Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseselling art2023-02-011false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13114486 2023-02-01 2023-12-31 13114486 2022-02-01 2023-01-31 13114486 2023-12-31 13114486 2023-01-31 13114486 c:Director1 2023-02-01 2023-12-31 13114486 d:FurnitureFittings 2023-02-01 2023-12-31 13114486 d:FurnitureFittings 2023-12-31 13114486 d:FurnitureFittings 2023-01-31 13114486 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 13114486 d:CurrentFinancialInstruments 2023-12-31 13114486 d:CurrentFinancialInstruments 2023-01-31 13114486 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13114486 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13114486 d:ShareCapital 2023-12-31 13114486 d:ShareCapital 2023-01-31 13114486 d:RetainedEarningsAccumulatedLosses 2023-12-31 13114486 d:RetainedEarningsAccumulatedLosses 2023-01-31 13114486 c:FRS102 2023-02-01 2023-12-31 13114486 c:AuditExempt-NoAccountantsReport 2023-02-01 2023-12-31 13114486 c:FullAccounts 2023-02-01 2023-12-31 13114486 c:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 13114486 e:PoundSterling 2023-02-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13114486









DAVID JAMES HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
DAVID JAMES HOLDINGS LIMITED
REGISTERED NUMBER: 13114486

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 January
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
  
207
-

  
207
-

Current assets
  

Stocks
  
3,975
-

Debtors: amounts falling due within one year
 6 
5,493
14,832

Cash at bank and in hand
  
68
115

  
9,536
14,947

Creditors: amounts falling due within one year
 7 
(19,024)
(14,922)

Net current (liabilities)/assets
  
 
 
(9,488)
 
 
25

Total assets less current liabilities
  
(9,281)
25

  

Net (liabilities)/assets
  
(9,281)
25


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(9,282)
24

  
(9,281)
25


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Page 1

 
DAVID JAMES HOLDINGS LIMITED
REGISTERED NUMBER: 13114486
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


D J Ring
Director

Date: 12 November 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
DAVID JAMES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

David James Holdings Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director will continue to support the company and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

Page 3

 
DAVID JAMES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
DAVID JAMES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
DAVID JAMES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and e xpenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


5.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


Additions
259



At 31 December 2023

259



Depreciation


Charge for the period on owned assets
52



At 31 December 2023

52



Net book value



At 31 December 2023
207



At 31 January 2023
-

Page 6

 
DAVID JAMES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
31 January
2023
2023
£
£


Other debtors
1,750
11,089

Tax recoverable
3,743
3,743

5,493
14,832



7.


Creditors: Amounts falling due within one year

31 December
31 January
2023
2023
£
£

Corporation tax
5,635
7,501

Other taxation and social security
3,454
5,495

Other creditors
5,880
76

Accruals and deferred income
4,055
1,850

19,024
14,922



8.


Related party transactions

In other creditors there is an amount of £5,804 (Debtor 2023: £11,809) due to the Director. Interest of 0% is paid on this loan and it is repayable on demand.  

 
Page 7