JUST GRANITE LTD - Accounts to registrar (filleted) - small 23.2.5
JUST GRANITE LTD - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| JUST GRANITE LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JUST GRANITE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 9-11 Vittoria Street |
| Birmingham |
| B1 3ND |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| BALANCE SHEET |
| 30 NOVEMBER 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| BALANCE SHEET - continued |
| 30 NOVEMBER 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| JUST GRANITE LTD is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The presentational and functional currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1. |
| Measurement convention |
| The financial statements are prepared on the historical cost basis except in the instance where assets and liabilities are stated at their fair value. |
| Going concern |
| The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they have adopted the going concern basis of accounting in preparing these financial statements. |
| Basic financial instruments |
| Trade and other debtors / creditors |
| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash balances and call deposits. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Taxation |
| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other income, in which case it is recognised directly in equity or other income. |
| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date. |
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. |
| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it 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 |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 November 2023 |
| DEPRECIATION |
| At 1 December 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 November 2023 |
| NET BOOK VALUE |
| At 30 November 2023 |
| At 30 November 2022 |
| 5. | DEBTORS |
| 2023 | 2022 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by participating interests | 246,000 | 246,000 |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by participating interests | 482,359 | 482,359 |
| Aggregate amounts |
| JUST GRANITE LTD (REGISTERED NUMBER: 04605978) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RELATED PARTY TRANSACTIONS |
| Just Granite Contracts Limited owns a majority shareholding in Just Granite Limited. |
| During the year ended 30 November 2023, Just Granite Limited made sales of £80,000 (2022: £Nil) to Just Granite Contracts Limited, for production labour. At 30 November 2023, £Nil (2022: £Nil) is outranging and owed to Just Granite Limited. |
| During the year ended 30 November 2023, Just Granite Limited incurred expenditure totalling £4,929 (2022: £Nil) on behalf of Just Granite Contracts Limited in relation to motor vehicle maintenance. At 30 November 2023 , £4,929 (2022: £Nil) is outstanding and due to be reimbursed by Just Granite Contracts Limited. |
| Just Granite Limited made loans of £Nil (2022: £Nil) to Just Granite Contracts Limited during the year ended 30 November 2023. At 30 November 2023, £728,359 (2022: £728,359) is owed to Just Granite Limited in repayment of these loans. The loans are repayable between 1 and 2 years. |
| 8. | CONSOLIDATED FINANCIAL STATEMENTS |
| Just Granite Limited has taken exemption from preparing consolidated financial statements for the years ended 30 November 2022 & 30 November 2023 by qualifying as a small company. |