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REGISTERED NUMBER: 10440744 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MICHAEL JAMES GROUP LIMITED

MICHAEL JAMES GROUP LIMITED (REGISTERED NUMBER: 10440744)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL JAMES GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: S M Crowther





REGISTERED OFFICE: NO 7 Clarendon Place
Royal Leamington SPA
Engeland
Coventry
CV32 5QL





REGISTERED NUMBER: 10440744 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

MICHAEL JAMES GROUP LIMITED (REGISTERED NUMBER: 10440744)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 114

CURRENT ASSETS
Stocks - 147,300
Debtors 5 49,600 77,765
Investments 6 72 72
Cash at bank 38,729 75,424
88,401 300,561
CREDITORS
Amounts falling due within one year 7 18,504 181,929
NET CURRENT ASSETS 69,897 118,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,897

118,746

CREDITORS
Amounts falling due after more than one
year

8

31,120

38,762
NET ASSETS 38,777 79,984

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 38,676 79,883
38,777 79,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MICHAEL JAMES GROUP LIMITED (REGISTERED NUMBER: 10440744)

BALANCE SHEET - continued
31 OCTOBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





S M Crowther - Director


MICHAEL JAMES GROUP LIMITED (REGISTERED NUMBER: 10440744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Michael James Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
Based on future forecasted profits and the continuing support of the company's bank, the director is of the opinion the company is a going concern and therefore the accounts have been prepared on this basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MICHAEL JAMES GROUP LIMITED (REGISTERED NUMBER: 10440744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 964
DEPRECIATION
At 1 November 2023 850
Charge for year 114
At 31 October 2024 964
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 22,200
Amounts owed by group undertakings 6,200 4,950
Other debtors 43,400 50,615
49,600 77,765

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 72 72

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,604 6,600
Trade creditors 859 120,729
Taxation and social security 7,772 45,269
Other creditors 2,269 9,331
18,504 181,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,120 38,762