Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3112022-02-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03910085 2022-02-01 2023-01-31 03910085 2021-02-01 2022-01-31 03910085 2023-01-31 03910085 2022-01-31 03910085 c:Director2 2022-02-01 2023-01-31 03910085 d:FurnitureFittings 2022-02-01 2023-01-31 03910085 d:FurnitureFittings 2023-01-31 03910085 d:FurnitureFittings 2022-01-31 03910085 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 03910085 d:OfficeEquipment 2022-02-01 2023-01-31 03910085 d:CurrentFinancialInstruments 2023-01-31 03910085 d:CurrentFinancialInstruments 2022-01-31 03910085 d:Non-currentFinancialInstruments 2023-01-31 03910085 d:Non-currentFinancialInstruments 2022-01-31 03910085 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03910085 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 03910085 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 03910085 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 03910085 d:ShareCapital 2023-01-31 03910085 d:ShareCapital 2022-01-31 03910085 d:RetainedEarningsAccumulatedLosses 2023-01-31 03910085 d:RetainedEarningsAccumulatedLosses 2022-01-31 03910085 c:FRS102 2022-02-01 2023-01-31 03910085 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 03910085 c:FullAccounts 2022-02-01 2023-01-31 03910085 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 03910085









GARETH JOHNSON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
GARETH JOHNSON LIMITED
REGISTERED NUMBER: 03910085

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
628
785

  
628
785

Current assets
  

Debtors: amounts falling due within one year
 5 
4,696
4,783

  
4,696
4,783

Creditors: amounts falling due within one year
 6 
(30,701)
(22,485)

Net current liabilities
  
 
 
(26,005)
 
 
(17,702)

Total assets less current liabilities
  
(25,377)
(16,917)

Creditors: amounts falling due after more than one year
 7 
(10,392)
(14,691)

  

Net liabilities
  
(35,769)
(31,608)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(35,771)
(31,610)

  
(35,769)
(31,608)


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.

Gareth Johnson
Page 1

 
GARETH JOHNSON LIMITED
REGISTERED NUMBER: 03910085
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Gareth Johnson Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through its own resources and government backed bounce back loans.
The director has prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. Further financial support has been received by way of coronavirus job rentention scheme grants and local council grant. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The director therefore considers it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of general management services supplied during the year.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2022
2,600



At 31 January 2023

2,600



Depreciation


At 1 February 2022
1,815


Charge for the year on owned assets
157



At 31 January 2023

1,972



Net book value



At 31 January 2023
628



At 31 January 2022
785


5.


Debtors

2023
2022
£
£


Trade debtors
1,950
6

Other debtors
2,746
4,777

4,696
4,783


Page 5

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
15,678
12,789

Bank loans
4,300
4,300

Trade creditors
4,863
2,199

Other taxation and social security
3,142
10

Other creditors
218
687

Accruals and deferred income
2,500
2,500

30,701
22,485



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,392
14,691

10,392
14,691


Page 6

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,300
4,300


4,300
4,300

Amounts falling due 1-2 years

Bank loans
4,300
4,300


4,300
4,300

Amounts falling due 2-5 years

Bank loans
6,092
10,391


6,092
10,391


14,692
18,991


 
Page 7