1 August 2023 v2025.5.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP131157492023-08-012024-07-31131157492024-07-31131157492023-07-3113115749core:WithinOneYear2024-07-3113115749core:WithinOneYear2023-07-3113115749core:ShareCapital2024-07-3113115749core:ShareCapital2023-07-3113115749core:RetainedEarningsAccumulatedLosses2024-07-3113115749core:RetainedEarningsAccumulatedLosses2023-07-3113115749bus:Director12023-08-012024-07-3113115749bus:RegisteredOffice2023-08-012024-07-31131157492022-08-012023-07-311311574912023-08-012024-07-3113115749countries:EnglandWales2023-08-012024-07-3113115749bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3113115749bus:PrivateLimitedCompanyLtd2023-08-012024-07-3113115749bus:SmallEntities2023-08-012024-07-3113115749bus:FullAccounts2023-08-012024-07-31
Company registration number:
13115749
JAMES ST FOOD LIMITED
Unaudited Filleted Financial Statements for the year ended
31 July 2024
JAMES ST FOOD LIMITED
Statement of Financial Position
31 July 2024
20242023
Note££
Current assets    
Stocks
6,243
 
6,348
 
Debtors 5
279,193
 
207,742
 
Cash at bank and in hand
181,910
 
217,882
 
467,346
 
431,972
 
Creditors: amounts falling due within one year 6
(457,361
)
(380,369
)
Net current assets
9,985
 
51,603
 
Total assets less current liabilities 9,985   51,603  
Capital and reserves    
Called up share capital
200
 
200
 
Profit and loss account
9,785
 
51,403
 
Shareholders funds
9,985
 
51,603
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
A Ridha
Director
Company registration number:
13115749
JAMES ST FOOD LIMITED
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
36 James Street
,
London
,
W1U 1ES
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
12
).

5 Debtors

20242023
££
Trade debtors
262,085
 
175,661
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,270
 
2,270
 
Other debtors
14,838
 
29,811
 
279,193
 
207,742
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
380,489
 
338,744
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
(24,481
) -  
Taxation and social security
1,968
 
16,163
 
Other creditors
99,385
 
25,462
 
457,361
 
380,369