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
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
Christopher James of London Limited
Statement of financial position
as at 29 February 2024
Tangible assets
20,934
43,084
Inventories
295,045
375,170
Cash at bank and in hand
22,225
63,510
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)
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
Christopher James of London Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
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.
Christopher James of London Limited
Notes to the Accounts
for the year ended 29 February 2024
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
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
At 29 February 2024
20,519
415
20,934
At 28 February 2023
41,157
1,927
43,084
Finished goods
295,045
375,170
Amounts falling due within one year
Trade debtors
12,206
16,059
Accrued income and prepayments
-
1,034
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
41,148
26,160
Taxes and social security
21,314
33,207
Loans from directors
224,392
993
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
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).