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Company Registration No. 13007402 (England and Wales)
WALTERS JAMES LTD Unaudited accounts for the year ended 30 November 2024
WALTERS JAMES LTD Unaudited accounts Contents
Page
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WALTERS JAMES LTD Company Information for the year ended 30 November 2024
Directors
Lee Walters Mitchell James
Company Number
13007402 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE OXLEASOW ROAD REDDITCH B98 0RE ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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WALTERS JAMES LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,748 
36,867 
Current assets
Debtors
32,191 
50,756 
Cash at bank and in hand
66,591 
18,645 
98,782 
69,401 
Creditors: amounts falling due within one year
(80,571)
(38,578)
Net current assets
18,211 
30,823 
Total assets less current liabilities
45,959 
67,690 
Creditors: amounts falling due after more than one year
(27,870)
(30,651)
Net assets
18,089 
37,039 
Capital and reserves
Profit and loss account
18,089 
37,039 
Shareholders' funds
18,089 
37,039 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
Lee Walters Director Company Registration No. 13007402
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WALTERS JAMES LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
WALTERS JAMES LTD is a private company, limited by shares, registered in England and Wales, registration number 13007402. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, B98 0RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The directors have indicated their support will continue for the foreseeable future.
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WALTERS JAMES LTD Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
10,229 
37,720 
644 
48,593 
Additions
665 
- 
- 
665 
At 30 November 2024
10,894 
37,720 
644 
49,258 
Depreciation
At 1 December 2023
2,608 
9,004 
114 
11,726 
Charge for the year
2,133 
7,544 
107 
9,784 
At 30 November 2024
4,741 
16,548 
221 
21,510 
Net book value
At 30 November 2024
6,153 
21,172 
423 
27,748 
At 30 November 2023
7,621 
28,716 
530 
36,867 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
15,236 
Trade debtors
24,978 
- 
Other debtors
7,213 
- 
32,191 
15,236 
Amounts falling due after more than one year
Trade debtors
- 
27,644 
Accrued income and prepayments
- 
180 
Other debtors
- 
7,696 
- 
35,520 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,550 
- 
Trade creditors
10,116 
4,598 
Taxes and social security
54,251 
18,004 
Proposed dividends
- 
8,000 
Other creditors
7,901 
7,876 
Loans from directors
(247)
- 
Accruals
- 
100 
80,571 
38,578 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
27,870 
30,651 
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WALTERS JAMES LTD Notes to the Accounts for the year ended 30 November 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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