Registered number
07685027
Ivan Johnson Limited
Filleted Accounts
30 June 2024
Ivan Johnson Limited
Registered number: 07685027
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,233 7,178
Current assets
Stocks 500 500
Cash at bank and in hand 30,456 17,595
30,956 18,095
Creditors: amounts falling due within one year 4 (28,026) (15,184)
Net current assets 2,930 2,911
Total assets less current liabilities 8,163 10,089
Creditors: amounts falling due after more than one year 5 (6,400) (8,800)
Net assets 1,763 1,289
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,762 1,288
Shareholder's funds 1,763 1,289
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Johnson
Director
Approved by the board on 2 August 2024
Ivan Johnson Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 5,686 12,000 17,686
At 30 June 2024 5,686 12,000 17,686
Depreciation
At 1 July 2023 5,258 5,250 10,508
Charge for the year 257 1,688 1,945
At 30 June 2024 5,515 6,938 12,453
Net book value
At 30 June 2024 171 5,062 5,233
At 30 June 2023 428 6,750 7,178
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,430 3,301
Taxation and social security costs 10,612 7,950
Other creditors 14,984 3,933
28,026 15,184
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,400 8,800
6 Other information
Ivan Johnson Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Melrose Avenue
Sherwood
Nottingham
NG5 2HH
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