IRIS Accounts Production v25.1.3.33 05426951 director 1.5.24 30.4.25 30.4.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054269512024-04-30054269512025-04-30054269512024-05-012025-04-30054269512023-04-30054269512023-05-012024-04-30054269512024-04-3005426951ns15:EnglandWales2024-05-012025-04-3005426951ns14:PoundSterling2024-05-012025-04-3005426951ns10:Director12024-05-012025-04-3005426951ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3005426951ns10:SmallEntities2024-05-012025-04-3005426951ns10:AuditExempt-NoAccountantsReport2024-05-012025-04-3005426951ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012025-04-3005426951ns10:SmallCompaniesRegimeForAccounts2024-05-012025-04-3005426951ns10:FullAccounts2024-05-012025-04-3005426951ns10:CompanySecretary12024-05-012025-04-3005426951ns10:RegisteredOffice2024-05-012025-04-3005426951ns5:CurrentFinancialInstruments2025-04-3005426951ns5:CurrentFinancialInstruments2024-04-3005426951ns5:ShareCapital2025-04-3005426951ns5:ShareCapital2024-04-3005426951ns5:RetainedEarningsAccumulatedLosses2025-04-3005426951ns5:RetainedEarningsAccumulatedLosses2024-04-3005426951ns5:PlantMachinery2024-05-012025-04-3005426951ns5:PlantMachinery2024-04-3005426951ns5:MotorVehicles2024-04-3005426951ns5:ComputerEquipment2024-04-3005426951ns5:MotorVehicles2024-05-012025-04-3005426951ns5:ComputerEquipment2024-05-012025-04-3005426951ns5:PlantMachinery2025-04-3005426951ns5:MotorVehicles2025-04-3005426951ns5:ComputerEquipment2025-04-3005426951ns5:PlantMachinery2024-04-3005426951ns5:MotorVehicles2024-04-3005426951ns5:ComputerEquipment2024-04-3005426951ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3005426951ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30
REGISTERED NUMBER: 05426951 (England and Wales)















PETER M JAMES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025






PETER M JAMES LIMITED (REGISTERED NUMBER: 05426951)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER M JAMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2025







DIRECTOR: Mr P M James





SECRETARY: Mrs E E James





REGISTERED OFFICE: Delfryn
Penparc
CARDIGAN
Ceredigion
SA43 1RE





REGISTERED NUMBER: 05426951 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

PETER M JAMES LIMITED (REGISTERED NUMBER: 05426951)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,851 4,211

CURRENT ASSETS
Stocks 500 4,716
Debtors 5 10,214 1,163
Cash at bank 27,121 27,229
37,835 33,108
CREDITORS
Amounts falling due within one year 6 11,531 9,687
NET CURRENT ASSETS 26,304 23,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,155

27,632

PROVISIONS FOR LIABILITIES 966 762
NET ASSETS 29,189 26,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,089 26,770
SHAREHOLDERS' FUNDS 29,189 26,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PETER M JAMES LIMITED (REGISTERED NUMBER: 05426951)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 23 July 2025 and were signed by:





Mr P M James - Director


PETER M JAMES LIMITED (REGISTERED NUMBER: 05426951)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2025


1. STATUTORY INFORMATION

Peter M James 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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

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.

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
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.

PETER M JAMES LIMITED (REGISTERED NUMBER: 05426951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 18,156 15,400 1,680 35,236
Additions - - 489 489
At 30 April 2025 18,156 15,400 2,169 35,725
DEPRECIATION
At 1 May 2024 14,899 14,891 1,235 31,025
Charge for year 488 128 233 849
At 30 April 2025 15,387 15,019 1,468 31,874
NET BOOK VALUE
At 30 April 2025 2,769 381 701 3,851
At 30 April 2024 3,257 509 445 4,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 10,214 1,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 421 -
Trade creditors 2,304 2,848
Taxation and social security 4,451 1,997
Other creditors 4,355 4,842
11,531 9,687