Company Registration No. 13415162 (England and Wales)
The Jamestown Group Limited
Unaudited accounts
for the year ended 31 May 2023
The Jamestown Group Limited
Unaudited accounts
Contents
The Jamestown Group Limited
Company Information
for the year ended 31 May 2023
Company Number
13415162 (England and Wales)
Registered Office
Anumerate Office 2.05, Clockwise
Old Town Hall, 30 Tweedy Road
Bromley
BR1 3FE
England
The Jamestown Group Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
83,009
35,094
Creditors: amounts falling due within one year
(46,393)
(40,835)
Net current assets
77,849
64,702
Called up share capital
2
2
Profit and loss account
78,257
65,315
Shareholders' funds
78,259
65,317
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 January 2024 and were signed on its behalf by
Jamie Homer
Director
Company Registration No. 13415162
The Jamestown Group Limited
Notes to the Accounts
for the year ended 31 May 2023
The Jamestown Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13415162. The registered office is Anumerate Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE, England.
2
Compliance with accounting standards
The accounts for the previous year ending 31/05/2022 were prepared in accordance with the providions of FRS105, these accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
There were no material departures from that standard.and no material impact on the figures brought forward from the prior year.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line method
Dividends distributed to the company's shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
The Jamestown Group Limited
Notes to the Accounts
for the year ended 31 May 2023
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional
right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
28,290
70,443
Accrued income and prepayments
2,771
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
36,123
33,949
Loans from directors
-
1,791
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The Jamestown Group Limited
Notes to the Accounts
for the year ended 31 May 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(1,792)
15,264
-
13,472
Loans to Directors are unsecured, interest-free and are due to be repaid within 9 months.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).