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REGISTERED NUMBER: 08506970













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JAMES BUILDERS LTD

JAMES BUILDERS LTD (REGISTERED NUMBER: 08506970)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES BUILDERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J James





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 08506970





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JAMES BUILDERS LTD (REGISTERED NUMBER: 08506970)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 411,388 104,992
Investments 5 120,000 120,000
Investment property 6 375,000 375,000
906,388 599,992

CURRENT ASSETS
Debtors 7 88,728 130,829
Cash at bank and in hand 12,620 55,594
101,348 186,423
CREDITORS
Amounts falling due within one year 8 (102,628 ) (116,872 )
NET CURRENT (LIABILITIES)/ASSETS (1,280 ) 69,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,108

669,543

CREDITORS
Amounts falling due after more than one
year

9

(186,157

)

(63,782

)

PROVISIONS FOR LIABILITIES (48,815 ) (44,232 )
NET ASSETS 670,136 561,529

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 53,952 53,952
Retained earnings 616,084 507,477
SHAREHOLDERS' FUNDS 670,136 561,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 BUILDERS LTD (REGISTERED NUMBER: 08506970)

BALANCE SHEET - continued
30 APRIL 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





J James - Director


JAMES BUILDERS LTD (REGISTERED NUMBER: 08506970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

James Builders Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 BUILDERS LTD (REGISTERED NUMBER: 08506970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
yard machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 110,880 70,285 2,222 183,387
Additions 289,061 22,785 23,320 - 335,166
At 30 April 2024 289,061 133,665 93,605 2,222 518,553
DEPRECIATION
At 1 May 2023 - 60,062 16,981 1,352 78,395
Charge for year - 13,271 15,325 174 28,770
At 30 April 2024 - 73,333 32,306 1,526 107,165
NET BOOK VALUE
At 30 April 2024 289,061 60,332 61,299 696 411,388
At 30 April 2023 - 50,818 53,304 870 104,992

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other fixed asset investments 120,000 120,000

JAMES BUILDERS LTD (REGISTERED NUMBER: 08506970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 375,000
NET BOOK VALUE
At 30 April 2024 375,000
At 30 April 2023 375,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,065 109,990
Amounts recoverable on long term
contracts

4,948

4,948
VAT 10,066 10,323
Prepayments and accrued income 5,649 5,568
88,728 130,829

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,485 2,389
Hire purchase contracts 5,643 5,643
Trade creditors 21,306 32,006
Tax 44,300 38,000
Social security and other taxes 2,154 3,729
Other creditors 1,638 540
Directors' current accounts 16,017 29,005
Accruals and deferred income 4,085 5,560
102,628 116,872

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,979 2,561
Bank loans - 2-5 years 27,892 8,586
Bank loans more 5 yr by instal 146,938 43,644
Hire purchase contracts 3,348 8,991
186,157 63,782

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 146,938 43,644

JAMES BUILDERS LTD (REGISTERED NUMBER: 08506970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. CALLED UP SHARE CAPITAL

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is J James.