Registered number
11602643
James Sullivan Ltd
Filleted Accounts
31 October 2024
James Sullivan Ltd
Registered number: 11602643
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 8,030 8,196
Cash at bank and in hand 86,622 54,529
94,652 62,725
Creditors: amounts falling due within one year 4 (37,267) (14,172)
Net current assets 57,385 48,553
Total assets less current liabilities 57,385 48,553
Creditors: amounts falling due after more than one year 5 (5,375) (11,250)
Net assets 52,010 37,303
Capital and reserves
Called up share capital 101 101
Profit and loss account 51,909 37,202
Shareholder's funds 52,010 37,303
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Sullivan
Director
Approved by the board on 7 June 2025
James Sullivan Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
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
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 8,030 8,196
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,875 5,875
Trade creditors 1,889 1,873
Taxation and social security costs 14,270 5,433
Other creditors 15,233 991
37,267 14,172
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,375 11,250
6 Other information
James Sullivan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Pearsons Yard
Swinton
Malton
YO17 6TF
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