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REGISTERED NUMBER: SC576836 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

JAMES BUSINESS SERVICES LTD

JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES BUSINESS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs G A Eldridge
Mrs L M MacLean



REGISTERED OFFICE: 27 Ferntower Place
Culloden
Inverness
IV2 7TL



REGISTERED NUMBER: SC576836 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
29 Harbour Road
Inverness
IV1 1NU

JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 812 955

CURRENT ASSETS
Stocks 360 253
Debtors 5 30,231 28,966
Cash at bank 242 62
30,833 29,281
CREDITORS
Amounts falling due within one year 6 14,863 12,176
NET CURRENT ASSETS 15,970 17,105
TOTAL ASSETS LESS CURRENT LIABILITIES 16,782 18,060

CREDITORS
Amounts falling due after more than one
year

7

(10,043

)

(10,228

)

PROVISIONS FOR LIABILITIES 8 (154 ) (181 )
NET ASSETS 6,585 7,651

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 9 1 1
Profit and loss account - distributable 6,584 7,650
SHAREHOLDERS' FUNDS 6,585 7,651

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

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

JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

BALANCE SHEET - continued
30 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





Mrs G A Eldridge - Director


JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

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


1. STATUTORY INFORMATION

James Business Services Ltd is a private company, limited by shares , registered in Scotland. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 1,540
DEPRECIATION
At 1 October 2022 585
Charge for year 143
At 30 September 2023 728
NET BOOK VALUE
At 30 September 2023 812
At 30 September 2022 955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,722 4,597
Other debtors 23,509 24,369
30,231 28,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,959 3,750
Trade creditors 1,379 290
Taxation and social security 5,104 3,961
Other creditors 6,421 4,175
14,863 12,176

Included in other creditors is a loan from the director, Mrs G A Eldridge. At the balance sheet date this amounted to £2,304 (2022: £80). The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,043 10,228

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 154 181

JAMES BUSINESS SERVICES LTD (REGISTERED NUMBER: SC576836)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 181
Provided during year (27 )
Balance at 30 September 2023 154

9. ALLOTTED, CALLED UP AND FULLY
PAID SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

Included in Other Debtors is a loan to Breakaway Lodges Limited of £23,509 (2022: £24,639). Mrs G A Eldridge is a director of this company and the loan is granted free of interest and is repayable on demand.