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REGISTERED NUMBER: 07453182 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2022

for

James, Stanley & Co Limited

James, Stanley & Co Limited (Registered number: 07453182)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James, Stanley & Co Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: A E S James
M A James





SECRETARY: Ms J W Cox





REGISTERED OFFICE: 1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 07453182 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

James, Stanley & Co Limited (Registered number: 07453182)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,571 31,997
Property, plant and equipment 6 8,269 8,136
12,840 40,133

CURRENT ASSETS
Inventories 7 17,354 14,104
Debtors 8 195,538 196,834
Cash at bank and in hand 69,343 74,915
282,235 285,853
CREDITORS
Amounts falling due within one
year

9

184,411

194,678
NET CURRENT ASSETS 97,824 91,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,664

131,308

PROVISIONS FOR LIABILITIES 1,853 1,773
NET ASSETS 108,811 129,535

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 107,811 128,535
SHAREHOLDERS' FUNDS 108,811 129,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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, Stanley & Co Limited (Registered number: 07453182)

Balance Sheet - continued
31 December 2022


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 October 2023 and were signed on its behalf by:





A E S James - Director


James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

James, Stanley & Co 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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 5% on cost
Computer equipment - 20% 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.


James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. ACCOUNTING POLICIES - continued
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.

Inventories
Work in progress is valued at the lower of cost and net realisable value.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Grants received
Grant income received as compensation for costs incurred is recognised as income in the period in which the grant is received.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 274,265
AMORTISATION
At 1 January 2022 242,268
Amortisation for year 27,426
At 31 December 2022 269,694
NET BOOK VALUE
At 31 December 2022 4,571
At 31 December 2021 31,997

James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 3,126 25,812 28,938
Additions 161 3,433 3,594
Disposals (59 ) - (59 )
At 31 December 2022 3,228 29,245 32,473
DEPRECIATION
At 1 January 2022 743 20,059 20,802
Charge for year 162 3,251 3,413
Eliminated on disposal (11 ) - (11 )
At 31 December 2022 894 23,310 24,204
NET BOOK VALUE
At 31 December 2022 2,334 5,935 8,269
At 31 December 2021 2,383 5,753 8,136

7. INVENTORIES
31.12.22 31.12.21
£    £   
Work-in-progress 17,354 14,104

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 172,410 166,965
Other debtors 7,112 18,132
Prepayments and accrued income 16,016 11,737
195,538 196,834

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 49,202 47,100
Tax 10,091 23,151
Social security and other
taxes

60,369

61,798
Other creditors 828 1,023
Directors' current accounts 17,338 27,420
Accruals and deferred income 46,583 34,186
184,411 194,678

James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Within one year 8,183 5,204
Between one and five years 12,613 2,746
20,796 7,950

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
970 Ordinary £1 970 970
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 January 2022 128,535
Profit for the year 15,733
Dividends (36,457 )
At 31 December 2022 107,811

13. CAPITAL COMMITMENTS
31.12.22 31.12.21
£    £   
Contracted but not provided for in the
financial statements - -

14. RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £17,338 (2021 - £27,420) was owed by the company to members of key management personnel on their current accounts. The directors current account is unsecured and interest free with no specific repayments terms. This balance is presented within creditors: falling due within one year.

In the year under review, the company advanced a loan to a limited liability partnership which is controlled by members of this company. At 31 December 2022, the balance on this loan stood at £7,112 (2021 - £18,132)

15. CHARITABLE WORK

In the year ended 31 December 2022, the company made 614 giving impacts through the B1G1 platform (www.b1g1.com), supporting third world education and environmental programmes.