| Registered Number:07064084 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
J.Douglas Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
J.Douglas Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
3,727
4,968
2
3,727
4,968
| Trade and other receivables |
982
784
3
12,969
| Cash and cash equivalents |
10,786
11,570
13,951
| Trade and other payables: amounts falling due within one |
| year |
(500)
(797)
4
13,451
10,773
Net current assets
| Total assets less current liabilities |
14,500
18,419
| Trade and other payables: amounts falling due after more |
| than one year |
(911)
(911)
5
(1,014)
(1,014)
| Provisions for liabilities |
12,575
Net assets
16,494
1
1
12,574
16,493
12,575
16,494
Shareholders' funds
| For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr John Douglas Ryves Director |
| These financial statements were approved and authorised for issue by the Board on 08 July 2025 and were signed by: |
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For the year ended 30 November 2024
J.Douglas Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 30 November 2024
J.Douglas Limited
Notes to the Financial Statements
Statutory Information
| J.Douglas Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07064084. |
21 Chestnut Avenue
Axbridge
Somerset
BS26 2BS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
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For the year ended 30 November 2024
J.Douglas Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
20,802
17,606
3,196
3,196
17,606
20,802
| Provision for depreciation and impairment |
15,834
12,832
3,002
Charge for year
1,241
1,193
48
17,075
14,025
3,050
146
3,581
3,727
194
4,774
4,968
| In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as |
| follows: |
16,554
14,177
14,177
2,377
| Net historical cost value: |
2,377
| 3. Trade and other receivables |
2023
2024
784
982
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For the year ended 30 November 2024
J.Douglas Limited
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
196
-
101
-
500
500
797
500
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
911
911
| 6. Directors advances and guarantees |
Mr John Douglas Ryves
Directors Loan
-
(911)
-
(911)
| The company's major debtor is the director, and hence the continuity of the business as a going concern is |
| dependent on the director's ability to repay their financial obligations to the company. |
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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