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Company Registration No. 06807882 (England and Wales)
Christopher James of London Limited Unaudited accounts for the year ended 29 February 2024
Christopher James of London Limited Unaudited accounts Contents
Page
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Christopher James of London Limited Company Information for the year ended 29 February 2024
Directors
Mr E Mordecai Mr B Cohen
Company Number
06807882 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Christopher James of London Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,934 
43,084 
Current assets
Inventories
295,045 
375,170 
Debtors
15,340 
17,093 
Cash at bank and in hand
22,225 
63,510 
332,610 
455,773 
Creditors: amounts falling due within one year
(331,998)
(122,065)
Net current assets
612 
333,708 
Total assets less current liabilities
21,546 
376,792 
Provisions for liabilities
Deferred tax
(5,235)
(8,187)
Net assets
16,311 
368,605 
Capital and reserves
Called up share capital
66 
100 
Capital redemption reserve
34 
- 
Profit and loss account
16,211 
368,505 
Shareholders' funds
16,311 
368,605 
For the year ending 29 February 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 25 November 2024 and were signed on its behalf by
Mr E Mordecai Director Company Registration No. 06807882
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Christopher James of London Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Christopher James of London Limited is a private company, limited by shares, registered in England and Wales, registration number 06807882. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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:
Plant & machinery
25% on cost
Computer equipment
25% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Christopher James of London Limited Notes to the Accounts for the year ended 29 February 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
240,166 
37,675 
277,841 
At 29 February 2024
240,166 
37,675 
277,841 
Depreciation
At 1 March 2023
199,009 
35,748 
234,757 
Charge for the year
20,638 
1,512 
22,150 
At 29 February 2024
219,647 
37,260 
256,907 
Net book value
At 29 February 2024
20,519 
415 
20,934 
At 28 February 2023
41,157 
1,927 
43,084 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
295,045 
375,170 
295,045 
375,170 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,206 
16,059 
Accrued income and prepayments
- 
1,034 
Other debtors
3,134 
- 
15,340 
17,093 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
42,830 
59,514 
Trade creditors
41,148 
26,160 
Taxes and social security
21,314 
33,207 
Other creditors
464 
441 
Loans from directors
224,392 
993 
Accruals
1,850 
1,750 
331,998 
122,065 
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Christopher James of London Limited Notes to the Accounts for the year ended 29 February 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,235 
8,187 
2024 
2023 
£ 
£ 
Provision at start of year
8,187 
11,564 
Credited to the profit and loss account
(2,952)
(3,377)
Provision at end of year
5,235 
8,187 
9
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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