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REGISTERED NUMBER: 00217683 (England and Wales)
















Financial Statements

for the Year Ended 31 January 2024

for

James & Owen Limited

James & Owen Limited (Registered number: 00217683)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


James & Owen Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P G Withey
Mrs A D Mason





REGISTERED OFFICE: 2 London Road
Stroud
Gloucestershire
GL5 2AA





REGISTERED NUMBER: 00217683 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

James & Owen Limited

Report of the Accountants to the Directors of
James & Owen Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


5 July 2024

James & Owen Limited (Registered number: 00217683)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,982 88,866
Investment property 5 350,000 181,253
431,982 270,119

CURRENT ASSETS
Stocks 58,864 59,356
Debtors 6 51,367 9,448
Cash at bank and in hand 118,490 163,883
228,721 232,687
CREDITORS
Amounts falling due within one year 7 44,966 38,214
NET CURRENT ASSETS 183,755 194,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,737

464,592

PROVISIONS FOR LIABILITIES 46,678 6,787
NET ASSETS 569,059 457,805

James & Owen Limited (Registered number: 00217683)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 565,059 453,805
SHAREHOLDERS' FUNDS 569,059 457,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:





P G Withey - Director


James & Owen Limited (Registered number: 00217683)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

James & Owen 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.

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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 & Owen Limited (Registered number: 00217683)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 120,103 12,373 14,565 64,706 211,747
Additions - 401 - 3,695 4,096
Disposals - (717 ) - (6,175 ) (6,892 )
At 31 January 2024 120,103 12,057 14,565 62,226 208,951
DEPRECIATION
At 1 February 2023 58,559 10,158 9,068 45,096 122,881
Charge for year 3,024 256 1,374 6,085 10,739
Eliminated on disposal - (664 ) - (5,987 ) (6,651 )
At 31 January 2024 61,583 9,750 10,442 45,194 126,969
NET BOOK VALUE
At 31 January 2024 58,520 2,307 4,123 17,032 81,982
At 31 January 2023 61,544 2,215 5,497 19,610 88,866

James & Owen Limited (Registered number: 00217683)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 181,253
Revaluations 168,747
At 31 January 2024 350,000
NET BOOK VALUE
At 31 January 2024 350,000
At 31 January 2023 181,253

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,028 7,843
Other debtors 41,339 1,605
51,367 9,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,787 17,453
Taxation and social security 15,595 14,376
Other creditors 8,584 6,385
44,966 38,214

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Withey.