Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30false2023-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10057923 2023-07-01 2024-06-30 10057923 2022-07-01 2023-06-30 10057923 2024-06-30 10057923 2023-06-30 10057923 c:Director1 2023-07-01 2024-06-30 10057923 d:CurrentFinancialInstruments 2024-06-30 10057923 d:CurrentFinancialInstruments 2023-06-30 10057923 d:Non-currentFinancialInstruments 2024-06-30 10057923 d:Non-currentFinancialInstruments 2023-06-30 10057923 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10057923 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10057923 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10057923 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10057923 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 10057923 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10057923 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 10057923 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10057923 d:ShareCapital 2024-06-30 10057923 d:ShareCapital 2023-06-30 10057923 d:RetainedEarningsAccumulatedLosses 2024-06-30 10057923 d:RetainedEarningsAccumulatedLosses 2023-06-30 10057923 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10057923 c:OrdinaryShareClass1 2024-06-30 10057923 c:OrdinaryShareClass1 2023-06-30 10057923 c:FRS102 2023-07-01 2024-06-30 10057923 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10057923 c:FullAccounts 2023-07-01 2024-06-30 10057923 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10057923 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10057923









EDMUND JAMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
EDMUND JAMES LIMITED
REGISTERED NUMBER: 10057923

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
291,086
291,086

Debtors: amounts falling due within one year
 4 
959,064
775,614

Cash at bank and in hand
  
26
111

  
1,250,176
1,066,811

Creditors: amounts falling due within one year
 5 
(1,235,105)
(1,041,634)

Net current assets
  
 
 
15,071
 
 
25,177

Total assets less current liabilities
  
15,071
25,177

Creditors: amounts falling due after more than one year
 6 
(34,571)
(36,144)

  

Net liabilities
  
(19,500)
(10,967)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(19,501)
(10,968)

  
(19,500)
(10,967)


Page 1

 
EDMUND JAMES LIMITED
REGISTERED NUMBER: 10057923
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.




Julie Archer
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EDMUND JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10057923.  The Company's registered office is 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis and will continue to support the company during these uncertain periods. 

Page 3

 
EDMUND JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
EDMUND JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
959,064
775,614

959,064
775,614



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,200
8,433

Other creditors
1,225,905
1,031,551

Accruals and deferred income
-
1,650

1,235,105
1,041,634


Page 5

 
EDMUND JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
34,571
36,144

34,571
36,144



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,200
8,433


9,200
8,433

Amounts falling due 1-2 years

Bank loans
9,200
9,200


9,200
9,200

Amounts falling due 2-5 years

Bank loans
25,371
26,944


25,371
26,944


43,771
44,577



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 6

 
EDMUND JAMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Transactions with directors

As at the balance sheet date £794,996 (2023: £767,344) was due to the director. The loan is interest free and repayable on demand. 

 
Page 7