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REGISTERED NUMBER: 01945932 (England and Wales)
























Unaudited Financial Statements for the Year Ended 28 February 2024

for

17 St. James Street Limited

17 St. James Street Limited (Registered number: 01945932)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


17 St. James Street Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: L Radford
P Radford





REGISTERED OFFICE: 17 St James Street Ltd
48 Sadler Gate
Derby
DE1 3NQ





REGISTERED NUMBER: 01945932 (England and Wales)





ACCOUNTANTS: KD3 Accountancy Services Ltd
Apex House
7 Park Lane Business Centre
Basford
Nottingham
Nottinghamshire
NG6 0DW

17 St. James Street Limited (Registered number: 01945932)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,445 12,793

CURRENT ASSETS
Stocks 7,614 18,798
Debtors 5 4,598 25,866
Cash at bank 40,583 66,889
52,795 111,553
CREDITORS
Amounts falling due within one year 6 37,389 71,803
NET CURRENT ASSETS 15,406 39,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,851

52,543

CREDITORS
Amounts falling due after more than one
year

7

(30,096

)

(15,973

)

PROVISIONS FOR LIABILITIES (3,976 ) (2,089 )
NET ASSETS 25,779 34,481

CAPITAL AND RESERVES
Called up share capital 3,851 3,851
Capital redemption reserve 1,499 1,499
Retained earnings 20,429 29,131
25,779 34,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

17 St. James Street Limited (Registered number: 01945932)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





L Radford - Director


17 St. James Street Limited (Registered number: 01945932)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

17 St. James Street 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings15% Reducing balance
Office equipment25% Straight line
Motor vehicles20% 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 Income Statement, 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.

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 11 (2023 - 11 ) .

17 St. James Street Limited (Registered number: 01945932)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 184,394
Additions 39,577
At 28 February 2024 223,971
DEPRECIATION
At 1 March 2023 171,601
Charge for year 7,925
At 28 February 2024 179,526
NET BOOK VALUE
At 28 February 2024 44,445
At 28 February 2023 12,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,599 -
Other debtors 2,999 25,866
4,598 25,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,389 6,389
Hire purchase contracts 2,710 -
Trade creditors 5,963 32,704
Taxation and social security 14,478 17,074
Other creditors 7,849 15,636
37,389 71,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,082 15,973
Hire purchase contracts 21,014 -
30,096 15,973