Registered Number:09182516 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2024
Peter James & Sons Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Peter James & Sons Ltd
Statement of Financial Position
2023
2024
2,000
3,000
2
Property, plant and equipment |
165,850
173,563
3
167,850
176,563
Trade and other receivables |
34,407
83,411
4
44,035
Cash and cash equivalents |
44,591
128,002
78,442
Trade and other payables: amounts falling due within one |
year |
(67,449)
(102,212)
5
10,993
25,790
Net current assets
Total assets less current liabilities |
193,640
187,556
Trade and other payables: amounts falling due after more |
than one year |
(49,119)
(20,593)
6
(39,294)
(34,127)
Provisions for liabilities |
133,753
Net assets
104,310
100
100
133,653
104,210
133,753
104,310
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 July 2024
Peter James & Sons Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 03 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2024
Peter James & Sons Ltd
Notes to the Financial Statements
Statutory Information
Peter James & Sons Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 09182516. |
Fieldway
Pentre Road
Holywell
Flintshire
CH8 8BS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 11 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 July 2024
Peter James & Sons Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
11,000
11,000
8,000
1,000
Charge for year
9,000
2,000
3,000
3. Property, plant and equipment |
Motor vehicles
428,257
516
421,394
6,347
18,584
-
15,000
3,584
-
(8,750)
-
(8,750)
9,931
427,644
516
438,091
Provision for depreciation and impairment |
254,694
516
250,552
3,626
Charge for year
17,844
-
16,889
955
(297)
-
(297)
-
272,241
516
267,144
4,581
5,350
160,500
-
165,850
2,721
170,842
-
173,563
4. Trade and other receivables |
2023
2024
72,423
20,373
Prepayments and accrued income |
10,988
14,034
34,407
83,411
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For the year ended 31 July 2024
Peter James & Sons Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
11,201
10,267
20,605
16,429
Taxation and social security |
52,235
20,364
Obligations under HP/Financial leases |
18,171
20,389
102,212
67,449
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
9,705
20,082
10
31
29,027
10,857
Obligations under HP/Financial leases |
20,593
49,119
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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