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Company Registration No. 07463791 (England and Wales)
James Wade Homes Ltd Unaudited accounts for the year ended 31 December 2024
James Wade Homes Ltd Unaudited accounts Contents
Page
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James Wade Homes Ltd Company Information for the year ended 31 December 2024
Director
J A Wade
Secretary
Mrs G Wade
Company Number
07463791 (England and Wales)
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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James Wade Homes Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
17,637 
Investments
10,000 
10,000 
10,000 
27,637 
Current assets
Inventories
- 
357,587 
Debtors
3,356 
9,637 
Cash at bank and in hand
644,355 
565,286 
647,711 
932,510 
Creditors: amounts falling due within one year
43,324 
(207,101)
Net current assets
691,035 
725,409 
Net assets
701,035 
753,046 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
700,933 
752,944 
Shareholders' funds
701,035 
753,046 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 8 January 2025 and were signed on its behalf by
J A Wade Director Company Registration No. 07463791
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James Wade Homes Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
James Wade Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07463791.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
33% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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James Wade Homes Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
32,565 
26,000 
937 
607 
60,109 
Additions
- 
- 
- 
766 
766 
Disposals
(32,565)
(26,000)
(937)
(1,373)
(60,875)
At 31 December 2024
- 
- 
- 
- 
- 
Depreciation
At 1 January 2024
30,200 
11,152 
513 
607 
42,472 
Charge for the year
661 
3,712 
15 
28 
4,416 
On disposals
(30,861)
(14,864)
(528)
(635)
(46,888)
At 31 December 2024
- 
- 
- 
- 
- 
Net book value
At 31 December 2024
- 
- 
- 
- 
- 
At 31 December 2023
2,365 
14,848 
424 
- 
17,637 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
10,000 
Valuation at 31 December 2024
10,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,356 
5,299 
Other debtors
- 
4,338 
3,356 
9,637 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
154,609 
Trade creditors
- 
10,794 
Taxes and social security
43,791 
358 
Other creditors
- 
40,000 
Loans from directors
(87,115)
90 
Accruals
- 
1,250 
(43,324)
207,101 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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