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REGISTERED NUMBER: 07754363 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

Johnson M & E Group Ltd

Johnson M & E Group Ltd (Registered number: 07754363)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Johnson M & E Group Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTOR: R S Johnson





REGISTERED OFFICE: Chichester Enterprise Centre
Terminus Road
Chichester
PO19 8TX





REGISTERED NUMBER: 07754363 (England and Wales)





ACCOUNTANTS: Rowdens Limited
Chartered Accountants
2 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX

Johnson M & E Group Ltd (Registered number: 07754363)

Abridged Balance Sheet
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,400
Tangible assets 5 15,876 23,510
15,876 25,910

CURRENT ASSETS
Stocks 46,916 11,000
Debtors 114,135 104,961
Cash at bank 14,817 50,826
175,868 166,787
CREDITORS
Amounts falling due within one year 142,802 139,473
NET CURRENT ASSETS 33,066 27,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,942

53,224

CREDITORS
Amounts falling due after more than one
year

38,679

52,895
NET ASSETS 10,263 329

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 10,253 319
10,263 329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

Johnson M & E Group Ltd (Registered number: 07754363)

Abridged Balance Sheet - continued
31 August 2021


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 Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 May 2022 and were signed by:





R S Johnson - Director


Johnson M & E Group Ltd (Registered number: 07754363)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Johnson M & E 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 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
Turnover 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 2012, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Income and Retained Earnings, 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.


Johnson M & E Group Ltd (Registered number: 07754363)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2020 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2020
and 31 August 2021 24,000
AMORTISATION
At 1 September 2020 21,600
Amortisation for year 2,400
At 31 August 2021 24,000
NET BOOK VALUE

At 31 August 2021 -
At 31 August 2020 2,400

Johnson M & E Group Ltd (Registered number: 07754363)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2020 45,773
Additions 1,875
Disposals (8,437 )
At 31 August 2021 39,211
DEPRECIATION
At 1 September 2020 22,263
Charge for year 5,747
Eliminated on disposal (4,675 )
At 31 August 2021 23,335
NET BOOK VALUE
At 31 August 2021 15,876
At 31 August 2020 23,510

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2020
and 31 August 2021 14,490
DEPRECIATION
At 1 September 2020 6,116
Charge for year 2,094
At 31 August 2021 8,210
NET BOOK VALUE
At 31 August 2021 6,280
At 31 August 2020 8,374

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Johnson M & E Group Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Johnson M & E Group Ltd for the year ended 31 August 2021 which comprise the Statement of Income and Retained Earnings, Abridged 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Johnson M & E Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Johnson M & E Group Ltd and state those matters that we have agreed to state to the director of Johnson M & E Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Johnson M & E Group Ltd and its director for our work or for this report.

It is your duty to ensure that Johnson M & E Group Ltd 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 Johnson M & E Group Ltd. You consider that Johnson M & E Group Ltd 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 Johnson M & E Group Ltd. 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.






Rowdens Limited
Chartered Accountants
2 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX


27 May 2022