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Company Registration No. 07463791 (England and Wales)
James Wade Homes Ltd Unaudited accounts for the year ended 31 December 2023
James Wade Homes Ltd Unaudited accounts Contents
Page
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James Wade Homes Ltd Company Information for the year ended 31 December 2023
Director
J A Wade
Secretary
Mrs G Wade
Company Number
07463791 (England and Wales)
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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James Wade Homes Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,637 
23,487 
Investments
10,000 
10,000 
27,637 
33,487 
Current assets
Inventories
357,587 
898,518 
Debtors
9,637 
- 
Cash at bank and in hand
565,286 
6,117 
932,510 
904,635 
Creditors: amounts falling due within one year
(207,101)
(467,036)
Net current assets
725,409 
437,599 
Total assets less current liabilities
753,046 
471,086 
Creditors: amounts falling due after more than one year
- 
(211,279)
Net assets
753,046 
259,807 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
752,944 
259,705 
Shareholders' funds
753,046 
259,807 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 13 September 2024 and were signed on its behalf by
J A Wade Director Company Registration No. 07463791
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James Wade Homes Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
James Wade Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07463791.
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.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
33% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
32,565 
26,000 
937 
607 
60,109 
At 31 December 2023
32,565 
26,000 
937 
607 
60,109 
Depreciation
At 1 January 2023
29,319 
6,203 
493 
607 
36,622 
Charge for the year
881 
4,949 
20 
- 
5,850 
At 31 December 2023
30,200 
11,152 
513 
607 
42,472 
Net book value
At 31 December 2023
2,365 
14,848 
424 
- 
17,637 
At 31 December 2022
3,246 
19,797 
444 
- 
23,487 
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James Wade Homes Ltd Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
10,000 
Valuation at 31 December 2023
10,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,299 
- 
Other debtors
4,338 
- 
9,637 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
154,609 
32,011 
Obligations under finance leases and hire purchase contracts
- 
4,000 
Trade creditors
10,794 
- 
Taxes and social security
358 
(15,574)
Other creditors
40,000 
135,000 
Loans from directors
90 
311,599 
Accruals
1,250 
- 
207,101 
467,036 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
155,946 
Obligations under finance leases and hire purchase contracts
- 
15,333 
Other creditors
- 
40,000 
- 
211,279 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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