REGISTERED NUMBER: 03886489 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

George James Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J G Cooper

J Cooper

S A Vaughan

REGISTERED OFFICE:

2 Craigmore

Brampton

Cumbria

CA8 1AZ

REGISTERED NUMBER:

03886489 (England and Wales)

ACCOUNTANTS:

Clements

Chartered Accountants

17 Colquhoun Square

Helensburgh

G84 8AD

FIXED ASSETS

Tangible assets

4

4,260

43,397

CURRENT ASSETS

Debtors

5

133,549

127,336

Cash at bank and in hand

153,776

1,104,766

287,325

1,232,102

CREDITORS

Amounts falling due within one year

6

90,875

168,673

NET CURRENT ASSETS

196,450

1,063,429

TOTAL ASSETS LESS CURRENT LIABILITIES

200,710

1,106,826

PROVISIONS FOR LIABILITIES

809

10,194

NET ASSETS

199,901

1,096,632

CAPITAL AND RESERVES

Called up share capital

15

150

Capital redemption reserve

7

135

-

Retained earnings

7

199,751

1,096,482

SHAREHOLDERS' FUNDS

199,901

1,096,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 23 September 2025 and were signed on its behalf by:

J G Cooper - Director

1.	STATUTORY INFORMATION

George James Ltd. 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 represents net invoiced sales of services, excluding value added tax, which are recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

50% on cost

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits

The company makes contributions to directors' and employees' personal pension schemes. Contributions for the year are charged in the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

20,067

101,586

121,653

Additions

-

4,131

4,131

Disposals

-

(98,184

)

(98,184

)

At 31 December 2024

20,067

7,533

27,600

DEPRECIATION

At 1 January 2024

20,067

58,189

78,256

Charge for year

-

10,547

10,547

Eliminated on disposal

-

(65,463

)

(65,463

)

At 31 December 2024

20,067

3,273

23,340

NET BOOK VALUE

At 31 December 2024

-

4,260

4,260

At 31 December 2023

-

43,397

43,397

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

95,501

94,064

Other debtors

38,048

33,272

133,549

127,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

12,622

42,138

Taxation and social security

29,650

104,211

Other creditors

48,603

22,324

90,875

168,673

7.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

1,096,482

-

1,096,482

Deficit for the year

(49,888

)

(49,888

)

Dividends

(110,800

)

(110,800

)

Purchase of own shares

(736,043

)

135

(735,908

)

At 31 December 2024

199,751

135

199,886

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £89,800 (2023 - £195,000) were paid to the directors .

Dividends of £21,000 (2023 - £4,000) were paid to the children of 1 (2023 - 3) of the directors.