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REGISTERED NUMBER: 06689740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2019

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 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JUST 1 SOURCE AND SUPPLY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: D Lawson
C McLorg
G Murray





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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 417 623

CURRENT ASSETS
Stocks 1,073,139 641,460
Debtors 5 654,113 563,402
Cash at bank and in hand 24,460 23,575
1,751,712 1,228,437
CREDITORS
Amounts falling due within one year 6 1,218,955 793,010
NET CURRENT ASSETS 532,757 435,427
TOTAL ASSETS LESS CURRENT LIABILITIES 533,174 436,050

CAPITAL AND RESERVES
Called up share capital 8 110 30,110
Share premium 9,990 9,990
Retained earnings 523,074 395,950
SHAREHOLDERS' FUNDS 533,174 436,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

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

Balance Sheet - continued
31 DECEMBER 2019


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2020 and were
signed on its behalf by:




D Lawson - Director C McLorg - Director




G Murray - Director


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

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2019


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 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 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.

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

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued

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 18 (2018 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019
and 31 December 2019 5,115
DEPRECIATION
At 1 January 2019 4,492
Charge for year 206
At 31 December 2019 4,698
NET BOOK VALUE
At 31 December 2019 417
At 31 December 2018 623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 636,256 501,899
Other debtors 17,857 61,503
654,113 563,402

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

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 401,209 338,770
Trade creditors 409,628 308,559
Taxation and social security 58,036 24,518
Other creditors 350,082 121,163
1,218,955 793,010

7. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdrafts - 4,794
Factor advance 401,209 333,976
401,209 338,770

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. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1.00 110 110
30,000 Ordinary A £1.00 - 30,000
110 30,110

The Ordinary shares have attached to them full voting, dividend and capital distribution rights and are not
redeemable.

The Ordinary A shares have attached to them no voting rights. During the year the company purchased these
shares for the nominal value in cash under a special resolution.

9. ULTIMATE CONTROLLING PARTY

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