3 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10282124 2023-07-01 2024-06-30 10282124 2024-06-30 10282124 2023-06-30 10282124 2022-07-01 2023-06-30 10282124 2023-06-30 10282124 2022-06-30 10282124 bus:RegisteredOffice 2023-07-01 2024-06-30 10282124 bus:Director1 2023-07-01 2024-06-30 10282124 core:WithinOneYear 2024-06-30 10282124 core:WithinOneYear 2023-06-30 10282124 core:AfterOneYear 2024-06-30 10282124 core:AfterOneYear 2023-06-30 10282124 core:ShareCapital 2024-06-30 10282124 core:ShareCapital 2023-06-30 10282124 core:RetainedEarningsAccumulatedLosses 2024-06-30 10282124 core:RetainedEarningsAccumulatedLosses 2023-06-30 10282124 bus:Director1 2023-06-30 10282124 bus:Director1 2024-06-30 10282124 bus:Director1 2023-06-30 10282124 bus:Director1 2022-07-01 2023-06-30 10282124 bus:SmallEntities 2023-07-01 2024-06-30 10282124 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10282124 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10282124 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10282124 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 10282124
Cordelia James (Rye) Limited
Unaudited filleted financial statements
30 June 2024
Cordelia James (Rye) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Cordelia James (Rye) Limited
Directors and other information
Director Mr James Tweddle
Company number 10282124
Registered office No 7, The Colonnade Rye Road
Hawkhurst
Kent
TN18 4ES
Cordelia James (Rye) Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Stocks 18,250 16,500
Debtors 5 3,183 100
Cash at bank and in hand 155,544 149,487
_______ _______
176,977 166,087
Creditors: amounts falling due
within one year 6 ( 33,851) ( 28,381)
_______ _______
Net current assets 143,126 137,706
_______ _______
Total assets less current liabilities 143,126 137,706
Creditors: amounts falling due
after more than one year 7 ( 185) ( 320)
_______ _______
Net assets 142,941 137,386
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 142,841 137,286
_______ _______
Shareholder funds 142,941 137,386
_______ _______
For the year ending 30 June 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr James Tweddle
Director
Company registration number: 10282124
Cordelia James (Rye) Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is No 7, The Colonnade Rye Road, Hawkhurst, Kent, TN18 4ES.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
No provision for deferred taxation has been provided for in the financial statemnets due to the amount not being material.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Debtors
2024 2023
£ £
Other debtors 3,183 100
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 135 132
Corporation tax 12,560 13,142
Social security and other taxes 15,820 8,739
Other creditors 5,336 6,368
_______ _______
33,851 28,381
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 185 320
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr James Tweddle ( 984) ( 69) ( 1,053)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr James Tweddle - ( 984) ( 984)
_______ _______ _______