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REGISTERED NUMBER: 07948057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JAMES CAMERON & CO LIMITED

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

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










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


JAMES CAMERON & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J Cameron





REGISTERED OFFICE: 55 Ludgate Hill
London
EC4M 7JW





REGISTERED NUMBER: 07948057 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 319 957

CURRENT ASSETS
Debtors 5 231,810 233,442
Cash at bank 6 68,333 81,906
300,143 315,348
CREDITORS
Amounts falling due within one year 7 (61,384 ) (54,254 )
NET CURRENT ASSETS 238,759 261,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,078

262,051

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 239,077 262,050
SHAREHOLDERS' FUNDS 239,078 262,051

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

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

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 28 November 2024 and were signed by:





J Cameron - Director


JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

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


1. STATUTORY INFORMATION

James Cameron & Co Limited is a private limited company (limited by shares), it is incorporated and domiciled in England and Wales.

The address of the company's registered office is 55 Ludgate Hill, London, EC4M 7JW.

The principal activity of the company is that of management consultancy.

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.

Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and the anticipated cash flows.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Dividends
Equity dividends are recognised when they become legally payable.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Consultancy fee income is recognised based on the timing of the service provided.

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 provided on the following basis:

Fixtures & fittings - 20% Straight Line
Computer equipment - 33% Straight Line

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

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


2. ACCOUNTING POLICIES - continued

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.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 March 2023
and 29 February 2024 873 2,614 3,487
DEPRECIATION
At 1 March 2023 873 1,657 2,530
Charge for year - 638 638
At 29 February 2024 873 2,295 3,168
NET BOOK VALUE
At 29 February 2024 - 319 319
At 28 February 2023 - 957 957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 87,188 89,098
Other debtors 1,801 1,801
Directors' loan accounts 138,953 135,383
Prepayments and accrued income 3,868 7,160
231,810 233,442

6. CASH AT BANK
2024 2023
£ £
Cash at bank and in hand 68,333 81,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 474 240
Corporation tax 35,082 25,390
VAT 6,897 6,773
Accruals and deferred income 18,931 21,851
61,384 54,254

JAMES CAMERON & CO LIMITED (REGISTERED NUMBER: 07948057)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Allotted, called up and fully
paid 1 1 1

9. RELATED PARTY DISCLOSURES

At the year end the director owed the company £138,953 (2023: £135,383). The loan is repayable on demand, and interest is payable at 2.25% per annum.