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REGISTERED NUMBER: 05093651 (England and Wales)















JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED (REGISTERED NUMBER: 05093651)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2023







DIRECTOR: P Finn





REGISTERED OFFICE: Unit 2 Target Park
Shawbank Road
Redditch
Worcestershire
B98 8YN





REGISTERED NUMBER: 05093651 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED (REGISTERED NUMBER: 05093651)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 779,875 740,830

CURRENT ASSETS
Debtors 5 133,179 200,871
Cash at bank 38,509 31,131
171,688 232,002
CREDITORS
Amounts falling due within one year 6 196,319 208,028
NET CURRENT (LIABILITIES)/ASSETS (24,631 ) 23,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,244

764,804

CREDITORS
Amounts falling due after more than one
year

7

(468,127

)

(490,774

)

PROVISIONS FOR LIABILITIES (31,368 ) (23,542 )
NET ASSETS 255,749 250,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 255,649 250,388
255,749 250,488

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 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.

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 director and authorised for issue on 10 August 2023 and were signed by:




P Finn - Director


JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED (REGISTERED NUMBER: 05093651)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

Johns of Studley (Removals & Transport) 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.

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.

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 7 (2022 - 7 ) .

JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED (REGISTERED NUMBER: 05093651)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 605,000 518,782 1,123,782
Additions - 73,968 73,968
At 31 March 2023 605,000 592,750 1,197,750
DEPRECIATION
At 1 April 2022 - 382,952 382,952
Charge for year - 34,923 34,923
At 31 March 2023 - 417,875 417,875
NET BOOK VALUE
At 31 March 2023 605,000 174,875 779,875
At 31 March 2022 605,000 135,830 740,830

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

Plant and
machinery
etc
£   
COST
At 1 April 2022 90,499
Additions 56,900
At 31 March 2023 147,399
DEPRECIATION
At 1 April 2022 11,339
Charge for year 20,033
At 31 March 2023 31,372
NET BOOK VALUE
At 31 March 2023 116,027
At 31 March 2022 79,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 128,132 196,783
Other debtors 5,047 4,088
133,179 200,871

JOHNS OF STUDLEY (REMOVALS & TRANSPORT)
LIMITED (REGISTERED NUMBER: 05093651)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 43,494 41,568
Hire purchase contracts 36,500 21,231
Trade creditors 70,779 75,263
Taxation and social security 31,140 32,063
Other creditors 14,406 37,903
196,319 208,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 118,464 161,958
Hire purchase contracts 64,278 55,424
Other creditors 285,385 273,392
468,127 490,774