James Grant (Retail) Limited Filleted Accounts Cover
James Grant (Retail) Limited
Company No. 09387946
Information for Filing with The Registrar
31 May 2024
James Grant (Retail) Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 May 2024.
Principal activities
The principal activity of the company during the year under review was clothing retail.
Director
The Director who served at any time during the year was as follows:
T.D. Luper
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
T.D. Luper
Director
25 February 2025
James Grant (Retail) Limited Balance Sheet Registrar
at
31 May 2024
Company No.
09387946
Notes
2024
2023
£
£
Current assets
Stocks
4
1,7161,732
Debtors
5
33,70817,058
Cash at bank and in hand
1,074752
36,49819,542
Creditors: Amount falling due within one year
6
(36,387)
(31,290)
Net current assets/(liabilities)
111
(11,748)
Total assets less current liabilities
111
(11,748)
Net assets/(liabilities)
111
(11,748)
Capital and reserves
Called up share capital
100100
Profit and loss account
8
11
(11,848)
Total equity
111
(11,748)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 February 2025 and signed on its behalf by:
T.D. Luper
Director
25 February 2025
James Grant (Retail) Limited Notes to the Accounts Registrar
for the year ended 31 May 2024
1
General information
James Grant (Retail) Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09387946
Its registered office is:
c/o 5 Carrwood Park
Selby Road
Leeds
West Yorkshire
LS15 4LG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Stocks
2024
2023
£
£
Finished goods
1,7161,732
1,7161,732
5
Debtors
2024
2023
£
£
Trade debtors
-150
Loans to directors
108-
Other debtors
33,60016,908
33,70817,058
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
66212
Trade creditors
22,05218,138
Taxes and social security
2,723
3,274
Other creditors
11,5469,666
36,38731,290
7
Share Capital
100 Ordinary Shares allocated, called up and fully paid
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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