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REGISTERED NUMBER: 06689740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

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 2018










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 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 623 -

CURRENT ASSETS
Stocks 641,460 552,756
Debtors 5 563,402 440,716
Cash at bank and in hand 23,575 39,447
1,228,437 1,032,919
CREDITORS
Amounts falling due within one year 6 793,010 733,257
NET CURRENT ASSETS 435,427 299,662
TOTAL ASSETS LESS CURRENT LIABILITIES 436,050 299,662

CAPITAL AND RESERVES
Called up share capital 30,110 30,110
Share premium 9,990 9,990
Retained earnings 395,950 259,562
SHAREHOLDERS' FUNDS 436,050 299,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 2018


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 25 July 2019 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 2018


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 2018


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 4,185
Additions 930
At 31 December 2018 5,115
DEPRECIATION
At 1 January 2018 4,185
Charge for year 307
At 31 December 2018 4,492
NET BOOK VALUE
At 31 December 2018 623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 501,899 386,744
Other debtors 61,503 53,972
563,402 440,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 338,770 236,215
Trade creditors 308,559 344,919
Amounts owed to participating interests - 60,000
Taxation and social security 24,518 18,608
Other creditors 121,163 73,515
793,010 733,257

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

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 4,794 28,900
Factor advance 333,976 207,315
338,770 236,215

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.