Company Registration No. 01432310 (England and Wales)
Stuart James Systems Limited
Unaudited accounts
for the year ended 31 July 2024
Stuart James Systems Limited
Unaudited accounts
Contents
Stuart James Systems Limited
Statement of financial position
as at 31 July 2024
Tangible assets
345,146
348,719
Cash at bank and in hand
82,021
69,660
Creditors: amounts falling due within one year
(33,115)
(39,048)
Net current assets
51,384
52,143
Net assets
396,530
400,862
Called up share capital
20,100
20,100
Revaluation reserve
319,151
327,651
Profit and loss account
57,279
53,111
Shareholders' funds
396,530
400,862
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2025 and were signed on its behalf by
Dr M J Walker
Director
Company Registration No. 01432310
Stuart James Systems Limited
Notes to the Accounts
for the year ended 31 July 2024
Stuart James Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 01432310. The registered office is Willows End Sudbury Road, Yoxall, Burton On Trent, DE13 8PQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Stuart James Systems Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
425,000
9,251
-
8,151
442,402
Additions
-
-
6,725
-
6,725
At 31 July 2024
425,000
9,251
6,725
8,151
449,127
At 1 August 2023
76,500
9,251
-
7,932
93,683
Charge for the year
8,500
-
1,725
73
10,298
At 31 July 2024
85,000
9,251
1,725
8,005
103,981
At 31 July 2024
340,000
-
5,000
146
345,146
At 31 July 2023
348,500
-
-
219
348,719
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,435
4,306
Loans from directors
16,801
31,553
Allotted, called up and fully paid:
18,100 Ordinary shares of £1 each
18,100
18,100
2,000 Ordinary 'A' shares of £1 each
2,000
2,000
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Average number of employees
During the year the average number of employees was 2 (2023: 2).