Company Registration No. 07152408 (England and Wales)
James Rhodes Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
James Rhodes Ltd
Unaudited accounts
Contents
James Rhodes Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
J E Rhodes
D J Blais
Company Number
07152408 (England and Wales)
Registered Office
Tuite Tang Wong
15 The Broadway
Woodford Green
Essex
IG8 0HL
United Kingdom
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
James Rhodes Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
2,638
35,168
Cash at bank and in hand
58,486
27,770
Creditors: amounts falling due within one year
(28,503)
(24,212)
Net current assets
32,832
10,193
Called up share capital
100
100
Profit and loss account
35,370
45,261
Shareholders' funds
35,470
45,361
For the period ending 28 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
J E Rhodes
Director
Company Registration No. 07152408
James Rhodes Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
James Rhodes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07152408. The registered office is Tuite Tang Wong, 15 The Broadway, Woodford Green, Essex, IG8 0HL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, 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.
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:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
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.
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.
James Rhodes Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
124,690
76,819
201,509
Disposals
(29,774)
(45,809)
(75,583)
At 28 February 2024
94,916
31,010
125,926
At 1 March 2023
114,237
52,104
166,341
Charge for the period
5,079
6,815
11,894
On disposals
(25,037)
(29,910)
(54,947)
At 28 February 2024
94,279
29,009
123,288
At 28 February 2024
637
2,001
2,638
At 28 February 2023
10,453
24,715
35,168
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
19,482
19,466
7
Transactions with related parties
At the year end, the outstanding amount due to the company's director J E Rhodes was £38 (2023: £23).
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Average number of employees
During the period the average number of employees was 2 (2023: 2).