Company registration number 10379357 (England and Wales)
J JAMES UTILITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
J JAMES UTILITIES LIMITED
COMPANY INFORMATION
Director
Mr JP James
Company number
10379357
Registered office
C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
Southampton
Hampshire
England
SO53 3TL
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
J JAMES UTILITIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
J JAMES UTILITIES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
132,500
140,000
Tangible assets
5
3,631
4,842
136,131
144,842
Current assets
Debtors
6
11,567
-
0
Cash at bank and in hand
93,329
107,945
104,896
107,945
Creditors: amounts falling due within one year
7
(18,958)
(15,725)
Net current assets
85,938
92,220
Total assets less current liabilities
222,069
237,062
Provisions for liabilities
(908)
-
0
Net assets
221,161
237,062
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
9
220,961
236,862
Total equity
221,161
237,062

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 June 2025
Mr JP James
Director
Company registration number 10379357 (England and Wales)
J JAMES UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

J James Utilities Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Xeinadin First Floor Secure House, Lulworth Close, Chandler's Ford, Southampton, Hampshire, England, SO53 3TL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years. .

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

J JAMES UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
12,978
10,669
Deferred tax
Origination and reversal of timing differences
908
-
0
Total tax charge
13,886
10,669
J JAMES UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
200,000
Amortisation and impairment
At 1 October 2023
60,000
Amortisation charged for the year
7,500
At 30 September 2024
67,500
Carrying amount
At 30 September 2024
132,500
At 30 September 2023
140,000
5
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
2,446
12,995
15,441
Depreciation and impairment
At 1 October 2023
1,715
8,884
10,599
Depreciation charged in the year
183
1,028
1,211
At 30 September 2024
1,898
9,912
11,810
Carrying amount
At 30 September 2024
548
3,083
3,631
At 30 September 2023
731
4,111
4,842
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
11,567
-
0
J JAMES UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,440
1,338
Corporation tax
12,950
10,608
Other taxation and social security
2,168
1,366
Other creditors
2,400
2,413
18,958
15,725
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
75
75
75
75
Ordinary C of £1 each
25
25
25
25
200
200
200
200
9
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
236,862
248,715
Adjusted balance
236,862
248,715
Profit for the year
40,529
35,520
Dividends declared and paid in the year
(56,430)
(47,373)
At the end of the year
220,961
236,862
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