IRIS Accounts Production v23.2.0.158 07516726 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary A & B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075167262022-02-28075167262023-02-28075167262022-03-012023-02-28075167262021-02-28075167262021-03-012022-02-28075167262022-02-2807516726ns10:Originalns15:EnglandWales2022-03-012023-02-2807516726ns14:PoundSterlingns10:Original2022-03-012023-02-2807516726ns10:Originalns10:Director12022-03-012023-02-2807516726ns10:Original2022-03-012023-02-2807516726ns10:Original2023-02-2807516726ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807516726ns10:Originalns10:SmallEntities2022-03-012023-02-2807516726ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807516726ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807516726ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807516726ns10:Originalns10:FullAccounts2022-03-012023-02-2807516726ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2807516726ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807516726ns10:Original2022-02-2807516726ns10:Originalns5:CurrentFinancialInstruments2023-02-2807516726ns10:Originalns5:CurrentFinancialInstruments2022-02-2807516726ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807516726ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807516726ns5:ShareCapitalns10:Original2023-02-2807516726ns5:ShareCapitalns10:Original2022-02-2807516726ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807516726ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807516726ns10:Originalns5:PlantMachinery2022-03-012023-02-2807516726ns10:Originalns5:MotorVehicles2022-03-012023-02-2807516726ns10:Original2021-03-012022-02-2807516726ns10:Originalns5:LeaseholdImprovements2022-02-2807516726ns10:Originalns5:PlantMachinery2022-02-2807516726ns10:Originalns5:FurnitureFittings2022-02-2807516726ns10:Originalns5:LeaseholdImprovements2022-03-012023-02-2807516726ns10:Originalns5:FurnitureFittings2022-03-012023-02-2807516726ns10:Originalns5:LeaseholdImprovements2023-02-2807516726ns10:Originalns5:PlantMachinery2023-02-2807516726ns10:Originalns5:FurnitureFittings2023-02-2807516726ns10:Originalns5:LeaseholdImprovements2022-02-2807516726ns10:Originalns5:PlantMachinery2022-02-2807516726ns10:Originalns5:FurnitureFittings2022-02-2807516726ns10:Originalns5:MotorVehicles2022-02-2807516726ns10:Originalns5:ComputerEquipment2022-02-2807516726ns10:Original2022-02-2807516726ns10:Originalns5:ComputerEquipment2022-03-012023-02-2807516726ns10:Originalns5:MotorVehicles2023-02-2807516726ns10:Originalns5:ComputerEquipment2023-02-2807516726ns10:Originalns5:MotorVehicles2022-02-2807516726ns10:Originalns5:ComputerEquipment2022-02-2807516726ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807516726ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2807516726ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 07516726 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

James of Shepperton Limited

James of Shepperton Limited (Registered number: 07516726)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


James of Shepperton Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J S Lally





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 07516726 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

James of Shepperton Limited (Registered number: 07516726)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 106,128 109,783

CURRENT ASSETS
Stocks 10,648 7,284
Debtors 6 21,121 18,442
Cash at bank - 24,695
31,769 50,421
CREDITORS
Amounts falling due within one
year

7

68,102

62,962
NET CURRENT LIABILITIES (36,333 ) (12,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,795

97,242

CREDITORS
Amounts falling due after more
than one year

8

(27,425

)

(33,873

)

PROVISIONS FOR LIABILITIES - (11,150 )
NET ASSETS 42,370 52,219

CAPITAL AND RESERVES
Called up share capital 9 40,100 40,100
Retained earnings 2,270 12,119
SHAREHOLDERS' FUNDS 42,370 52,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





J S Lally - Director


James of Shepperton Limited (Registered number: 07516726)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

James of Shepperton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Motor vehicles - 25% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 5 ) .

James of Shepperton Limited (Registered number: 07516726)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 51,097 50,235 32,044
Additions - 1,706 -
At 28 February 2023 51,097 51,941 32,044
DEPRECIATION
At 1 March 2022 - 35,029 5,130
Charge for year - 3,042 6,728
At 28 February 2023 - 38,071 11,858
NET BOOK VALUE
At 28 February 2023 51,097 13,870 20,186
At 28 February 2022 51,097 15,206 26,914

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 1,800 25,904 161,080
Additions 2,625 7,780 12,111
At 28 February 2023 4,425 33,684 173,191
DEPRECIATION
At 1 March 2022 1,718 9,420 51,297
Charge for year 239 5,757 15,766
At 28 February 2023 1,957 15,177 67,063
NET BOOK VALUE
At 28 February 2023 2,468 18,507 106,128
At 28 February 2022 82 16,484 109,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,809 6,403
Other debtors 14,312 12,039
21,121 18,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,682 9,419
Trade creditors 17,199 26,313
Taxation and social security 11,971 18,342
Other creditors 13,250 8,888
68,102 62,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,425 33,873

James of Shepperton Limited (Registered number: 07516726)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40,100 Ordinary A & B £1 40,100 40,100

10. ULTIMATE CONTROLLING PARTY

Mr J Lally is the ultimate controlling parties by virtue of his 100% beneficial ownership of the company's ordinary share capital.