1 December 2022 false Taxfiler 2024.5 true 13007402business:PrivateLimitedCompanyLtd2022-12-012023-11-30 130074022022-11-30 130074022022-12-012023-11-30 13007402business:AuditExemptWithAccountantsReport2022-12-012023-11-30 13007402business:FilletedAccounts2022-12-012023-11-30 130074022023-11-30 13007402business:Director12022-12-012023-11-30 13007402business:Director22022-12-012023-11-30 13007402business:RegisteredOffice2022-12-012023-11-30 130074022022-11-30 13007402core:WithinOneYear2023-11-30 13007402core:WithinOneYear2022-11-30 13007402core:AfterOneYear2023-11-30 13007402core:AfterOneYear2022-11-30 13007402core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13007402core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 13007402core:PreviouslyStatedAmount2023-11-30 13007402core:PreviouslyStatedAmount2022-11-30 13007402business:SmallEntities2022-12-012023-11-30 13007402countries:EnglandWales2022-12-012023-11-30 13007402core:PlantMachinery2022-12-012023-11-30 13007402core:MotorVehicles2022-12-012023-11-30 13007402core:PlantMachinery2022-11-30 13007402core:MotorVehicles2022-11-30 13007402core:ComputerEquipment2022-11-30 13007402core:ComputerEquipment2022-12-012023-11-30 13007402core:PlantMachinery2023-11-30 13007402core:MotorVehicles2023-11-30 13007402core:ComputerEquipment2023-11-30 130074022021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13007402 (England and Wales)
WALTERS JAMES LTD Unaudited accounts for the year ended 30 November 2023
WALTERS JAMES LTD Unaudited accounts Contents
Page
- 2 -
WALTERS JAMES LTD Company Information for the year ended 30 November 2023
Directors
Lee Walters Mitchell James
Company Number
13007402 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE OXLEASOW ROAD REDDITCH B98 0RE ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
- 3 -
WALTERS JAMES LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,867 
3,228 
Current assets
Debtors
50,756 
2,367 
Cash at bank and in hand
18,645 
26,411 
69,401 
28,778 
Creditors: amounts falling due within one year
(38,578)
(25,545)
Net current assets
30,823 
3,233 
Total assets less current liabilities
67,690 
6,461 
Creditors: amounts falling due after more than one year
(30,651)
- 
Net assets
37,039 
6,461 
Capital and reserves
Profit and loss account
37,039 
6,461 
Shareholders' funds
37,039 
6,461 
For the year ending 30 November 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 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 23 August 2024 and were signed on its behalf by
Lee Walters Director Company Registration No. 13007402
- 4 -
WALTERS JAMES LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
WALTERS JAMES LTD is a private company, limited by shares, registered in England and Wales, registration number 13007402. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, B98 0RE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
20% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The directors have indicated their support will continue for the foreseeable future.
- 5 -
WALTERS JAMES LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
1,541 
3,650 
42 
5,233 
Additions
8,688 
34,070 
602 
43,360 
At 30 November 2023
10,229 
37,720 
644 
48,593 
Depreciation
At 1 December 2022
538 
1,460 
7 
2,005 
Charge for the year
2,070 
7,544 
107 
9,721 
At 30 November 2023
2,608 
9,004 
114 
11,726 
Net book value
At 30 November 2023
7,621 
28,716 
530 
36,867 
At 30 November 2022
1,003 
2,190 
35 
3,228 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
15,236 
- 
Amounts falling due after more than one year
Trade debtors
27,644 
1,290 
Accrued income and prepayments
180 
180 
Other debtors
7,696 
897 
35,520 
2,367 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
(4,607)
Trade creditors
4,598 
11,314 
Taxes and social security
18,004 
12,838 
Proposed dividends
8,000 
6,000 
Other creditors
7,876 
- 
Accruals
100 
- 
38,578 
25,545 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
30,651 
- 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -