Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity35falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09160156 2024-01-01 2024-12-31 09160156 2023-01-01 2023-12-31 09160156 2024-12-31 09160156 2023-12-31 09160156 c:Director1 2024-01-01 2024-12-31 09160156 d:PlantMachinery 2024-01-01 2024-12-31 09160156 d:PlantMachinery 2024-12-31 09160156 d:PlantMachinery 2023-12-31 09160156 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09160156 d:FurnitureFittings 2024-01-01 2024-12-31 09160156 d:OfficeEquipment 2024-01-01 2024-12-31 09160156 d:OfficeEquipment 2024-12-31 09160156 d:OfficeEquipment 2023-12-31 09160156 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09160156 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09160156 d:CurrentFinancialInstruments 2024-12-31 09160156 d:CurrentFinancialInstruments 2023-12-31 09160156 d:Non-currentFinancialInstruments 2024-12-31 09160156 d:Non-currentFinancialInstruments 2023-12-31 09160156 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09160156 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09160156 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09160156 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09160156 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09160156 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09160156 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09160156 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09160156 d:ShareCapital 2024-12-31 09160156 d:ShareCapital 2023-12-31 09160156 d:RetainedEarningsAccumulatedLosses 2024-12-31 09160156 d:RetainedEarningsAccumulatedLosses 2023-12-31 09160156 c:FRS102 2024-01-01 2024-12-31 09160156 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09160156 c:FullAccounts 2024-01-01 2024-12-31 09160156 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09160156 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 09160156










JAMIE RAILTON SALES AGENCY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAMIE RAILTON SALES AGENCY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAMIE RAILTON SALES AGENCY LIMITED for the year ended 31 December 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of JAMIE RAILTON SALES AGENCY LIMITED in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JAMIE RAILTON SALES AGENCY LIMITED and state those matters that we have agreed to state to the director of JAMIE RAILTON SALES AGENCY LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAMIE RAILTON SALES AGENCY LIMITED and its director for our work or for this report. 

It is your duty to ensure that JAMIE RAILTON SALES AGENCY LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JAMIE RAILTON SALES AGENCY LIMITED. You consider that JAMIE RAILTON SALES AGENCY LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of JAMIE RAILTON SALES AGENCY 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 financial statements.

  



Alder Demain & Akers Ltd
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxford
OX13 5HR
10 March 2025
Page 1

 
JAMIE RAILTON SALES AGENCY LIMITED
REGISTERED NUMBER: 09160156

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
786
3,405

  
786
3,405

Current assets
  

Stocks
  
39,080
350,771

Debtors: amounts falling due within one year
 5 
287,355
752,412

Cash at bank and in hand
 6 
107
368

  
326,542
1,103,551

Creditors: amounts falling due within one year
 7 
(447,574)
(1,329,774)

Net current liabilities
  
 
 
(121,032)
 
 
(226,223)

Total assets less current liabilities
  
(120,246)
(222,818)

Creditors: amounts falling due after more than one year
 8 
(7,257)
(17,409)

  

Net liabilities
  
(127,503)
(240,227)

Page 2

 
JAMIE RAILTON SALES AGENCY LIMITED
REGISTERED NUMBER: 09160156
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(127,603)
(240,327)

  
(127,503)
(240,227)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




................................................
James Andrew Railton
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Jamie Railton Sales Agency Limited is a private company limited by shares which was incorporated in England and Wales.
The company's registered office is:
2 Michaels Court, Hanney Road, Southmoor, Oxon OX13 5HR. 
The company's principal activity is the trade and keep of bloodstock.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
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 Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Fixtures and fittings
-
20%
straight Line
Office equipment
-
20%
straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

Page 6

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
57,285
1,239
58,524


Additions
-
499
499



At 31 December 2024

57,285
1,738
59,023



Depreciation


At 1 January 2024
54,423
697
55,120


Charge for the year on owned assets
2,862
256
3,118



At 31 December 2024

57,285
953
58,238



Net book value



At 31 December 2024
-
785
785



At 31 December 2023
2,862
543
3,405

Page 7

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
136,130
608,391

Other debtors
132,376
127,376

Prepayments and accrued income
6,133
3,929

Tax recoverable
12,716
12,716

287,355
752,412



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
106
369

Less: bank overdrafts
(16,309)
(56,856)

(16,203)
(56,487)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
16,310
56,855

Bank loans
10,372
10,148

Trade creditors
69,739
975,341

Other taxation and social security
82,804
60,737

Other creditors
262,499
220,843

Accruals and deferred income
5,850
5,850

447,574
1,329,774


Page 8

 
JAMIE RAILTON SALES AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,257
17,409

7,257
17,409



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,372
10,148


10,372
10,148

Amounts falling due 1-2 years

Bank loans
7,257
10,372


7,257
10,372

Amounts falling due 2-5 years

Bank loans
-
7,038


-
7,038


17,629
27,558


 
Page 9