REGISTERED NUMBER: 07084820 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Chris James Group Ltd

Trading as

Chris James Construction / Accommodation

and Homes

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J O'Connell

D O'Connell

P Walker

Ms E Thomas

REGISTERED OFFICE:

Elmstone Court

Upper Minety

Malmesbury

Wiltshire

SN16 9PR

REGISTERED NUMBER:

07084820 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

23,138

31,483

Investments

5

3,000

1,600

26,138

33,083

CURRENT ASSETS

Stocks

364,019

-

Debtors

6

1,318,098

797,014

Cash at bank and in hand

22,438

38,900

1,704,555

835,914

CREDITORS

Amounts falling due within one year

7

1,103,760

392,558

NET CURRENT ASSETS

600,795

443,356

TOTAL ASSETS LESS CURRENT LIABILITIES

626,933

476,439

CREDITORS

Amounts falling due after more than one year

8

(148,236

)

(140,000

)

PROVISIONS FOR LIABILITIES

(4,473

)

(6,297

)

NET ASSETS

474,224

330,142

CAPITAL AND RESERVES

Called up share capital

10,300

10,100

Retained earnings

463,924

320,042

SHAREHOLDERS' FUNDS

474,224

330,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 February 2018 and were signed on its behalf by:

C J O'Connell - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank

loans and loans to or from other group companies are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2016

18,651

6,728

10,995

17,401

53,775

Additions

-

1,432

-

3,754

5,186

At 30 November 2017

18,651

8,160

10,995

21,155

58,961

DEPRECIATION

At 1 December 2016

9,325

1,682

2,749

8,536

22,292

Charge for year

4,663

1,917

2,749

4,202

13,531

At 30 November 2017

13,988

3,599

5,498

12,738

35,823

NET BOOK VALUE

At 30 November 2017

4,663

4,561

5,497

8,417

23,138

At 30 November 2016

9,326

5,046

8,246

8,865

31,483

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2016

1,600

Additions

1,400

At 30 November 2017

3,000

NET BOOK VALUE

At 30 November 2017

3,000

At 30 November 2016

1,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

480,560

620,829

Amounts owed by group undertakings

472,672

144,660

Amounts owed by associates

336,058

-

Deposits paid

5,035

-

Rent Deposit

13,578

10,060

Other debtors

7,255

-

VAT

1,823

21,465

Prepayments

1,117

-

1,318,098

797,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

296,676

-

LKL loan < 1 year

100,000

-

Trade creditors

322,581

161,896

Amex Charge Card

-

14,985

Credit Card

2,485

4,100

Tax

120,754

74,672

Social security and other taxes

80,647

38,353

CT61 tax payable

3,600

-

Rent received in advance

4,768

36,475

Net Wages Control

1,402

5,153

Pensions payable

332

-

Directors' current accounts

153,417

36,230

Accrued expenses

17,098

20,694

1,103,760

392,558

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Spotcap loan - 1-2 years

18,876

-

Crowd to Fund loan 1 - 2 years

67,626

-

Crowd to Fund loan 2 - 5 years

61,734

-

Directors' loan accounts

-

140,000

148,236

140,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date £153,417 (2016 £172,230) was owed jointly to Mr C J O'Connell and Mr J M Slattery

by the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the director, Mr C J O'Connell who is also the shareholder with

effective control over the entire issued share capital of the company.