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REGISTERED NUMBER: 05217344 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JAMES MASSEY DESIGN LIMITED

JAMES MASSEY DESIGN LIMITED (REGISTERED NUMBER: 05217344)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JAMES MASSEY DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J C Massey



SECRETARY: Mrs B Massey



REGISTERED OFFICE: 1 Sheffield Road
Southborough
TUNBRIDGE WELLS
Kent
TN4 0PD



REGISTERED NUMBER: 05217344 (England and Wales)



ACCOUNTANTS: Raymond Benn & Co Limited
Chartered Certified Accountants
1 Sheffield Road
Southborough
TUNBRIDGE WELLS
Kent
TN4 0PD



BANKERS: Lloyds TSB Bank plc
18 Week Street
Maidstone
Kent
ME14 1RW

JAMES MASSEY DESIGN LIMITED (REGISTERED NUMBER: 05217344)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 121,841 125,017
121,841 125,017

CURRENT ASSETS
Debtors 84,554 98,454
Cash at bank 35,585 31,114
120,139 129,568
CREDITORS
Amounts falling due within one year (117,732 ) (109,990 )
NET CURRENT ASSETS 2,407 19,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,248

144,595

CREDITORS
Amounts falling due after more than one
year

6

(58,880

)

(75,340

)

PROVISIONS FOR LIABILITIES (502 ) (611 )
NET ASSETS 64,866 68,644

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,766 68,544
SHAREHOLDERS' FUNDS 64,866 68,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JAMES MASSEY DESIGN LIMITED (REGISTERED NUMBER: 05217344)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2025 and were signed by:





J C Massey - Director


JAMES MASSEY DESIGN LIMITED (REGISTERED NUMBER: 05217344)

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

1. STATUTORY INFORMATION

James Massey Design 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

JAMES MASSEY DESIGN LIMITED (REGISTERED NUMBER: 05217344)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 20,000
AMORTISATION
At 1 September 2023
and 31 August 2024 20,000
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 243,087
Additions 1,472
At 31 August 2024 244,559
DEPRECIATION
At 1 September 2023 118,070
Charge for year 4,648
At 31 August 2024 122,718
NET BOOK VALUE
At 31 August 2024 121,841
At 31 August 2023 125,017

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 11,609 18,866

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 50,304 56,598