Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseConsultancy11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09008182 2023-05-01 2024-04-30 09008182 2022-05-01 2023-04-30 09008182 2024-04-30 09008182 2023-04-30 09008182 c:Director1 2023-05-01 2024-04-30 09008182 d:OfficeEquipment 2023-05-01 2024-04-30 09008182 d:OfficeEquipment 2024-04-30 09008182 d:OfficeEquipment 2023-04-30 09008182 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09008182 d:CurrentFinancialInstruments 2024-04-30 09008182 d:CurrentFinancialInstruments 2023-04-30 09008182 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09008182 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09008182 d:ShareCapital 2024-04-30 09008182 d:ShareCapital 2023-04-30 09008182 d:RetainedEarningsAccumulatedLosses 2024-04-30 09008182 d:RetainedEarningsAccumulatedLosses 2023-04-30 09008182 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 09008182 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 09008182 c:FRS102 2023-05-01 2024-04-30 09008182 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09008182 c:FullAccounts 2023-05-01 2024-04-30 09008182 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09008182 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09008182









STEVEN JAMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
STEVEN JAMES LIMITED
REGISTERED NUMBER: 09008182

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
624
-

  
624
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,080

Cash at bank and in hand
 6 
14,323
10,297

  
14,323
11,377

Creditors: amounts falling due within one year
 7 
(1,936)
(3,970)

Net current assets
  
 
 
12,387
 
 
7,407

Total assets less current liabilities
  
13,011
7,407

  

Net assets
  
13,011
7,407


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
12,811
7,207

  
13,011
7,407

Page 1

 
STEVEN JAMES LIMITED
REGISTERED NUMBER: 09008182
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 January 2025.





................................................
Steven Fergus James
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
STEVEN JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of aviation consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Page 3

 
STEVEN JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 4

 
STEVEN JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
608


Additions
1,249



At 30 April 2024

1,857



Depreciation


At 1 May 2023
608


Charge for the year on owned assets
625



At 30 April 2024

1,233



Net book value



At 30 April 2024
624



At 30 April 2023
-

Page 5

 
STEVEN JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
1,080

-
1,080



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,323
10,297

14,323
10,297



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
210
1,400

Other creditors
571
1,530

Accruals and deferred income
1,155
1,040

1,936
3,970


Page 6

 
STEVEN JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
14,323
10,297




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Controlling party

The Company is controlled by the directors, Steven Fergus James and Christina Anne James, by virtue of their shareholding as described in the directors' report. 

 
Page 7