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REGISTERED NUMBER: 08791992 (England and Wales)



















JOHNSON TIDSALL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOHNSON TIDSALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr D J Mellor
Mr R E Minns
Mr D Hobbs
Mrs S Robotham





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 08791992 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 115,000 230,000
Tangible assets 5 326,818 15,741
441,818 245,741

CURRENT ASSETS
Stocks 9,098 5,732
Debtors 6 844,591 773,268
Cash at bank and in hand 1,023,426 979,324
1,877,115 1,758,324
CREDITORS
Amounts falling due within one year 7 433,738 455,844
NET CURRENT ASSETS 1,443,377 1,302,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,885,195

1,548,221

CREDITORS
Amounts falling due after more than one year 8 (321,592 ) (160,869 )

PROVISIONS FOR LIABILITIES (4,824 ) (2,265 )
NET ASSETS 1,558,779 1,385,087

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,558,679 1,384,987
SHAREHOLDERS' FUNDS 1,558,779 1,385,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

BALANCE SHEET - continued
30 JUNE 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 5 March 2024 and were signed on its behalf by:





Mr D J Mellor - Director


JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Johnson Tidsall 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 represents amounts receivable from the supply of services which fall within the ordinary activities of the company, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - at varying rates on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Land has not been depreciated.

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 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.


JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 1,150,000
AMORTISATION
At 1 July 2022 920,000
Charge for year 115,000
At 30 June 2023 1,035,000
NET BOOK VALUE
At 30 June 2023 115,000
At 30 June 2022 230,000

JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 - 17,051 93,329 110,380
Additions 305,038 - 15,722 320,760
At 30 June 2023 305,038 17,051 109,051 431,140
DEPRECIATION
At 1 July 2022 - 12,580 82,059 94,639
Charge for year 650 893 8,140 9,683
At 30 June 2023 650 13,473 90,199 104,322
NET BOOK VALUE
At 30 June 2023 304,388 3,578 18,852 326,818
At 30 June 2022 - 4,471 11,270 15,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 316,271 306,793
Amounts recoverable on contract 426,755 370,260
Other debtors 14,383 9,514
Prepayments and accrued income 87,182 86,701
844,591 773,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,193 47,245
Trade creditors 36,330 57,858
Corporation tax 100,028 105,079
Social security and other taxes 17,174 20,211
VAT 97,120 94,765
Other creditors 9,072 7,500
Directors' current accounts 110,000 90,000
Accruals and deferred income 31,821 33,186
433,738 455,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 321,592 160,869

JOHNSON TIDSALL LIMITED (REGISTERED NUMBER: 08791992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 32,193 47,245

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100