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
James Wade Homes Ltd
Company Information
for the year ended 31 December 2023
Company Number
07463791 (England and Wales)
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
James Wade Homes Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
17,637
23,487
Inventories
357,587
898,518
Cash at bank and in hand
565,286
6,117
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
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
James Wade Homes Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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
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
At 31 December 2023
2,365
14,848
424
-
17,637
At 31 December 2022
3,246
19,797
444
-
23,487
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
Amounts falling due within one year
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
Taxes and social security
358
(15,574)
Other creditors
40,000
135,000
Loans from directors
90
311,599
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
15,333
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).