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REGISTERED NUMBER: 01222630 (England and Wales)









Financial Statements

for the Year Ended 31 August 2023

for

F.C. & J.K. Johnson (Sports Goods)
Limited

F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.C. & J.K. Johnson (Sports Goods)
Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: B Johnson
D Thrower





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 01222630 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 744 930
Investment property 5 1,775,000 1,775,000
1,775,744 1,775,930

CURRENT ASSETS
Debtors 6 8,160 7,171
Cash at bank 108,568 59,208
116,728 66,379
CREDITORS
Amounts falling due within one year 7 (35,838 ) (22,285 )
NET CURRENT ASSETS 80,890 44,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,856,634

1,820,024

CREDITORS
Amounts falling due after more than one
year

8

(4,401

)

(6,801

)

PROVISIONS FOR LIABILITIES (360,392 ) (273,898 )
NET ASSETS 1,491,841 1,539,325

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 1,081,177 1,167,671
Retained earnings 410,564 371,554
1,491,841 1,539,325

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

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

F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)

Balance Sheet - continued
31 August 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 16 April 2024 and were signed on its behalf by:





B Johnson - Director


F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)

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

1. STATUTORY INFORMATION

F.C. & J.K. Johnson (Sports Goods) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, modified to include investment property at fair value.

Turnover
Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement.

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 - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

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 2 (2022 - 2 ) .

F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 60,520
DEPRECIATION
At 1 September 2022 59,590
Charge for year 186
At 31 August 2023 59,776
NET BOOK VALUE
At 31 August 2023 744
At 31 August 2022 930

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 1,775,000
NET BOOK VALUE
At 31 August 2023 1,775,000
At 31 August 2022 1,775,000

There are fixed and floating charges over the investment property.

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 1,441,569
Cost 333,431
1,775,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 August 2023 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,160 7,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,400 2,400
Taxation and social security 23,425 9,831
Other creditors 10,013 10,054
35,838 22,285

F.C. & J.K. Johnson (Sports Goods)
Limited (Registered number: 01222630)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 4,401 6,801

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an aggregate amount of £53 (2022: £303) due to the directors B Johnson and D Thrower. During the year, interest of £nil (2022: £473) was charged by the company at a rate of 2%.

There have been no advances which individually were considered material and no other individual advances exceeding £20,000 to the directors during the year under review.