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REGISTERED NUMBER: 06080550 (England and Wales)















JAMES BRAILEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






JAMES BRAILEY LIMITED (REGISTERED NUMBER: 06080550)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JAMES BRAILEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Mr J R Brailey





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 06080550 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

JAMES BRAILEY LIMITED (REGISTERED NUMBER: 06080550)

STATEMENT OF FINANCIAL POSITION
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,078 3,368

CURRENT ASSETS
Stocks 58,543 41,000
Debtors 5 14,169 19,805
Cash at bank 3 (38 )
72,715 60,767
CREDITORS
Amounts falling due within one year 6 61,762 44,356
NET CURRENT ASSETS 10,953 16,411
TOTAL ASSETS LESS CURRENT LIABILITIES 15,031 19,779

CREDITORS
Amounts falling due after more than one year 7 13,751 18,983
NET ASSETS 1,280 796

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,180 696
SHAREHOLDERS' FUNDS 1,280 796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 director and authorised for issue on 8th October 2024 and were signed by:





Mr J R Brailey - Director


JAMES BRAILEY LIMITED (REGISTERED NUMBER: 06080550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

James Brailey 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.

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.
Computer equipment - 20% straight line on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023 1,357 12,598 13,955
Additions - 2,672 2,672
At 29th February 2024 1,357 15,270 16,627
DEPRECIATION
At 1st March 2023 543 10,044 10,587
Charge for year 271 1,691 1,962
At 29th February 2024 814 11,735 12,549
NET BOOK VALUE
At 29th February 2024 543 3,535 4,078
At 28th February 2023 814 2,554 3,368

JAMES BRAILEY LIMITED (REGISTERED NUMBER: 06080550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,169 19,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,211 8,493
Trade creditors 31,684 16,599
Taxation and social security 10,151 14,988
Other creditors 11,716 4,276
61,762 44,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,751 18,983

8. CALLED UP SHARE CAPITAL

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The advances to the director were repaid within 9 months of the year end.