Silverfin false false 30/09/2023 01/10/2022 30/09/2023 Christopher Wayne Johnson 02/11/2020 Samantha Mary Ann Johnson 02/11/2020 16 April 2024 The principal activity of the Company during the financial year was joinery installation. 12991540 2023-09-30 12991540 bus:Director1 2023-09-30 12991540 bus:Director2 2023-09-30 12991540 2022-09-30 12991540 core:CurrentFinancialInstruments 2023-09-30 12991540 core:CurrentFinancialInstruments 2022-09-30 12991540 core:Non-currentFinancialInstruments 2023-09-30 12991540 core:Non-currentFinancialInstruments 2022-09-30 12991540 core:ShareCapital 2023-09-30 12991540 core:ShareCapital 2022-09-30 12991540 core:RetainedEarningsAccumulatedLosses 2023-09-30 12991540 core:RetainedEarningsAccumulatedLosses 2022-09-30 12991540 core:Goodwill 2022-09-30 12991540 core:Goodwill 2023-09-30 12991540 core:OtherPropertyPlantEquipment 2022-09-30 12991540 core:OtherPropertyPlantEquipment 2023-09-30 12991540 2022-10-01 2023-09-30 12991540 bus:FilletedAccounts 2022-10-01 2023-09-30 12991540 bus:SmallEntities 2022-10-01 2023-09-30 12991540 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12991540 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12991540 bus:Director1 2022-10-01 2023-09-30 12991540 bus:Director2 2022-10-01 2023-09-30 12991540 core:Goodwill core:TopRangeValue 2022-10-01 2023-09-30 12991540 core:Goodwill 2022-10-01 2023-09-30 12991540 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 12991540 2021-10-01 2022-09-30 12991540 core:Non-currentFinancialInstruments 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 12991540 (England and Wales)

C JOHNSON CARPENTRY AND JOINERY LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

C JOHNSON CARPENTRY AND JOINERY LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

C JOHNSON CARPENTRY AND JOINERY LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
C JOHNSON CARPENTRY AND JOINERY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
DIRECTORS Christopher Wayne Johnson
Samantha Mary Ann Johnson
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 12991540 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
C JOHNSON CARPENTRY AND JOINERY LIMITED

BALANCE SHEET

As at 30 September 2023
C JOHNSON CARPENTRY AND JOINERY LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 17,600 19,800
Tangible assets 4 48,742 51,298
66,342 71,098
Current assets
Stocks 10,000 10,000
Debtors 5 165,667 153,775
Cash at bank and in hand 94,343 56,559
270,010 220,334
Creditors: amounts falling due within one year 6 ( 111,791) ( 84,089)
Net current assets 158,219 136,245
Total assets less current liabilities 224,561 207,343
Creditors: amounts falling due after more than one year 7 ( 16,665) ( 31,040)
Provision for liabilities ( 12,185) ( 12,825)
Net assets 195,711 163,478
Capital and reserves
Called-up share capital 100 100
Profit and loss account 195,611 163,378
Total shareholders' funds 195,711 163,478

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C Johnson Carpentry and Joinery Limited (registered number: 12991540) were approved and authorised for issue by the Board of Directors on 16 April 2024. They were signed on its behalf by:

Christopher Wayne Johnson
Director
C JOHNSON CARPENTRY AND JOINERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
C JOHNSON CARPENTRY AND JOINERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C Johnson Carpentry and Joinery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 15

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2022 22,000 22,000
At 30 September 2023 22,000 22,000
Accumulated amortisation
At 01 October 2022 2,200 2,200
Charge for the financial year 2,200 2,200
At 30 September 2023 4,400 4,400
Net book value
At 30 September 2023 17,600 17,600
At 30 September 2022 19,800 19,800

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2022 66,086 66,086
Additions 13,233 13,233
Disposals ( 4,081) ( 4,081)
At 30 September 2023 75,238 75,238
Accumulated depreciation
At 01 October 2022 14,788 14,788
Charge for the financial year 12,888 12,888
Disposals ( 1,180) ( 1,180)
At 30 September 2023 26,496 26,496
Net book value
At 30 September 2023 48,742 48,742
At 30 September 2022 51,298 51,298

5. Debtors

2023 2022
£ £
Trade debtors 155,931 116,702
Other debtors 9,736 37,073
165,667 153,775

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 10,699 10,105
Taxation and social security 72,858 54,484
Obligations under finance leases and hire purchase contracts 4,455 6,741
Other creditors 13,779 2,759
111,791 84,089

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 16,665 26,667
Obligations under finance leases and hire purchase contracts 0 4,373
16,665 31,040

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors 5,731 31,909

As at 30 September 2023, the directors owe the company £5,731, this includes interest of 2% from the date the loan went overdrawn.