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REGISTERED NUMBER: 04294051 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JAMES DE FRIAS LIMITED

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES DE FRIAS LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D R Bowden BSc FCA
S R Dethridge FCCA





SECRETARY:





REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY





REGISTERED NUMBER: 04294051 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 128,491 152,831
Tangible assets 5 9,172 7,961
137,663 160,792

CURRENT ASSETS
Debtors 6 136,839 157,519
Cash at bank 127,952 154,656
264,791 312,175
CREDITORS
Amounts falling due within one year 7 176,265 243,979
NET CURRENT ASSETS 88,526 68,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,189

228,988

CREDITORS
Amounts falling due after more than one
year

8

28,000

51,749
NET ASSETS 198,189 177,239

CAPITAL AND RESERVES
Called up share capital 83 83
Retained earnings 198,106 177,156
SHAREHOLDERS' FUNDS 198,189 177,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:




D R Bowden BSc FCA - Director



S R Dethridge FCCA - Director


JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The basis of writing off goodwill arising on an acquisition of a practice is to write off over a ten year period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Computer equipment - 15% on cost

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

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

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 7 (2024 - 8 ) .

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 458,172
Additions 9,167
At 31 March 2025 467,339
AMORTISATION
At 1 April 2024 305,341
Charge for year 33,507
At 31 March 2025 338,848
NET BOOK VALUE
At 31 March 2025 128,491
At 31 March 2024 152,831

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024 23,253 11,159 34,412
Additions - 3,198 3,198
At 31 March 2025 23,253 14,357 37,610
DEPRECIATION
At 1 April 2024 18,370 8,081 26,451
Charge for year 1,081 906 1,987
At 31 March 2025 19,451 8,987 28,438
NET BOOK VALUE
At 31 March 2025 3,802 5,370 9,172
At 31 March 2024 4,883 3,078 7,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 124,098 142,297
Amounts recoverable on contract 4,549 4,261
Other debtors 8,192 10,961
136,839 157,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 23,556 23,556
Trade creditors 6,828 26,160
Taxation and social security 112,743 117,431
Other creditors 33,138 76,832
176,265 243,979

JAMES DE FRIAS LIMITED (REGISTERED NUMBER: 04294051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 28,000 51,749

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 51,556 75,305

The bank loans are partially secured by personal guarantees given by Mr D R Bowden and Mr S R Dethridge.

10. RELATED PARTY DISCLOSURES

Management charges of £117,316 (2024: £105,640) and Dividends of £119,900 (2024: £114,750) was paid to companies under common control of the directors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Bowden Dethridge Limited.