1 1 Saint James Drylining Limited 12395728 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is plastering Digita Accounts Production Advanced 6.30.9574.0 true 12395728 2023-02-01 2024-01-31 12395728 2024-01-31 12395728 bus:Director1 1 2024-01-31 12395728 bus:OrdinaryShareClass1 2024-01-31 12395728 core:CurrentFinancialInstruments 2024-01-31 12395728 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12395728 core:Non-currentFinancialInstruments 2024-01-31 12395728 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 12395728 core:OfficeEquipment 2024-01-31 12395728 bus:SmallEntities 2023-02-01 2024-01-31 12395728 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12395728 bus:FilletedAccounts 2023-02-01 2024-01-31 12395728 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12395728 bus:RegisteredOffice 2023-02-01 2024-01-31 12395728 bus:Director1 2023-02-01 2024-01-31 12395728 bus:Director1 1 2023-02-01 2024-01-31 12395728 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 12395728 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12395728 bus:Agent1 2023-02-01 2024-01-31 12395728 core:OfficeEquipment 2023-02-01 2024-01-31 12395728 countries:England 2023-02-01 2024-01-31 12395728 2023-01-31 12395728 bus:Director1 1 2023-01-31 12395728 core:OfficeEquipment 2023-01-31 12395728 2022-02-01 2023-01-31 12395728 2023-01-31 12395728 bus:Director1 1 2023-01-31 12395728 bus:OrdinaryShareClass1 2023-01-31 12395728 core:CurrentFinancialInstruments 2023-01-31 12395728 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 12395728 core:Non-currentFinancialInstruments 2023-01-31 12395728 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 12395728 core:OfficeEquipment 2023-01-31 12395728 bus:Director1 1 2022-02-01 2023-01-31 12395728 bus:Director1 1 2022-01-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12395728

Saint James Drylining Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Saint James Drylining Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Saint James Drylining Limited

Company Information

Director

Ms E A Ayres-Norman

Registered office

Merryhill
Rotten Row
Bradfield
Berkshire
RG7 6LL

Accountants

David Jones & Co 2018 Limited
AccountantsThe Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Saint James Drylining Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Saint James Drylining Limited for the year ended 31 January 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As the main director is a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Saint James Drylining Limited, as a body, in accordance with the terms of our engagement letter dated 16 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Saint James Drylining Limited and state those matters that we have agreed to state to the Board of Directors of Saint James Drylining Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saint James Drylining Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Saint James Drylining Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Saint James Drylining Limited. You consider that Saint James Drylining Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Saint James Drylining Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

David Jones & Co 2018 Limited
Accountants
The Centre
Reading Road
Eversley Centre
Hampshire
RG27 0NB

14 February 2025

 

Saint James Drylining Limited

(Registration number: 12395728)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

166

278

Current assets

 

Debtors

5

61,360

53,237

Cash at bank and in hand

 

95

4,170

 

61,455

57,407

Creditors: Amounts falling due within one year

6

(38,167)

(32,660)

Net current assets

 

23,288

24,747

Total assets less current liabilities

 

23,454

25,025

Creditors: Amounts falling due after more than one year

6

(14,667)

(22,667)

Net assets

 

8,787

2,358

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

8,687

2,258

Shareholders' funds

 

8,787

2,358

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2025
 

.........................................
Ms E A Ayres-Norman
Director

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Merryhill
Rotten Row
Bradfield
Berkshire
RG7 6LL

These financial statements were authorised for issue by the director on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

1,006

1,006

Additions

249

249

At 31 January 2024

1,255

1,255

Depreciation

At 1 February 2023

728

728

Charge for the year

361

361

At 31 January 2024

1,089

1,089

Carrying amount

At 31 January 2024

166

166

At 31 January 2023

278

278

5

Debtors

2024
£

2023
£

Trade debtors

1,738

-

Other debtors

58,922

52,587

Prepayments

700

650

61,360

53,237

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

8,000

8,000

Trade creditors

 

2,595

757

Taxation and social security

 

8,570

5,387

Accruals and deferred income

 

1,634

1,148

Other creditors

 

17,368

17,368

 

38,167

32,660

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

14,667

22,667

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

14,667

22,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,000

8,000

 

Saint James Drylining Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

9

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Ms E A Ayres-Norman

Director's loan

10,496

17,451

27,947

2023

At 1 February 2022
£

Advances to director
£

At 31 January 2023
£

Ms E A Ayres-Norman

Director's loan

-

10,496

10,496