David James Estate Agents Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08439910 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

David James Estate Agents Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Roys

D J Radford

Mrs R J Roys

REGISTERED OFFICE:

45B Plains Road

Mapperley

Nottingham

Nottinghamshire

NG3 5JU

REGISTERED NUMBER:

08439910 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

283,330

339,997

Property, plant and equipment

5

369,573

294,181

652,903

634,178

CURRENT ASSETS

Debtors

32,021

30,663

Prepayments and accrued income

9,326

9,824

Cash at bank and in hand

273,705

375,086

315,052

415,573

CREDITORS

Amounts falling due within one year

92,459

163,051

NET CURRENT ASSETS

222,593

252,522

TOTAL ASSETS LESS CURRENT LIABILITIES

875,496

886,700

CREDITORS

Amounts falling due after more than one year

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES

(22,200

)

-

ACCRUALS AND DEFERRED INCOME

(2,350

)

(3,093

)

NET ASSETS

830,113

852,774

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

830,013

852,674

SHAREHOLDERS' FUNDS

830,113

852,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2023 and were signed on its behalf by:

D J Radford - Director

J Roys - Director

1.	STATUTORY INFORMATION

David James Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% of cost or valuation

Office equipment

-

25% on cost

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

and 30 April 2023

850,000

AMORTISATION

At 1 May 2022

510,003

Amortisation for year

56,667

At 30 April 2023

566,670

NET BOOK VALUE

At 30 April 2023

283,330

At 30 April 2022

339,997

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 May 2022

312,254

Additions

106,994

At 30 April 2023

419,248

DEPRECIATION

At 1 May 2022

18,073

Charge for year

31,602

At 30 April 2023

49,675

NET BOOK VALUE

At 30 April 2023

369,573

At 30 April 2022

294,181

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

7.	CAPITAL COMMITMENTS

2023

2022

£

£

Contracted but not provided for in the

financial statements

28,767

71,632