Justmerc Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09357096 (England and Wales)

Financial Statements for the Period 1 January 2016 to 30 June 2017

for

Justmerc Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J. C. Owen

G. M. Timmins

J. M. Tate

REGISTERED OFFICE:

Elite House

Spellowgate

Driffield

East Yorkshire

YO25 5UP

REGISTERED NUMBER:

09357096 (England and Wales)

ACCOUNTANTS:

ESR Accountancy Limited

Tickton Hall

Tickton

Beverley

East Yorkshire

HU17 9RX

FIXED ASSETS

Investments

4

4,488,815

4,488,815

CURRENT ASSETS

Debtors

5

100

100

CREDITORS

Amounts falling due within one year

6

1,635,921

1,037,815

NET CURRENT LIABILITIES

(1,635,821

)

(1,037,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,852,994

3,451,100

CREDITORS

Amounts falling due after more than one year

7

627,000

1,221,000

NET ASSETS

2,225,994

2,230,100

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

2,230,000

2,230,000

Retained earnings

(4,106

)

-

SHAREHOLDERS' FUNDS

2,225,994

2,230,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 21 March 2018 and were signed on its behalf by:

G. M. Timmins - Director

1.	STATUTORY INFORMATION

Justmerc 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These are the first financial statements after transitioning to FRS from the previous financial reporting

framework. The transition had no affect on the financial position or performance of the company, only

disclosure. No reconciliations are required of its equity at the date of transition or for the end of the latest

period presented in the company's most recent financial statements determined in accordance with its

previous financial reporting framework. No reconciliation of the profit determined in accordance with its

previous financial reporting framework for the latest period in the company's most recent annual financial

statements to its profit determined in accordance with FRS reporting for the same period is required.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2015 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 30 June 2017

4,488,815

NET BOOK VALUE

At 30 June 2017

4,488,815

At 31 December 2015

4,488,815

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

31.12.15

as restated

£

£

Called up share capital not paid

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

31.12.15

as restated

£

£

Amounts owed to group undertakings

1,239,921

641,815

Deferred consideration

396,000

396,000

1,635,921

1,037,815

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

31.12.15

as restated

£

£

Deferred consideration

627,000

1,221,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid illegal dividends. These maybe repayable should the company fail before

reserves return into credit.