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JAMES 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G. H. JAMES CYFYNGEDIG

Registered Number
04044159
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

G. H. JAMES CYFYNGEDIG
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

JAMES, Ann Wynn
JAMES, Gwilym Huw

Company Secretary

JAMES, Ann Wynn

Registered Address

Unedau 1-3 Adeilad Utica
Trawsfynydd
LL41 4DU

Registered Number

04044159 (England and Wales)
G. H. JAMES CYFYNGEDIG
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,373,2411,280,062
1,373,2411,280,062
Current assets
Stocks420,00020,000
Debtors270,712571,457
Cash at bank and on hand995,0551,021,932
1,285,7671,613,389
Creditors amounts falling due within one year5(586,224)(901,525)
Net current assets (liabilities)699,543711,864
Total assets less current liabilities2,072,7841,991,926
Creditors amounts falling due after one year6(70,042)(5,879)
Provisions for liabilities7(225,766)(159,709)
Net assets1,776,9761,826,338
Capital and reserves
Called up share capital110,100110,100
Profit and loss account1,666,8761,716,238
Shareholders' funds1,776,9761,826,338
The financial statements were approved and authorised for issue by the Board of Directors on 3 February 2025, and are signed on its behalf by:
JAMES, Ann Wynn
Director
Registered Company No. 04044159
G. H. JAMES CYFYNGEDIG
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings50
Plant and machinery6.67
Fixtures and fittings6.67
Vehicles6.67
Office Equipment6.67
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year3333
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 July 23185,0003,056,64246,9693,288,611
Additions-379,4733,994383,467
Disposals-(256,010)-(256,010)
At 30 June 24185,0003,180,10550,9633,416,068
Depreciation and impairment
At 01 July 2319,6311,947,13041,7882,008,549
Charge for year3,70029,3051,27334,278
At 30 June 2423,3311,976,43543,0612,042,827
Net book value
At 30 June 24161,6691,203,6707,9021,373,241
At 30 June 23165,3691,109,5125,1811,280,062
4.Stocks

2024

2023

££
Raw materials and consumables20,00020,000
Total20,00020,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables483,339707,794
Taxation and social security33,717176,395
Finance lease and HP contracts61,64210,079
Other creditors1,8061,806
Accrued liabilities and deferred income5,7205,451
Total586,224901,525
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Trade creditors / trade payables70,0425,879
Total70,0425,879
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)225,766159,709
Total225,766159,709
8.Related party transactions
The company is a family run business. The company Directors, Gwilym and Ann James, and their sons, Huw James and Dewi James receive salaries and dividends during the year. Other than that there were no other related party transactions. The company was controlled by its Directors by virtue of the fact that they own the controlling share capital.