Thomas James Accessories Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06390526 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st October 2013

for

Thomas James Accessories Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

T James

SECRETARY:

V James

REGISTERED OFFICE:

Unit F32A, Parkhall Business Centre

40 Martell Road

London

SE21 8EN

REGISTERED NUMBER:

06390526 (England and Wales)

ACCOUNTANTS:

Chariot House Ltd

Chartered Accountants

Gunpowder House

66/68 Great Suffolk St

London

SE1 0BL

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Thomas James Accessories Limited for the year ended 31st October 2013 which comprise the

Profit and Loss Account, the Balance Sheet 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 icaew.com/membershandbook.

This report is made solely to the director of Thomas James Accessories Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas

James Accessories Limited and state those matters that we have agreed to state to the director of Thomas James

Accessories Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for

our work or for this report.

It is your duty to ensure that Thomas James Accessories Limited 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

Thomas James Accessories Limited. You consider that Thomas James Accessories Limited 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 Thomas James Accessories

Limited. 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.

Chariot House Ltd

Chartered Accountants

Gunpowder House

66/68 Great Suffolk St

London

SE1 0BL

29th July 2014

FIXED ASSETS

Tangible assets

2

3,922

3,503

CURRENT ASSETS

Debtors

31,335

64,610

Cash at bank

28,018

60

59,353

64,670

CREDITORS

Amounts falling due within one year

(60,648

)

(67,867

)

NET CURRENT LIABILITIES

(1,295

)

(3,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,627

306

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

2,626

305

SHAREHOLDERS' FUNDS

2,627

306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29th July 2014 and were signed by:

T James - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2012

6,738

Additions

2,451

At 31st October 2013

9,189

DEPRECIATION

At 1st November 2012

3,235

Charge for year

2,032

At 31st October 2013

5,267

NET BOOK VALUE

At 31st October 2013

3,922

At 31st October 2012

3,503

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1.00

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2013 and

31st October 2012:

2013

2012

£

£

T James

Balance outstanding at start of year

40,226

7,000

Amounts advanced

34,928

40,226

Amounts repaid

(53,814

)

(7,000

)

Balance outstanding at end of year

21,340

40,226

The total amount outstanding is due for repayment within 9 months of the year end.

Interest is charged at 4% and the loan is repayable on demand.