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REGISTERED NUMBER: 12029084 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JAMES GOREY LTD

JAMES GOREY LTD (REGISTERED NUMBER: 12029084)






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 GOREY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr J A R Gorey





REGISTERED OFFICE: 13 Stirling Close
Sidcup
Kent
DA14 6RP





REGISTERED NUMBER: 12029084 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

JAMES GOREY LTD (REGISTERED NUMBER: 12029084)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,550 6,475
Tangible assets 5 2,637 3,516
8,187 9,991

CURRENT ASSETS
Debtors 6 42 6,192
Cash at bank 80,561 87,904
80,603 94,096
CREDITORS
Amounts falling due within one year 7 45,798 57,557
NET CURRENT ASSETS 34,805 36,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,992

46,530

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 42,991 46,529
SHAREHOLDERS' FUNDS 42,992 46,530

JAMES GOREY LTD (REGISTERED NUMBER: 12029084)

BALANCE SHEET - continued
31 MARCH 2023


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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mr J A R Gorey - Director


JAMES GOREY LTD (REGISTERED NUMBER: 12029084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

James Gorey 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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.
Office Equipment - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

JAMES GOREY LTD (REGISTERED NUMBER: 12029084)

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 9,250
AMORTISATION
At 1 April 2022 2,775
Amortisation for year 925
At 31 March 2023 3,700
NET BOOK VALUE
At 31 March 2023 5,550
At 31 March 2022 6,475

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 April 2022
and 31 March 2023 6,299
DEPRECIATION
At 1 April 2022 2,783
Charge for year 879
At 31 March 2023 3,662
NET BOOK VALUE
At 31 March 2023 2,637
At 31 March 2022 3,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors - 6,150
Other Debtors & Prepayments 42 42
42 6,192

JAMES GOREY LTD (REGISTERED NUMBER: 12029084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 5,296 8,578
Paye Creditor 1,168 992
Vat Creditor 4,099 3,848
Director's Loan Account 31,950 38,749
Other Creditors & Accruals 3,285 5,390
45,798 57,557

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2022 46,529
Profit for the year 20,462
Dividends (24,000 )
At 31 March 2023 42,991