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REGISTERED NUMBER: 10446934 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

JAMES THOMAS BLACK LIMITED

JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JAMES THOMAS BLACK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: I P M Black
Mrs J B Black
T P Black





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 10446934 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 339,102 364,618
Tangible assets 5 108,882 109,239
447,984 473,857

CURRENT ASSETS
Stocks 5,263 4,792
Debtors 6 978 2,390
Cash at bank and in hand 421,880 439,773
428,121 446,955
CREDITORS
Amounts falling due within one year 7 267,001 286,043
NET CURRENT ASSETS 161,120 160,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,104

634,769

CREDITORS
Amounts falling due after more than one
year

8

(508,589

)

(534,323

)

PROVISIONS FOR LIABILITIES (20,688 ) (20,755 )
NET ASSETS 79,827 79,691

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 79,727 79,591
SHAREHOLDERS' FUNDS 79,827 79,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

BALANCE SHEET - continued
31ST MARCH 2024


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 6th September 2024 and were signed on its behalf by:




I P M Black - Director



Mrs J B Black - Director


JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

James Thomas Black 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 33% on cost, 15% on reducing balance and 10% on reducing balance

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

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.

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.

JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 510,317 5,270 515,587
AMORTISATION
At 1st April 2023 150,969 - 150,969
Charge for year 25,516 - 25,516
At 31st March 2024 176,485 - 176,485
NET BOOK VALUE
At 31st March 2024 333,832 5,270 339,102
At 31st March 2023 359,348 5,270 364,618

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 172,873
Additions 13,180
At 31st March 2024 186,053
DEPRECIATION
At 1st April 2023 63,634
Charge for year 13,537
At 31st March 2024 77,171
NET BOOK VALUE
At 31st March 2024 108,882
At 31st March 2023 109,239

JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,321
Other debtors 978 1,069
978 2,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,402 21,503
Hire purchase contracts 675 1,819
Trade creditors 23,004 26,833
Taxation and social security 40,276 43,621
Other creditors 178,644 192,267
267,001 286,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 233,589 258,648
Hire purchase contracts - 675
Other creditors 275,000 275,000
508,589 534,323

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 120,498 160,229

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 257,991 280,151
Hire purchase contracts 675 2,494
258,666 282,645

The Royal Bank of Scotland Plc has a fixed and floating charge over all the property or undertaking of the company.

Hire purchase liabilities are secured on the assets to which they relate.

JAMES THOMAS BLACK LIMITED (REGISTERED NUMBER: 10446934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100