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
James Wade Homes Ltd
Company Information
for the year ended 31 December 2024
Company Number
07463791 (England and Wales)
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
James Wade Homes Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
644,355
565,286
Creditors: amounts falling due within one year
43,324
(207,101)
Net current assets
691,035
725,409
Net assets
701,035
753,046
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
James Wade Homes Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
Disposals
(32,565)
(26,000)
(937)
(1,373)
(60,875)
At 31 December 2024
-
-
-
-
-
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
-
-
-
-
-
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
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
154,609
Taxes and social security
43,791
358
Loans from directors
(87,115)
90
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).