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REGISTERED NUMBER: 04725595 (England and Wales)















TONY JAMES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






TONY JAMES LIMITED (REGISTERED NUMBER: 04725595)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONY JAMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: Mr A S James





REGISTERED OFFICE: Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ





REGISTERED NUMBER: 04725595 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

TONY JAMES LIMITED (REGISTERED NUMBER: 04725595)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,299 26,921

CURRENT ASSETS
Stocks 475 4,759
Debtors 5 1,264 1,388
Cash at bank 5,760 3,925
7,499 10,072
CREDITORS
Amounts falling due within one year 6 9,122 11,091
NET CURRENT LIABILITIES (1,623 ) (1,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,676

25,902

PROVISIONS FOR LIABILITIES 4,617 5,115
NET ASSETS 18,059 20,787

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,058 20,786
SHAREHOLDERS' FUNDS 18,059 20,787

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.

TONY JAMES LIMITED (REGISTERED NUMBER: 04725595)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr A S James - Director


TONY JAMES LIMITED (REGISTERED NUMBER: 04725595)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024


1. STATUTORY INFORMATION

Tony James 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TONY JAMES LIMITED (REGISTERED NUMBER: 04725595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 71,449 32,936 104,385
Additions 2,852 - 2,852
At 30 April 2024 74,301 32,936 107,237
DEPRECIATION
At 1 May 2023 54,618 22,846 77,464
Charge for year 2,952 2,522 5,474
At 30 April 2024 57,570 25,368 82,938
NET BOOK VALUE
At 30 April 2024 16,731 7,568 24,299
At 30 April 2023 16,831 10,090 26,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,264 1,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,263
Taxation and social security 3,637 4,070
Other creditors 5,485 5,758
9,122 11,091

7. RELATED PARTY DISCLOSURES

According to the director, there were no material related party transactions during the year.

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the Company is exercised by the sole director.