St.James's Furnishing Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00988594

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,417		10,901

			8,417		10,901
CURRENT ASSETS
Stocks	5	8,000		10,000
Debtors	6	21,346		21,619
Cash at bank and in hand		22,059		18,771

		51,405		50,390
Creditors: Amounts Falling Due Within One Year	7	(48,726 )		(52,417 )

NET CURRENT ASSETS (LIABILITIES)			2,679		(2,027 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,096		8,874

NET ASSETS			11,096		8,874

CAPITAL AND RESERVES
Called up share capital			200		200
Profit and Loss Account			10,896		8,674

SHAREHOLDERS' FUNDS			11,096		8,874

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St.James's Furnishing Company Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account.

On behalf of the board

Mr S Ashwood

Director

28 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

St.James's Furnishing Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00988594 . The registered office is C/O McPhersons Walpole Harding, Citibase Brighton, 95 Ditchling Road, Brighton, East Sussex, BN1 4ST.

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 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. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Leasehold	in accordance with the property
Motor Vehicles	25% per year on a reducing balance basis
Fixtures & Fittings	10% per year on a reducing balance basis
Computer Equipment	25% per year on a reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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St.James's Furnishing Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 February 2025	672	34,781	35,453

As at 31 January 2026	672	34,781	35,453

Depreciation
As at 1 February 2025	672	23,880	24,552
Provided during the period	-	2,484	2,484

As at 31 January 2026	672	26,364	27,036

Net Book Value
As at 31 January 2026	-	8,417	8,417

As at 1 February 2025	-	10,901	10,901

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St.James's Furnishing Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Stocks

	2026	2025
	£	£
Stock and work in progress	8,000	10,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	20,414	21,191
Other debtors	932	428

	21,346	21,619

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	18,878	16,416
Other creditors	16,207	20,541
Taxation and social security	13,641	15,460

	48,726	52,417

8. Ultimate Controlling Party

The company's director Mr S Ashwood owns 50% of the issued share capital and runs the company on a day-to-day basis. There is no ultimate controlling party.

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