P. James and Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00755443

P. James and Company Limited

Filleted Unaudited Financial Statements

31 December 2025

P. James and Company Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,387	3,691

Current assets

Debtors	6	–	214
Cash at bank and in hand		32,077	31,687
		--------	--------
		32,077	31,901

Creditors: amounts falling due within one year	7	18,229		19,524
		--------		--------
Net current assets			13,848	12,377
			--------	--------
Total assets less current liabilities			16,235	16,068
			--------	--------
Net assets			16,235	16,068
			--------	--------

Capital and reserves

Called up share capital	150	150
Profit and loss account	16,085	15,918
	--------	--------
Shareholders funds	16,235	16,068
	--------	--------

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 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , 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 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86 Leverton Street, London, NW5 2NY.

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 (2024: 2 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	64,875	6,850	13,228	84,953
Disposals	–	( 6,850)	–	( 6,850)
	--------	-------	--------	--------
At 31 December 2025	64,875	–	13,228	78,103
	--------	-------	--------	--------
Depreciation
At 1 January 2025	63,559	6,165	11,538	81,262
Charge for the year	197	171	422	790
Disposals	–	( 6,336)	–	( 6,336)
	--------	-------	--------	--------
At 31 December 2025	63,756	–	11,960	75,716
	--------	-------	--------	--------
Carrying amount
At 31 December 2025	1,119	–	1,268	2,387
	--------	-------	--------	--------
At 31 December 2024	1,316	685	1,690	3,691
	--------	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	–	214
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	12,261	12,423
Social security and other taxes	800	800
Other creditors	5,168	6,301
	--------	--------
	18,229	19,524
	--------	--------