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REGISTERED NUMBER: 04294051 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JAMES DE FRIAS LIMITED

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES DE FRIAS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P R de Frias BSc FCA
D R Bowden BSc FCA
S R Dethridge FCCA





SECRETARY:





REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY





REGISTERED NUMBER: 04294051 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 79,154 102,037
Tangible assets 5 8,059 8,605
87,213 110,642

CURRENT ASSETS
Debtors 6 126,659 181,563
Cash at bank 120,073 79,762
246,732 261,325
CREDITORS
Amounts falling due within one year 7 125,937 140,663
NET CURRENT ASSETS 120,795 120,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,008

231,304

CREDITORS
Amounts falling due after more than one
year

8

75,111

98,660
NET ASSETS 132,897 132,644

CAPITAL AND RESERVES
Called up share capital 83 83
Retained earnings 132,814 132,561
SHAREHOLDERS' FUNDS 132,897 132,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Balance Sheet - continued
31 March 2023


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 19 October 2023 and were signed on its behalf by:




P R de Frias BSc FCA - Director D R Bowden BSc FCA - Director




S R Dethridge FCCA - Director


JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

Goodwill
The basis of writing off goodwill arising on an acquisition of a practice is to write off over a ten year period.

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 - 15% on cost
Computer equipment - 15% on cost

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.

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 9 (2022 - 9 ) .

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 350,882
AMORTISATION
At 1 April 2022 248,845
Charge for year 22,883
At 31 March 2023 271,728
NET BOOK VALUE
At 31 March 2023 79,154
At 31 March 2022 102,037

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 21,227 10,185 31,412
Additions 141 974 1,115
At 31 March 2023 21,368 11,159 32,527
DEPRECIATION
At 1 April 2022 16,363 6,444 22,807
Charge for year 870 791 1,661
At 31 March 2023 17,233 7,235 24,468
NET BOOK VALUE
At 31 March 2023 4,135 3,924 8,059
At 31 March 2022 4,864 3,741 8,605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 112,153 163,938
Amounts recoverable on contract 7,855 7,262
Other debtors 6,651 10,363
126,659 181,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 23,556 23,556
Trade creditors 15,299 1,475
Taxation and social security 85,415 93,031
Other creditors 1,667 22,601
125,937 140,663

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 75,111 98,660

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 98,667 122,216

The bank loans are partially secured by personal guarantees given by Mr P R de Frias, Mr D R Bowden and Mr S R Dethridge.

10. RELATED PARTY DISCLOSURES

Management charges of £103,180 (2022: £95,130) and Dividends of £119,190 (2022: £115,440) was paid to companies under common control of the directors.

11. POST BALANCE SHEET EVENTS

Following the year end, the company acquired a further block of fees from a local accountancy practice.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P R de Frias BSc FCA.