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REGISTERED NUMBER: 03886489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

George James Ltd.

George James Ltd. (Registered number: 03886489)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


George James Ltd.

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J G Cooper
N J Burns
J Cooper
J V McLaughlin





SECRETARY: N J Burns





REGISTERED OFFICE: Hotley Bottom Barn
Hotley Bottom Lane
Great Missenden
Buckinghamshire
HP16 9PL





REGISTERED NUMBER: 03886489 (England and Wales)





ACCOUNTANTS: Clements
Chartered Accountants
17 Colquhoun Square
Helensburgh
G84 8AD

George James Ltd. (Registered number: 03886489)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,991 13,897

CURRENT ASSETS
Debtors 5 319,858 462,735
Cash at bank and in hand 1,348,220 817,833
1,668,078 1,280,568
CREDITORS
Amounts falling due within one year 6 440,110 431,438
NET CURRENT ASSETS 1,227,968 849,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,959

863,027

PROVISIONS FOR LIABILITIES 1,328 1,687
NET ASSETS 1,233,631 861,340

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 1,233,481 861,190
SHAREHOLDERS' FUNDS 1,233,631 861,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

George James Ltd. (Registered number: 03886489)

Balance Sheet - continued
31 December 2021


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 1 September 2022 and were signed on its behalf by:





J G Cooper - Director


George James Ltd. (Registered number: 03886489)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

George James Ltd. 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 net invoiced sales of services, excluding value added tax, which are recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 50% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Government grants
Government CJRS grants received during the Covid 19 pandemic are recognised in the period to which they apply. They are treated as income in the Income Statement and not off set against costs to which they relate.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits
The company makes contributions to directors' and employees' personal pension schemes. Contributions for the year are charged in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 14 ) .

George James Ltd. (Registered number: 03886489)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 20,067 37,598 57,665
Additions - 5,390 5,390
Disposals - (270 ) (270 )
At 31 December 2021 20,067 42,718 62,785
DEPRECIATION
At 1 January 2021 15,050 28,718 43,768
Charge for year 5,017 7,099 12,116
Eliminated on disposal - (90 ) (90 )
At 31 December 2021 20,067 35,727 55,794
NET BOOK VALUE
At 31 December 2021 - 6,991 6,991
At 31 December 2020 5,017 8,880 13,897

5. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 276,790 426,576
Other debtors 32,068 25,159
308,858 451,735

Amounts falling due after more than one year:
Other debtors 11,000 11,000

Aggregate amounts 319,858 462,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 7,819 8,498
Taxation and social security 262,136 239,724
Other creditors 170,155 183,216
440,110 431,438

George James Ltd. (Registered number: 03886489)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £145,500 (2020 - £110,000) were paid to the directors .

8. GOVERNMENT GRANTS

During the year the company benefited from £1,400 (2020 - £22,585) of government grants from the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which they compensate.