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REGISTERED NUMBER: 09167534 (England and Wales)















Financial Statements for the Year Ended 30 November 2022

for

James Bishop Limited

James Bishop Limited (Registered number: 09167534)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Bishop Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: J A Bishop





SECRETARY:





REGISTERED OFFICE: Suite E
The Old Dutch Barn
Westend Office Suites
Stonehouse
Gloucestershire
GL10 3GE





REGISTERED NUMBER: 09167534 (England and Wales)





ACCOUNTANT: James Bishop
Accounting Services
Suite E
The Old Dutch Barn
Westend Office Suites
Stonehouse
Gloucestershire
GL10 3GE

James Bishop Limited (Registered number: 09167534)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 21,000
Tangible assets 5 978 978
18,978 21,978

CURRENT ASSETS
Stocks - 3,750
Debtors 6 2,427 9,588
Cash at bank 45,575 65,728
48,002 79,066
CREDITORS
Amounts falling due within one year 7 52,775 76,838
NET CURRENT (LIABILITIES)/ASSETS (4,773 ) 2,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,205

24,206

CREDITORS
Amounts falling due after more than one
year

8

(13,341

)

(23,346

)

PROVISIONS FOR LIABILITIES (242 ) (242 )
NET ASSETS 622 618

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 522 518
SHAREHOLDERS' FUNDS 622 618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

James Bishop Limited (Registered number: 09167534)

Balance Sheet - continued
30 November 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 director and authorised for issue on 24 February 2024 and were signed by:





J A Bishop - Director


James Bishop Limited (Registered number: 09167534)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

James Bishop 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
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 - 20 per cent on cost
Computer equipment - 33 per cent on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

James Bishop Limited (Registered number: 09167534)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 27,000
AMORTISATION
At 1 December 2021 6,000
Charge for year 3,000
At 30 November 2022 9,000
NET BOOK VALUE
At 30 November 2022 18,000
At 30 November 2021 21,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021
and 30 November 2022 3,763
DEPRECIATION
At 1 December 2021
and 30 November 2022 2,785
NET BOOK VALUE
At 30 November 2022 978
At 30 November 2021 978

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 1,427 8,588

James Bishop Limited (Registered number: 09167534)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

6. DEBTORS - continued
2022 2021
£    £   
Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 2,427 9,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,200 5,228
Trade creditors 238 1,427
Taxation and social security 11,330 5,514
Other creditors 36,007 64,669
52,775 76,838

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 13,341 18,346
Other creditors - 5,000
13,341 23,346

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Bishop.