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REGISTERED NUMBER: 00718697 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

T. JAMES (ELECTRICAL) LIMITED

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T. JAMES (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: SG Turner
LJ Turner
EM Cox





REGISTERED OFFICE: 30a Regent Street
Kettering
Northamptonshire
NN16 8QG





REGISTERED NUMBER: 00718697 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,882 264,873

CURRENT ASSETS
Stocks 194,915 196,607
Debtors 5 1,077,041 1,392,910
Cash at bank and in hand 439,077 303,874
1,711,033 1,893,391
CREDITORS
Amounts falling due within one year 6 980,852 1,132,169
NET CURRENT ASSETS 730,181 761,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,063

1,026,095

CREDITORS
Amounts falling due after more than one
year

7

(54,773

)

(37,385

)

PROVISIONS FOR LIABILITIES (89,720 ) (50,326 )
NET ASSETS 944,570 938,384

CAPITAL AND RESERVES
Called up share capital 19,240 19,240
Capital redemption reserve 5,760 5,760
Retained earnings 919,570 913,384
SHAREHOLDERS' FUNDS 944,570 938,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2025 and were signed on its behalf by:





EM Cox - Director


T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

T. James (Electrical) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 30 ) .

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 74,789 517,456 592,245
Additions 6,574 228,895 235,469
Disposals - (150,143 ) (150,143 )
Transfer to ownership - (8,242 ) (8,242 )
At 30th September 2024 81,363 587,966 669,329
DEPRECIATION
At 1st October 2023 55,072 272,300 327,372
Charge for year 10,121 98,620 108,741
Eliminated on disposal - (117,424 ) (117,424 )
Transfer to ownership - (8,242 ) (8,242 )
At 30th September 2024 65,193 245,254 310,447
NET BOOK VALUE
At 30th September 2024 16,170 342,712 358,882
At 30th September 2023 19,717 245,156 264,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023 68,703
Additions 228,394
Transfer to ownership (32,967 )
At 30th September 2024 264,130
DEPRECIATION
At 1st October 2023 20,016
Charge for year 32,386
Transfer to ownership (8,242 )
At 30th September 2024 44,160
NET BOOK VALUE
At 30th September 2024 219,970
At 30th September 2023 48,687

T. JAMES (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00718697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 710,377 928,708
Amounts owed by group undertakings 275,529 223,135
Other debtors 91,135 241,067
1,077,041 1,392,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 53,241 16,924
Trade creditors 456,522 483,134
Taxation and social security 141,769 310,980
Other creditors 329,320 321,131
980,852 1,132,169

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 54,773 14,173
Other creditors - 23,212
54,773 37,385

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which
the entity has a participating interest and directors were all concluded under normal market conditions.