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REGISTERED NUMBER: 00502636 (England and Wales)












Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023

for

JOHN TANOUS LIMITED

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)






Contents of the Financial Statements
for the Period 1 January 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN TANOUS LIMITED

Company Information
for the Period 1 January 2022 to 31 March 2023







DIRECTORS: C F Wenstrom
Mrs T Wenstrom





SECRETARY: Mrs T Wenstrom





REGISTERED OFFICE: Unit 2, Valley Farm Estate
Reeds Lane
Sayers Common
Hassocks
West Sussex
BN6 9JQ





REGISTERED NUMBER: 00502636 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Balance Sheet
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,923 14,391

CURRENT ASSETS
Stocks 5 30,000 55,000
Debtors 6 43,843 76,539
Cash at bank 12,562 10,644
86,405 142,183
CREDITORS
Amounts falling due within one year 7 85,759 115,892
NET CURRENT ASSETS 646 26,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,569

40,682

CREDITORS
Amounts falling due after more than one
year

8

(35,411

)

(34,167

)

PROVISIONS FOR LIABILITIES 9 (1,092 ) (2,700 )
NET ASSETS 31,066 3,815

CAPITAL AND RESERVES
Called up share capital 72,004 72,004
Retained earnings (40,938 ) (68,189 )
31,066 3,815

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





C F Wenstrom - Director


JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements
for the Period 1 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

John Tanous 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 25% on reducing balance

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 period 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 period 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.

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

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 period was 9 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Frame,
Improvements patterns
to Plant and and
property machinery moulds
£    £    £   
COST
At 1 January 2022 10,094 112,578 50,000
Additions - 20,010 -
Disposals - (76,723 ) -
At 31 March 2023 10,094 55,865 50,000
DEPRECIATION
At 1 January 2022 10,094 103,369 50,000
Charge for period - 3,864 -
Eliminated on disposal - (75,831 ) -
At 31 March 2023 10,094 31,402 50,000
NET BOOK VALUE
At 31 March 2023 - 24,463 -
At 31 December 2021 - 9,209 -

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 19,360 53,748 245,780
Additions 41,990 2,406 64,406
Disposals - (51,011 ) (127,734 )
At 31 March 2023 61,350 5,143 182,452
DEPRECIATION
At 1 January 2022 17,616 50,310 231,389
Charge for period 5,059 1,008 9,931
Eliminated on disposal - (49,960 ) (125,791 )
At 31 March 2023 22,675 1,358 115,529
NET BOOK VALUE
At 31 March 2023 38,675 3,785 66,923
At 31 December 2021 1,744 3,438 14,391

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 41,990
At 31 March 2023 41,990
DEPRECIATION
Charge for period 4,710
At 31 March 2023 4,710
NET BOOK VALUE
At 31 March 2023 37,280

5. STOCKS
2023 2021
£    £   
Stocks 30,000 55,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 22,271 67,702
Other debtors - 2,715
Tax - 4,244
Prepayments and accrued income 21,572 1,878
43,843 76,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,498 -
Trade creditors 9,978 13,358
Tax - (3 )
Social security and other taxes 6,448 7,708
VAT 18,650 15,336
Other creditors 1,182 2,493
Directors' loan accounts 9,701 64,480
Accruals and deferred income 24,302 2,520
85,759 115,892

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 24,167
Hire purchase contracts 13,744 -
35,411 34,167

9. PROVISIONS FOR LIABILITIES
2023 2021
£    £   
Deferred tax 1,092 2,700

Deferred
tax
£   
Balance at 1 January 2022 2,700
Accelerated capital allowances (1,608 )
Balance at 31 March 2023 1,092

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C F Wenstrom.