T C JOHNSTON & SONS LIMITED

Company Registration Number:
SC443226 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

T C JOHNSTON & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

T C JOHNSTON & SONS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 493,042 397,512
Total fixed assets: 493,042 397,512
Current assets
Stocks: 50,054 138,466
Debtors:   338,053 424,743
Cash at bank and in hand: 31,025 3,213
Total current assets: 419,132 566,422
Creditors: amounts falling due within one year:   (410,282) (527,425)
Net current assets (liabilities): 8,850 38,997
Total assets less current liabilities: 501,892 436,509
Creditors: amounts falling due after more than one year:   (42,014) (42,014)
Provision for liabilities: (95,428) (75,377)
Total net assets (liabilities): 364,450 319,118
Capital and reserves
Called up share capital: 700 700
Profit and loss account: 363,750 318,418
Shareholders funds: 364,450 319,118

The notes form part of these financial statements

T C JOHNSTON & SONS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2023
and signed on behalf of the board by:

Name: Mr L C Johnston
Status: Director

The notes form part of these financial statements

T C JOHNSTON & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net ofsales/ value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of Tangible assets includes directly attributable incremental costs incurred in the aquisition and installation.Depreciation.Depreciation is charged so as to write off the cost of the assets, other than Land and properties under construction, over their estimated useful lives.

T C JOHNSTON & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

T C JOHNSTON & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 584,312
Additions 232,252
Disposals (39,910)
At 31 March 2023 776,654
Depreciation
At 01 April 2022 186,800
Charge for year 96,812
At 31 March 2023 283,612
Net book value
At 31 March 2023 493,042
At 31 March 2022 397,512

T C JOHNSTON & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Related party transactions

Name of the related party: Mr L C Johnston Directors loan Account
Relationship:
director
Description of the Transaction: Directors loan account.
£
Balance at 01 April 2022 57,046
Balance at 31 March 2023 65,783