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REGISTERED NUMBER: 05406542 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Johnson & Swarbrick Goosnargh Limited

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Johnson & Swarbrick Goosnargh Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr T Swarbrick
Miss K M Johnson
Mr A G Swarbrick





REGISTERED OFFICE: Swainson House Farm
Goosnargh Lane
Goosnargh
Preston
Lancashire
PR3 2JU





REGISTERED NUMBER: 05406542 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,272 265,841

CURRENT ASSETS
Stocks 10,000 20,000
Debtors 5 85,394 129,286
95,394 149,286
CREDITORS
Amounts falling due within one year 6 223,443 212,595
NET CURRENT LIABILITIES (128,049 ) (63,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,223

202,532

CREDITORS
Amounts falling due after more than one
year

7

(255,233

)

(337,596

)

PROVISIONS FOR LIABILITIES (273 ) (719 )
NET LIABILITIES (120,283 ) (135,783 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (121,283 ) (136,783 )
SHAREHOLDERS' FUNDS (120,283 ) (135,783 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Statement of Financial Position - continued
31 March 2023


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

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 Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr T Swarbrick - Director


Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Johnson & Swarbrick Goosnargh 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
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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2022
and 31 March 2023 74,802 187,031 481,271
DEPRECIATION
At 1 April 2022 - - 479,578
Charge for year - - 254
At 31 March 2023 - - 479,832
NET BOOK VALUE
At 31 March 2023 74,802 187,031 1,439
At 31 March 2022 74,802 187,031 1,693

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 21,665 62,374 11,741 838,884
DEPRECIATION
At 1 April 2022 20,560 61,164 11,741 573,043
Charge for year 1,105 1,210 - 2,569
At 31 March 2023 21,665 62,374 11,741 575,612
NET BOOK VALUE
At 31 March 2023 - - - 263,272
At 31 March 2022 1,105 1,210 - 265,841

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 77,108 98,484
Other debtors - 30,300
Directors' loan accounts 7,923 -
Prepayments 363 502
85,394 129,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 156,398 124,039
Trade creditors 30,198 76,979
Social security and other taxes 1,034 1,216
VAT 830 4,494
Other creditors 10,000 2,014
Directors' loan accounts - 1,178
Accrued expenses 24,983 2,675
223,443 212,595

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 75,383 51,310
Bank loans - 2-5 years 179,850 113,015
Bank loans more 5 yr by instal - 173,271
255,233 337,596

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 173,271

Johnson & Swarbrick Goosnargh Limited (Registered number: 05406542)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 81,015 72,729
Bank loans 330,616 388,906
411,631 461,635

HSBC Bank PLC have a charge registered in respect of monies loaned to the company in the form of a debenture secured against all monies due to or become due from the company to the charge on any account whatsoever.

There is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from HSBC Bank PLC in the year.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr T Swarbrick
Balance outstanding at start of year (1,178 ) 7,710
Amounts advanced 9,101 -
Amounts repaid - (8,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,923 (1,178 )