James Technical Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04179736

James Technical Services Ltd

Filleted Unaudited Financial Statements

31 March 2026

James Technical Services Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of James Technical Services Ltd

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Technical Services Ltd for the year ended 31 March 2026, which comprise the statement of financial position 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of James Technical Services Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of James Technical Services Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Technical Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that James Technical Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of James Technical Services Ltd. You consider that James Technical Services Ltd 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 James Technical Services Ltd. 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 statutory financial statements.

PAUL PHILLIS & CO LIMITED Chartered accountants

11a Corelli Street Newport South Wales NP19 7AR

11 September 2026

James Technical Services Ltd

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	66,657	77,877

Current assets

Stocks		57,041	218,884
Debtors	6	162,054	382,424
Cash at bank and in hand		259,494	207,802
		---------	---------
		478,589	809,110

Creditors: amounts falling due within one year	7	150,866	407,311
		---------	---------
Net current assets		327,723	401,799
		---------	---------
Total assets less current liabilities		394,380	479,676

Creditors: amounts falling due after more than one year	8	4,335	10,270

Provisions	9,260	8,236
	---------	---------
Net assets	380,785	461,170
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	380,685	461,070
	---------	---------
Shareholders funds	380,785	461,170
	---------	---------

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 comprehensive income has not been delivered.

For the year ending 31 March 2026 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 .

James Technical Services Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

Mrs G.R. Byrne	Mr R.J. Lewis
Director	Director

Company registration number: 04179736

James Technical Services Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11A Corelli Street, Newport, South Wales, NP19 7AR.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Long leasehold property	-	5% straight line
Plant and machinery	-	10% reducing balance
Office Equipment	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 10 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	23,687	21,907	8,617	57,845	112,056
Additions	–	231	4,857	–	5,088
Disposals	–	( 350)	–	–	( 350)
	--------	--------	--------	--------	---------
At 31 March 2026	23,687	21,788	13,474	57,845	116,794
	--------	--------	--------	--------	---------
Depreciation
At 1 April 2025	4,737	4,515	3,437	21,490	34,179
Charge for the year	3,790	1,744	1,506	9,089	16,129
Disposals	–	( 171)	–	–	( 171)
	--------	--------	--------	--------	---------
At 31 March 2026	8,527	6,088	4,943	30,579	50,137
	--------	--------	--------	--------	---------
Carrying amount
At 31 March 2026	15,160	15,700	8,531	27,266	66,657
	--------	--------	--------	--------	---------
At 31 March 2025	18,950	17,392	5,180	36,355	77,877
	--------	--------	--------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2026	12,347
	--------
At 31 March 2025	16,463
	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	153,524	211,975
Other debtors	8,530	170,449
	---------	---------
	162,054	382,424
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	5,377	3,078
Trade creditors	19,871	79,275
Corporation tax	41,023	13,739
Social security and other taxes	16,490	–
Other creditors	68,105	311,219
	---------	---------
	150,866	407,311
	---------	---------

Other creditors include amounts owed in respect of hire purchase contracts totalling £5,935 (2025 - £5,318). This debt is secured by the related asset included within motor vehicles.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	4,335	10,270
	-------	--------

Other creditors include amounts owed in respect of hire purchase contracts totalling £4,335 (2025 - £10,270). This debt is secured by the related asset included within motor vehicles.

There is no amount included within creditors that is due for repayment more than five years after the end of the financial period.

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr G.O. James	–	–	–
Mrs S.C. James	–	–	–
	----	----	----
	–	–	–
	----	----	----

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr G.O. James	( 7,280)	7,280	–
Mrs S.C. James	( 7,280)	7,280	–
	--------	--------	----
	( 14,560)	14,560	–
	--------	--------	----

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value
	2026	2025
	£	£
Mr G. James & Mrs S. James	21,600	21,600
James Technical Services Employee Trustee Limited	196,250	683,704
	---------	---------

The company paid rent to Mr G. James & Mrs S. James for use of the commercial premises from which the company trades. The rent was paid on normal commercial terms. The entire share capital of the company was purchased by James Technical Services Employee Trustee Limited on 25th April 2024. The company contributed £196,250 (2025 - £683,704) to James Technical Services Employee Trustee Limited to finance the purchase including the associated purchase costs.