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Registered number: 09064377
R James & Son Builders Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Balme Kitchen & Pearce
25 Lemon Street
Truro
Cornwall
TR1 2LS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09064377
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 351,919 342,684
351,919 342,684
CURRENT ASSETS
Debtors 5 3,539 28,112
Cash at bank and in hand 321,704 65,508
325,243 93,620
Creditors: Amounts Falling Due Within One Year 6 (655,691 ) (384,666 )
NET CURRENT ASSETS (LIABILITIES) (330,448 ) (291,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,471 51,638
Creditors: Amounts Falling Due After More Than One Year 7 (123,525 ) (123,525 )
NET LIABILITIES (102,054 ) (71,887 )
CAPITAL AND RESERVES
Called up share capital 8 50 50
Income Statement (102,104 ) (71,937 )
SHAREHOLDERS' FUNDS (102,054) (71,887)
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Richard James
Director
12 January 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R James & Son Builders Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09064377 . The registered office is 25 Lemon Street, Truro, Cornwall, TR1 2LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2024 337,512 9,354 8,495 355,361
Additions - 1,396 16,304 17,700
Disposals - - (5,570 ) (5,570 )
As at 31 May 2025 337,512 10,750 19,229 367,491
Depreciation
As at 1 June 2024 - 5,094 7,583 12,677
Provided during the period - 566 2,329 2,895
As at 31 May 2025 - 5,660 9,912 15,572
Net Book Value
As at 31 May 2025 337,512 5,090 9,317 351,919
As at 1 June 2024 337,512 4,260 912 342,684
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,539 25,969
VAT - 2,143
3,539 28,112
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 2,503 5,001
VAT 9,768 -
Accruals and deferred income 2,600 2,100
Director's loan account 640,820 377,565
655,691 384,666
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 123,525 123,525
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50 50
Page 5