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REGISTERED NUMBER: 07195327 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

James O Bedford Limited

James O Bedford Limited (Registered number: 07195327)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


James O Bedford Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr J O Bedford





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 07195327 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

James O Bedford Limited (Registered number: 07195327)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 85,348 242,998
Cash at bank 119,719 10,121
205,067 253,119
CREDITORS
Amounts falling due within one year 6 22,433 18,809
NET CURRENT ASSETS 182,634 234,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,634

234,310

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 182,534 234,210
SHAREHOLDERS' FUNDS 182,634 234,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





Mr J O Bedford - Director


James O Bedford Limited (Registered number: 07195327)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

James O Bedford Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 225,000
AMORTISATION
At 1 May 2023
and 30 April 2024 225,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Goodwill arose on the purchase of the company's share in the partnership.

James O Bedford Limited (Registered number: 07195327)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 85,348 152,687
Directors' current accounts - 90,311
85,348 242,998

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,668 17,975
Directors' current accounts 16,865 -
Accruals and deferred income 900 834
22,433 18,809

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 - 100
55 Ordinary A £1 55 -
45 Ordinary B £1 45 -
100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J O Bedford
Balance outstanding at start of year 90,311 22,194
Amounts advanced - 237,694
Amounts repaid (90,311 ) (169,577 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 90,311

Interest was charged on the overdrawn directors loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.