1 June 2023 false No description of principal activity Taxfiler 2024.6 07397698business:PrivateLimitedCompanyLtd2023-06-012024-05-31 073976982023-05-31 073976982023-06-012024-05-31 07397698business:AuditExemptWithAccountantsReport2023-06-012024-05-31 07397698business:FilletedAccounts2023-06-012024-05-31 073976982024-05-31 07397698business:Director12023-06-012024-05-31 07397698business:Director22023-06-012024-05-31 07397698business:RegisteredOffice2023-06-012024-05-31 073976982023-05-31 07397698core:WithinOneYear2024-05-31 07397698core:WithinOneYear2023-05-31 07397698core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 07397698core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07397698core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 07397698core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07397698core:PreviouslyStatedAmount2024-05-31 07397698core:PreviouslyStatedAmount2023-05-31 07397698business:SmallEntities2023-06-012024-05-31 07397698countries:EnglandWales2023-06-012024-05-31 07397698core:MotorVehicles2023-06-012024-05-31 07397698core:ComputerEquipment2023-06-012024-05-31 07397698core:Goodwill2023-05-31 07397698core:Goodwill2024-05-31 07397698core:Goodwill2023-06-012024-05-31 07397698core:PlantMachinery2023-05-31 07397698core:MotorVehicles2023-05-31 07397698core:ComputerEquipment2023-05-31 07397698core:PlantMachinery2023-06-012024-05-31 07397698core:PlantMachinery2024-05-31 07397698core:MotorVehicles2024-05-31 07397698core:ComputerEquipment2024-05-31 07397698core:DisposalsRepaymentsInvestments2024-05-31 073976982022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07397698 (England and Wales)
JAMES TRACTORS LIMITED Unaudited accounts for the year ended 31 May 2024
JAMES TRACTORS LIMITED Unaudited accounts Contents
Page
- 2 -
JAMES TRACTORS LIMITED Company Information for the year ended 31 May 2024
Directors
Thomas Dilwyn James Dawn Theresa James
Company Number
07397698 (England and Wales)
Registered Office
108A Lammas Street Carmarthen Dyfed SA31 3AP
Accountants
Pritchard Roberts & Co. 108A Lammas Street Carmarthen Carmarthenshire SA31 3AP
- 3 -
JAMES TRACTORS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
96,000 
104,000 
Tangible assets
8,433 
9,216 
Investments
- 
787,789 
104,433 
901,005 
Current assets
Inventories
515,000 
375,000 
Debtors
188,326 
390,599 
Cash at bank and in hand
1,531,427 
807,718 
2,234,753 
1,573,317 
Creditors: amounts falling due within one year
(303,700)
(346,642)
Net current assets
1,931,053 
1,226,675 
Net assets
2,035,486 
2,127,680 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
2,035,286 
2,127,480 
Shareholders' funds
2,035,486 
2,127,680 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Thomas Dilwyn James Director Company Registration No. 07397698
- 4 -
JAMES TRACTORS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
JAMES TRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07397698. The registered office is 108A Lammas Street, Carmarthen, Dyfed, SA31 3AP.
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:
Motor vehicles
25% on a reducing basis
Computer equipment
25% on a straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised at the rate of 4.5% per annum.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
176,000 
At 31 May 2024
176,000 
Amortisation
At 1 June 2023
72,000 
Charge for the year
8,000 
At 31 May 2024
80,000 
Net book value
At 31 May 2024
96,000 
At 31 May 2023
104,000 
- 5 -
JAMES TRACTORS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
39,363 
67,743 
- 
107,106 
Additions
- 
- 
2,028 
2,028 
At 31 May 2024
39,363 
67,743 
2,028 
109,134 
Depreciation
At 1 June 2023
39,363 
58,527 
- 
97,890 
Charge for the year
- 
2,304 
507 
2,811 
At 31 May 2024
39,363 
60,831 
507 
100,701 
Net book value
At 31 May 2024
- 
6,912 
1,521 
8,433 
At 31 May 2023
- 
9,216 
- 
9,216 
6
Investments
Other investments 
£ 
Valuation at 1 June 2023
787,789 
Disposals
(787,789)
Valuation at 31 May 2024
- 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
163,571 
362,438 
Other debtors
24,755 
28,161 
188,326 
390,599 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,403 
10,838 
Taxes and social security
5,299 
97,222 
Other creditors
129 
179 
Loans from directors
294,869 
238,403 
303,700 
346,642 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -