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REGISTERED NUMBER: 06689740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

JUST 1 SOURCE AND SUPPLY LIMITED

JUST 1 SOURCE AND SUPPLY LIMITED (REGISTERED NUMBER: 06689740)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUST 1 SOURCE AND SUPPLY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: D Lawson
C McLorg





SECRETARY: S Hazzard





REGISTERED OFFICE: Yorkshire House
Barton Hill
Whitwell
York
Yorkshire
YO60 7JX





REGISTERED NUMBER: 06689740 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

JUST 1 SOURCE AND SUPPLY LIMITED (REGISTERED NUMBER: 06689740)

Balance Sheet
31 DECEMBER 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Stocks 552,756 566,254
Debtors 5 440,716 329,217
Cash at bank and in hand 39,447 34,821
1,032,919 930,292
CREDITORS
Amounts falling due within one year 6 733,257 711,628
NET CURRENT ASSETS 299,662 218,664
TOTAL ASSETS LESS CURRENT LIABILITIES 299,662 218,664

PROVISIONS FOR LIABILITIES - 59
NET ASSETS 299,662 218,605

CAPITAL AND RESERVES
Called up share capital 30,110 30,100
Share premium 9,990 -
Retained earnings 259,562 188,505
SHAREHOLDERS' FUNDS 299,662 218,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 April 2018 and were signed on its behalf by:




D Lawson - Director



C McLorg - Director


JUST 1 SOURCE AND SUPPLY LIMITED (REGISTERED NUMBER: 06689740)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2017


1. STATUTORY INFORMATION

Just 1 Source And Supply 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.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 10 ) .

JUST 1 SOURCE AND SUPPLY LIMITED (REGISTERED NUMBER: 06689740)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 4,185
DEPRECIATION
At 1 January 2017
and 31 December 2017 4,185
NET BOOK VALUE
At 31 December 2017 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 386,744 276,478
Other debtors 53,972 52,739
440,716 329,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 236,215 136,849
Trade creditors 344,919 536,679
Amounts owed to participating interests 60,000 -
Taxation and social security 18,608 6,264
Other creditors 73,515 31,836
733,257 711,628

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 28,900 136,849
Factor advance 207,315 -
236,215 136,849

The bank overdraft with National Westminster Bank and the factor advance provided by RBS Invoice Finance are secured
by fixed and floating charges over all the assets of the company.

8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no single ultimate controlling party.