BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of steel stockholding and steel processing. 31 October 2024 0 0 03670817 2024-02-29 03670817 2023-02-28 03670817 2022-02-28 03670817 2023-03-01 2024-02-29 03670817 2022-03-01 2023-02-28 03670817 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03670817 uk-curr:PoundSterling 2023-03-01 2024-02-29 03670817 uk-bus:AbridgedAccounts 2023-03-01 2024-02-29 03670817 uk-bus:Director1 2023-03-01 2024-02-29 03670817 uk-bus:Director2 2023-03-01 2024-02-29 03670817 uk-bus:RegisteredOffice 2023-03-01 2024-02-29 03670817 uk-bus:Agent1 2023-03-01 2024-02-29 03670817 uk-bus:Audited 2023-03-01 2024-02-29 03670817 uk-core:ShareCapital 2024-02-29 03670817 uk-core:ShareCapital 2023-02-28 03670817 uk-core:OtherReservesSubtotal 2024-02-29 03670817 uk-core:OtherReservesSubtotal 2023-02-28 03670817 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 03670817 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 03670817 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 03670817 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 03670817 uk-bus:FRS102 2023-03-01 2024-02-29 03670817 uk-core:ParentEntities 2023-03-01 2024-02-29 03670817 uk-core:UltimateParent 2023-03-01 2024-02-29 03670817 uk-countries:Ireland 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 03670817
 
 
Jamestown Manufacturing UK Limited
 
Abridged Financial Statements
 
for the financial year ended 29 February 2024
Jamestown Manufacturing UK Limited
DIRECTOR AND OTHER INFORMATION

 
Directors Maurice Sherling (Appointed 27 September 2024)
Ian Crabbe (Resigned 27 September 2024)
 
 
Company Registration Number 03670817
 
 
Registered Office Unit 9
Leeway Industrial Estate
Newport
NP19 4SL
 
 
Independent Auditors Thos. Goodall & Son
Chartered Certified Accountants and Statutory Auditors
Link House
Boreenmanna Road
Cork, Ireland
 
 
Bankers Natwest
  High Street
  Newport
  Gwent
  NP9 1GG



Jamestown Manufacturing UK Limited
DIRECTOR'S REPORT
for the financial year ended 29 February 2024

 
The director presents their report and the audited financial statements for the financial year ended 29 February 2024.
 
Principal Activity
The principal activity of the company is that of steel stockholding and steel processing.
     
Results and Dividends
The profit for the financial year amounted to £0.00 (2023 - £366).
     
Directors
The directors who served during the financial year are as follows:
     
Maurice Sherling (Appointed 27 September 2024)
Ian Crabbe (Resigned 27 September 2024)
   
There were no changes in shareholdings between 29 February 2024 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
             
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
■select suitable accounting policies and apply them consistently;
■make judgements and accounting estimates that are reasonable and prudent;
■prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
                 
Disclosure of Information to Auditor
Each person who is a director at the date of approval of this report confirms that:
In so far as the director is aware:
■there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
■the director has taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
     
Auditors
The auditors, Thos. Goodall & Son, (Chartered Certified Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Maurice Sherling
Director
     
31 October 2024



INDEPENDENT AUDITOR'S REPORT
to the Shareholders of Jamestown Manufacturing UK Limited

 
Report on the audit of the financial statements
 
Opinion
We have audited the financial statements of Jamestown Manufacturing UK Limited ('the company') for the financial year ended 29 February 2024 which comprise the Abridged Profit and Loss Account, the Abridged Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
■give a true and fair view of the state of the company's affairs as at 29 February 2024 and of its profit for the financial year then ended;
■have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
■have been prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 
Material uncertainty related to going concern
In auditing the financial statements, although the company has an overall negative balance sheet, we has concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. In this regard further detail on the going concern basis is outlined in note 3 of the financial statements.
 
Based on the work we has performed, we has not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
 
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
 
Other Information
The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Director's Report has been prepared in accordance with applicable legal requirements.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Director's Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the director's report.
 
Responsibilities of director for the financial statements
The director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
We obtain an understanding of the legal and regulatory frameworks that are applicable to the Company and determine the most relevant of these to be FRS102 and the Companies Act. We consider the size and complexity of transactions and the level of judgement attaching to certain transactions.

Enquiries are made of management regarding fraud or suspected fraud during the year as well as enquiry of subsequent events which may bring to light fraud post balance sheet.

Our audit methodology is substantive and analytical. If a fraud or other irregularity comes to light in our testing it may necessitate further enquiry or testing.
 
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
__________________________________
Thomas Walsh (Senior Statutory Auditor)
for and on behalf of
THOS. GOODALL & SON
Chartered Certified Accountants and Statutory Auditors
Link House
Boreenmanna Road
Cork, Ireland
 
31 October 2024



Jamestown Manufacturing UK Limited
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 
Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



Jamestown Manufacturing UK Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 29 February 2024
2024 2023
Notes £ £

 
Administrative expenses - 366
───────── ─────────
Profit before taxation - 366
 
Tax on profit - -
───────── ─────────
Profit for the financial year - 366
───────── ─────────
Total comprehensive income - 366
    ═════════   ═════════



Jamestown Manufacturing UK Limited
Company Registration Number: 03670817
ABRIDGED BALANCE SHEET
as at 29 February 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 704,444 704,444
Cash and cash equivalents 420 420
───────── ─────────
704,864 704,864
───────── ─────────
Creditors: amounts falling due within one year (428,690) (428,690)
───────── ─────────
Net Current Assets 276,174 276,174
───────── ─────────
Total Assets less Current Liabilities 276,174 276,174
 
Creditors:
amounts falling due after more than one year (766,491) (766,491)
───────── ─────────
Net Liabilities (490,317) (490,317)
═════════ ═════════
 
Capital and Reserves
Called up share capital 600,100 600,100
Other reserves 25,706 25,706
Retained earnings (1,116,123) (1,116,123)
───────── ─────────
Equity attributable to owners of the company (490,317) (490,317)
═════════ ═════════
 
These abridged financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
Approved by the Director and authorised for issue on 31 October 2024
           
           
________________________________          
Maurice Sherling          
Director          
           



Jamestown Manufacturing UK Limited
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 29 February 2024

Called up Retained Special Total
share earnings reserve
capital
£ £ £ £
 
At 1 March 2022 600,100 (1,116,489) 25,706 (490,683)
───────── ───────── ───────── ─────────
Profit for the financial year - 366 - 366
───────── ───────── ───────── ─────────
At 28 February 2023 600,100 (1,116,123) 25,706 (490,317)
  ───────── ───────── ───────── ─────────
At 29 February 2024 600,100 (1,116,123) 25,706 (490,317)
  ═════════ ═════════ ═════════ ═════════



Jamestown Manufacturing UK Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Jamestown Manufacturing UK Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is Unit 9, Leeway Industrial Estate, Newport, NP19 4SL. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 29 February 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Preference share capital
The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.
   
3. Going concern
 
The financial statements have been prepared on the going concern basis. The directors believe this is appropriate for the following reasons:
The company continues to enjoy the support of its parent company and other group companies within the Brandyford Group.
The company continues to enjoy the support of its bankers.
The company continues to enjoy the support of the group's shareholder, Maurice E. Sherling.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2023 - 0).
   
5. Parent and ultimate parent company
 
The company regards Chalybs One Limited as its parent company.
 
The companys ultimate parent undertaking is Brandyford Limited. which indirectly holds 100% of the issued share capital of the company.
Maurice E.Sherling controls Brandyford Limited and is therefore the ultimate controlling party.
 
The parent of the largest group in which the results are consolidated is Brandyford Limited.
Brandyford Limited is registered in Ireland.