James Pyle Holdings Ltd |
Notes to the Accounts |
for the year ended 31 August 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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. |
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Debtors |
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Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price, which is usually the invoice price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 September 2023 |
2,000 |
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At 31 August 2024 |
2,000 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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1,583 |
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493 |
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Other debtors |
336 |
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179 |
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1,919 |
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672 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
132 |
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47 |
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Taxation and social security costs |
- |
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481 |
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Other creditors |
20,109 |
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26,084 |
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20,241 |
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26,612 |
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6 |
Related party transactions |
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Included in creditors due within one year is an amount of £19,245 (2023: £25,305) due to the directors. |
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7 |
Other information |
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James Pyle Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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The Barn |
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Swan Barton |
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Sherston |
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SN16 0LJ |