| |
|
2025 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
0 |
|
|
53,051 |
| Current assets |
|
5,486 |
|
|
130,323 |
|
| Creditors: amount falling due within one year |
|
(1,200) |
|
|
(17,683) |
|
|
Net current assets
|
|
|
4,286
|
|
|
112,640
|
|
Total assets less current liabilities
|
|
|
4,286 |
|
|
165,691 |
| Provisions for liabilities |
|
|
0 |
|
|
(424) |
|
Net assets
|
|
|
4,286 |
|
|
165,267 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
4,286 |
|
|
165,267 |
| |
NOTES TO THE ACCOUNTS
General Information
James MC Limited is a private company, limited by shares, registered in England and Wales, registration number 05382347, registration address 106 Sandy Lane, Skelmersdale, Lancashire, WN8 8LQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
15% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2025 |
47,329 |
|
51,267 |
|
23,912 |
|
122,508 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
(47,329) |
|
(51,267) |
|
(23,912) |
|
(122,508) |
| At 31 December 2025 |
- |
|
- |
|
- |
|
- |
| Depreciation |
| At 01 April 2025 |
- |
|
47,316 |
|
22,141 |
|
69,457 |
| Charge for period |
- |
|
- |
|
- |
|
- |
| On disposals |
- |
|
(47,316) |
|
(22,141) |
|
(69,457) |
| At 31 December 2025 |
- |
|
- |
|
- |
|
- |
| Net book values |
| Closing balance as at 31 December 2025 |
- |
|
- |
|
- |
|
- |
| Opening balance as at 01 April 2025 |
47,329 |
|
3,951 |
|
1,771 |
|
53,051 |
|
| 3. |
Average number of employees
Average number of employees during the period was 8 (2025 : 14).
|
|
Directors Loan Account
At 31st December 2025 the Directors Loan Account of £3,498 (2025 £19,761) is unsecured, repayable on demand and currently interest free. During the period the director incurred the following transactions:
| Directors Loan Account |
|
Balance b/fwd
£ |
|
Advances
£ |
|
Credit
£ |
|
Balance c/fwd
£ |
| Director |
|
19,761 |
|
14,342 |
|
(30,605) |
|
3,498 |
|
| 5. |
Break up basis
The company ceased trading on 31 December 2025. These accounts have therefore been prepared on a break up basis.
|
For the period ended 31 December 2025 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 accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 10 March 2026 and were signed on its behalf by: --------------------------------
J C McCormick
Director |
1
|