Company Registration No. 07397698 (England and Wales)
JAMES TRACTORS LIMITED
Unaudited accounts
for the year ended 31 May 2019
JAMES TRACTORS LIMITED
Unaudited accounts
Contents
JAMES TRACTORS LIMITED
Company Information
for the year ended 31 May 2019
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 2019
Intangible assets
136,000
144,000
Tangible assets
8,325
16,369
Inventories
325,399
514,533
Cash at bank and in hand
857,069
740,693
Creditors: amounts falling due within one year
(228,906)
(220,348)
Net current assets
1,312,066
1,123,264
Net assets
1,456,391
1,283,633
Called up share capital
200
200
Profit and loss account
1,456,191
1,283,433
Shareholders' funds
1,456,391
1,283,633
For the year ending 31 May 2019 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.
Approved by the Board on 17 September 2019.
Dawn Theresa Mary James
Director
Company Registration No. 07397698
JAMES TRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2019
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:
Plant & machinery
15% on a straight line basis
Motor vehicles
33.33% 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% per annum.
4
Intangible fixed assets
Goodwill
Charge for the year
8,000
JAMES TRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2019
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2018
39,363
56,043
95,406
At 31 May 2019
39,363
56,043
95,406
At 1 June 2018
35,480
43,557
79,037
Charge for the year
3,882
4,162
8,044
At 31 May 2019
39,362
47,719
87,081
At 31 May 2019
1
8,324
8,325
At 31 May 2018
3,883
12,486
16,369
Work in progress
180,509
369,533
Finished goods
144,890
145,000
Trade debtors
350,188
77,128
Other debtors
8,316
11,258
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
9,600
20,566
Taxes and social security
43,349
3,535
Loans from directors
175,957
194,747
9
Average number of employees
During the year the average number of employees was 4 (2018: 3).