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REGISTERED NUMBER: 06396462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

FOR

G&P JOHNSON LIMITED

G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G&P JOHNSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTORS: G Johnson
Mrs P Johnson





SECRETARY: Mrs P Johnson





REGISTERED OFFICE: Classic House
Morrison Road Industrial Estate
Stanley
Co. Durham
DH9 7RX





REGISTERED NUMBER: 06396462 (England and Wales)





ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

BALANCE SHEET
31 AUGUST 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 310 1,690
Tangible assets 5 263,315 320,909
263,625 322,599

CURRENT ASSETS
Debtors 6 130,398 117,513
Cash at bank 22,293 10,994
152,691 128,507
CREDITORS
Amounts falling due within one year 7 220,093 192,588
NET CURRENT LIABILITIES (67,402 ) (64,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,223

258,518

CREDITORS
Amounts falling due after more than
one year

8

(74,498

)

(161,793

)

PROVISIONS FOR LIABILITIES (46,687 ) (46,687 )
NET ASSETS 75,038 50,038

G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

BALANCE SHEET - continued
31 AUGUST 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 74,038 49,038
SHAREHOLDERS' FUNDS 75,038 50,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 October 2023 and were signed on its behalf by:




G Johnson - Director



Mrs P Johnson - Director


G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022


1. STATUTORY INFORMATION

G&P Johnson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

The above goodwill purchased in 2008 and originally being written off over 20 years will now be written off over the next 5 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.


G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


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.

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 35 (2021 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2021
and 31 August 2022 19,200
AMORTISATION
At 1 September 2021 17,510
Charge for year 1,380
At 31 August 2022 18,890
NET BOOK VALUE
At 31 August 2022 310
At 31 August 2021 1,690

G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2021
and 31 August 2022 910,149
DEPRECIATION
At 1 September 2021 589,240
Charge for year 57,594
At 31 August 2022 646,834
NET BOOK VALUE
At 31 August 2022 263,315
At 31 August 2021 320,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 23,788 23,788
Other debtors 106,610 93,725
130,398 117,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 32,297 32,297
Hire purchase contracts 48,649 48,649
Trade creditors 16,148 16,148
Taxation and social security 91,889 64,384
Other creditors 31,110 31,110
220,093 192,588

G&P JOHNSON LIMITED (REGISTERED NUMBER: 06396462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 10,060 52,748
Hire purchase contracts 64,438 109,045
74,498 161,793

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2022 and 31 August 2021:

2022 2021
£    £   
G Johnson and Mrs P Johnson
Balance outstanding at start of year 69,180 55,208
Amounts advanced 151,380 180,989
Amounts repaid (138,495 ) (167,017 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,065 69,180

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G. Johnson & Mrs P. Johnson.