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REGISTERED NUMBER: 07453182 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

James, Stanley & Co Limited

James, Stanley & Co Limited (Registered number: 07453182)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James, Stanley & Co Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A E S James
M A James





SECRETARY: Mrs J W Garnett





REGISTERED OFFICE: 1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 07453182 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

James, Stanley & Co Limited (Registered number: 07453182)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 4,571
Property, plant and equipment 6 8,626 8,269
8,626 12,840

CURRENT ASSETS
Inventories 7 14,630 17,354
Debtors 8 186,602 195,538
Cash at bank and in hand 111,017 69,343
312,249 282,235
CREDITORS
Amounts falling due within one
year

9

217,238

184,411
NET CURRENT ASSETS 95,011 97,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,637

110,664

PROVISIONS FOR LIABILITIES 1,981 1,853
NET ASSETS 101,656 108,811

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 100,656 107,811
SHAREHOLDERS' FUNDS 101,656 108,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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, Stanley & Co Limited (Registered number: 07453182)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:





M A James - Director


James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

James, Stanley & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 5% on cost
Computer equipment - 20% on cost

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.


James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

Inventories
Work in progress is valued at the lower of cost and net realisable value.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 274,265
AMORTISATION
At 1 January 2023 269,694
Amortisation for year 4,571
At 31 December 2023 274,265
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 4,571

James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 3,228 29,245 32,473
Additions 1,099 2,553 3,652
Disposals (353 ) (1,129 ) (1,482 )
At 31 December 2023 3,974 30,669 34,643
DEPRECIATION
At 1 January 2023 894 23,310 24,204
Charge for year 199 2,858 3,057
Eliminated on disposal (115 ) (1,129 ) (1,244 )
At 31 December 2023 978 25,039 26,017
NET BOOK VALUE
At 31 December 2023 2,996 5,630 8,626
At 31 December 2022 2,334 5,935 8,269

7. INVENTORIES
31.12.23 31.12.22
£    £   
Work-in-progress 14,630 17,354

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 174,721 172,410
Other debtors - 7,112
Prepayments and accrued income 11,881 16,016
186,602 195,538

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 57,000 49,202
Tax 9,364 10,091
Social security and other
taxes

58,335

60,369
Other creditors 827 828
Directors' current accounts 4,845 17,338
Accruals and deferred income 86,867 46,583
217,238 184,411

10. LEASING AGREEMENTS
Total future payments under non-cancellable operating leases is £50,128 (2022 - £20,796).

James, Stanley & Co Limited (Registered number: 07453182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
970 Ordinary £1 970 970
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
1,000 1,000

12. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

13. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.