| Thomas S James Limited |
| Financial statements for the year ended 31 March 2025 |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of Thomas S James Limited for the year ended 31 March 2025 |
|
| In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of Thomas S James Limited for the year ended 31 March 2025, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Thomas S James Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas S James Limited and state those matters that we have agreed to state to the Board of Directors of Thomas S James Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thomas S James Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Thomas S James Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Thomas S James Limited. You consider that Thomas S James Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Thomas S James Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. |
|
| Cavendish Bond |
| Chartered Accountants |
| Bentinck House |
| 3 - 8 Bolsover Street |
| London |
| W1W 6AB |
|
| 24 December 2025 |
|
| Thomas S James Limited |
| Financial statements for the year ended 31 March 2025 |
|
| Balance Sheet |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
34,033 |
|
|
41,302 |
| Investments |
4 |
|
|
1 |
|
|
1 |
|
|
|
|
34,034 |
|
|
41,303 |
|
| Current assets |
| Stocks |
|
|
119,836 |
|
|
166,184 |
| Debtors |
5 |
|
443,121 |
|
|
710,906 |
| Cash at bank and in hand |
|
|
33,193 |
|
|
33,891 |
|
|
|
596,150 |
|
|
910,981 |
|
| Creditors: amounts falling due within one year |
6 |
|
(89,208) |
|
|
(93,522) |
|
| Net current assets |
|
|
|
506,942 |
|
|
817,459 |
|
| Total assets less current liabilities |
|
|
|
540,976 |
|
|
858,762 |
|
|
| Provisions for liabilities |
|
|
|
(8,509) |
|
|
(10,325) |
|
|
| Net assets |
|
|
|
532,467 |
|
|
848,437 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
532,466 |
|
|
848,436 |
|
| Shareholder's funds |
|
|
|
532,467 |
|
|
848,437 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies. |
| These financial statements were approved by the board on 24 December 2025 and are signed on its behalf by |
|
|
|
| Luke McManus |
| Director |
|
| Company registration number 11507479 |
|
| Thomas S James Limited |
| Financial statements for the year ended 31 March 2025 |
|
| Notes to the Financial Statements |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime. |
|
|
Consolidation |
|
The company has taken advantage of the exemption afforded by section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that the company and its subsidiary comprise a small group. These financial statements therefore present information about the company only and not its group. |
|
|
Turnover |
|
Turnover is recognised when the risks and rewards of ownership pass to the customer and is measured at the fair value of the consideration received or receivable, net of value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
over 3 years |
|
Motor vehicles |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries are measured at cost less any accumulated impairment losses. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses. |
|
|
Creditors |
|
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Financial instruments |
|
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument those financial instruments are classified as financial liabilities and are presented as such in the balance sheet. Where the contractual terms of financial instruments do not meet the definition of a financial liability those financial instruments are classified as equity instruments. Dividends and other distributions relating to equity instruments are debited direct to equity. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Computer equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
554 |
|
57,620 |
|
58,174 |
|
Additions |
1,333 |
|
- |
|
1,333 |
|
At 31 March 2025 |
1,887 |
|
57,620 |
|
59,507 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
554 |
|
16,318 |
|
16,872 |
|
Charge for the year |
444 |
|
8,158 |
|
8,602 |
|
At 31 March 2025 |
998 |
|
24,476 |
|
25,474 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
889 |
|
33,144 |
|
34,033 |
|
At 31 March 2024 |
- |
|
41,302 |
|
41,302 |
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2024 |
1 |
|
|
At 31 March 2025 |
1 |
|
|
|
|
|
|
|
|
|
|
The company owns the entire issued share capital of SE2 Capital Limited, a company incorporated in England. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
310,241 |
|
310,637 |
|
Other debtors |
132,880 |
|
400,269 |
|
|
|
|
|
|
443,121 |
|
710,906 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
4,640 |
|
5,546 |
|
Amounts owed to group undertakings |
|
47,076 |
|
45,900 |
|
Taxes and social security costs |
18,032 |
|
22,826 |
|
Other creditors |
19,460 |
|
19,250 |
|
|
|
|
|
|
89,208 |
|
93,522 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
At the balance sheet date the company's director owed the company £77,274 (2024: £110,420). |
|
|
| 8 |
Other information |
|
|
Thomas S James Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
C/O Cavendish Bond |
|
Bentinck House |
|
3 - 8 Bolsover Street |
|
London |
|
W1W 6AB |