The loans are interest-free and repayable on demand.

12.	Lease commitments

At 31 January 2023 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £18,596 (2022 - £30,341). The amount payable within one year in respect of these leases was £11,745.