Company Registration No. 07397698 (England and Wales)
JAMES TRACTORS LIMITED
Unaudited accounts
for the year ended 31 May 2022
JAMES TRACTORS LIMITED
Unaudited accounts
Contents
JAMES TRACTORS LIMITED
Company Information
for the year ended 31 May 2022
Directors
Thomas Dilwyn James
Dawn Theresa Mary James
Company Number
07397698 (England and Wales)
Registered Office
108A Lammas Street
Carmarthen
Dyfed
SA31 3AP
Accountants
Pritchard Roberts & Co.
108A
Lammas Street
Carmarthen
Carmarthenshire
SA31 3AP
JAMES TRACTORS LIMITED
Statement of financial position
as at 31 May 2022
Intangible assets
112,000
120,000
Tangible assets
12,098
4,184
Inventories
255,000
250,000
Cash at bank and in hand
1,239,397
1,392,739
Creditors: amounts falling due within one year
(312,468)
(361,209)
Net current assets
1,726,353
1,391,277
Net assets
1,850,451
1,515,461
Called up share capital
200
200
Profit and loss account
1,850,251
1,515,261
Shareholders' funds
1,850,451
1,515,461
For the year ending 31 May 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2022 and were signed on its behalf by
Thomas Dilwyn James
Director
Company Registration No. 07397698
JAMES TRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2022
JAMES TRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07397698. The registered office is 108A Lammas Street, Carmarthen, Dyfed, SA31 3AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on a reducing basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is amortised at the rate of 4.5% per annum.
4
Intangible fixed assets
Goodwill
JAMES TRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2022
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2021
39,363
56,043
95,406
At 31 May 2022
39,363
67,743
107,106
At 1 June 2021
39,362
51,860
91,222
Charge for the year
1
3,785
3,786
At 31 May 2022
39,363
55,645
95,008
At 31 May 2022
-
12,098
12,098
At 31 May 2021
1
4,183
4,184
Amounts falling due within one year
Accrued income and prepayments
494,045
58,638
Other debtors
50,379
51,109
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
3,405
105,261
Taxes and social security
93,610
14,499
Loans from directors
215,398
241,449
8
Average number of employees
During the year the average number of employees was 2 (2021: 4).
