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REGISTERED NUMBER: 00718697 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

T. JAMES (ELECTRICAL) LIMITED

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T. JAMES (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: SG Turner
LJ Turner
EM Cox





REGISTERED OFFICE: 30a Regent Street
Kettering
Northamptonshire
NN16 8QG





REGISTERED NUMBER: 00718697 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,873 281,127

CURRENT ASSETS
Stocks 196,607 150,531
Debtors 5 1,392,910 1,347,176
Cash at bank and in hand 303,874 596,901
1,893,391 2,094,608
CREDITORS
Amounts falling due within one year 6 1,132,169 1,266,194
NET CURRENT ASSETS 761,222 828,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,026,095

1,109,541

CREDITORS
Amounts falling due after more than one
year

7

(37,385

)

(152,016

)

PROVISIONS FOR LIABILITIES (50,326 ) (53,414 )
NET ASSETS 938,384 904,111

CAPITAL AND RESERVES
Called up share capital 19,240 19,240
Capital redemption reserve 5,760 5,760
Retained earnings 913,384 879,111
SHAREHOLDERS' FUNDS 938,384 904,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

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

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2024 and were signed on its behalf by:





EM Cox - Director


T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

T. James (Electrical) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 30 (2022 - 29 ) .

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2022 64,648 490,952 555,600
Additions 10,141 94,899 105,040
Disposals - (68,395 ) (68,395 )
At 30th September 2023 74,789 517,456 592,245
DEPRECIATION
At 1st October 2022 47,006 227,467 274,473
Charge for year 8,066 86,478 94,544
Eliminated on disposal - (41,645 ) (41,645 )
At 30th September 2023 55,072 272,300 327,372
NET BOOK VALUE
At 30th September 2023 19,717 245,156 264,873
At 30th September 2022 17,642 263,485 281,127

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2022 199,733
Transfer to ownership (131,030 )
At 30th September 2023 68,703
DEPRECIATION
At 1st October 2022 43,357
Charge for year 38,876
Transfer to ownership (62,217 )
At 30th September 2023 20,016
NET BOOK VALUE
At 30th September 2023 48,687
At 30th September 2022 156,376

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 928,708 527,882
Amounts owed by group undertakings 223,135 563,942
Other debtors 241,067 255,352
1,392,910 1,347,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,924 44,876
Trade creditors 483,134 748,196
Taxation and social security 310,980 178,592
Other creditors 321,131 294,530
1,132,169 1,266,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 14,173 39,343
Other creditors 23,212 112,673
37,385 152,016

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which
the entity has a participating interest and directors were all concluded under normal market conditions.