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COMPANY REGISTRATION NUMBER: 00755443

P. James and Company Limited

Filleted Unaudited Financial Statements

31 December 2024

P. James and Company Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 3,691 | 4,716

Current assets

Debtors | 6 | 214 |  | 4,982
Cash at bank and in hand | 31,687 |  | 14,006
| -------- |  | --------
| 31,901 |  | 18,988

Creditors: amounts falling due within one year | 7 | 19,524 |  | 30,546
| -------- |  | --------
Net current assets/(liabilities) |  | 12,377 | ( 11,558)
|  | -------- | --------
Total assets less current liabilities |  | 16,068 | ( 6,842)
|  | -------- | -------
Net assets/(liabilities) |  | 16,068 | ( 6,842)
|  | -------- | -------

Capital and reserves

Called up share capital |  | 150 | 150
Profit and loss account |  | 15,918 | ( 6,992)
|  | -------- | -------
Shareholders funds/(deficit) |  | 16,068 | ( 6,842)
|  | -------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

P. James and Company Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

Miss F Brown
Director

Company registration number: 00755443

P. James and Company Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brookfield House, Wotton End, Ludgershall, Aylesbury, Bucks, HP18 9NT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and Fittings | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 25% reducing balance

4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets

| Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2024 and 31 December 2024 | 64,875 | 6,850 | 13,228 | 84,953
| -------- | ------- | -------- | --------
Depreciation |  |  |  |
At 1 January 2024 | 63,327 | 5,936 | 10,974 | 80,237
Charge for the year | 232 | 229 | 564 | 1,025
| -------- | ------- | -------- | --------
At 31 December 2024 | 63,559 | 6,165 | 11,538 | 81,262
| -------- | ------- | -------- | --------
Carrying amount |  |  |  |
At 31 December 2024 | 1,316 | 685 | 1,690 | 3,691
| -------- | ------- | -------- | --------
At 31 December 2023 | 1,548 | 914 | 2,254 | 4,716
| -------- | ------- | -------- | --------

6. Debtors

| 2024 | 2023
| £ | £
Other debtors | 214 | 4,982
| ---- | -------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Corporation tax | 12,423 | –
Social security and other taxes | 800 | 800
Other creditors | 6,301 | 29,746
| -------- | --------
| 19,524 | 30,546
| -------- | --------