James, Stanley & Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07453182 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

James, Stanley & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A E S James

M A James

SECRETARY:

Mrs J W Garnett

REGISTERED OFFICE:

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

REGISTERED NUMBER:

07453182 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Intangible assets

5

-

Property, plant and equipment

6

13,225

8,626

13,225

8,626

CURRENT ASSETS

Inventories

7

8,684

14,630

Debtors

8

134,755

186,602

Cash at bank and in hand

140,002

111,017

283,441

312,249

CREDITORS

Amounts falling due within one year

9

176,436

217,238

NET CURRENT ASSETS

107,005

95,011

TOTAL ASSETS LESS CURRENT
LIABILITIES

120,230

103,637

PROVISIONS FOR LIABILITIES

3,162

1,981

NET ASSETS

117,068

101,656

CAPITAL AND RESERVES

Called up share capital

11

1,000

Retained earnings

116,068

100,656

SHAREHOLDERS' FUNDS

117,068

101,656

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 26 September 2025 and were signed on its behalf by:

M A James - Director

1.	STATUTORY INFORMATION

James, Stanley & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

5% on cost

Computer equipment

-

20% 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.

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.

Inventories

Work in progress is valued at the lower of cost and net realisable value.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

274,265

AMORTISATION

At 1 January 2024

and 31 December 2024

274,265

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

3,974

30,669

34,643

Additions

276

7,432

7,708

Disposals

(126

)

-

(126

)

At 31 December 2024

4,124

38,101

42,225

DEPRECIATION

At 1 January 2024

978

25,039

26,017

Charge for year

200

2,824

3,024

Eliminated on disposal

(41

)

-

(41

)

At 31 December 2024

1,137

27,863

29,000

NET BOOK VALUE

At 31 December 2024

2,987

10,238

13,225

At 31 December 2023

2,996

5,630

8,626

7.	INVENTORIES

31.12.24

31.12.23

£

Work-in-progress

8,684

14,630

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

128,618

174,721

Other debtors

917

-

Prepayments and accrued income

5,220

11,881

134,755

186,602

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

49,157

57,000

Tax

13,610

9,364

Social security and other taxes

46,707

58,335

Other creditors

956

827

Directors' current accounts

3,770

4,845

Accruals and deferred income

62,236

86,867

176,436

217,238

10.	LEASING AGREEMENTS

Total future payments under non-cancellable operating leases is £49,678 (2023 - £70,534).

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

970

Ordinary

£1

970

10

A Ordinary

£1

10

B Ordinary

£1

10

C Ordinary

£1

10

1,000

12.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

Contracted but not provided for in the

financial statements

-

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

M A James

Balance outstanding at start of year

-

Amounts advanced

917

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

917

-

The directors' loan account is unsecured and interest free with no specific repayment terms.

14.	RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.