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
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
WALTERS JAMES LTD
Statement of financial position
as at 30 November 2023
Tangible assets
36,867
3,228
Cash at bank and in hand
18,645
26,411
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)
-
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
WALTERS JAMES LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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.
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
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.
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.
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
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
At 30 November 2023
7,621
28,716
530
36,867
At 30 November 2022
1,003
2,190
35
3,228
Amounts falling due within one year
Amounts falling due after more than one year
Trade debtors
27,644
1,290
Accrued income and prepayments
180
180
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,598
11,314
Taxes and social security
18,004
12,838
Proposed dividends
8,000
6,000
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).