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REGISTERED NUMBER: 06399033 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

T JOHNSON (WOOLSBRIDGE) LTD

T JOHNSON (WOOLSBRIDGE) LTD (REGISTERED NUMBER: 06399033)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


T JOHNSON (WOOLSBRIDGE) LTD (REGISTERED NUMBER: 06399033)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 17,662 23,550

Current assets
Stocks 32,161 34,833
Debtors 5 52,813 28,246
Cash at bank and in hand 677,341 729,235
762,315 792,314
Creditors
Amounts falling due within one year 6 53,929 155,281
Net current assets 708,386 637,033
Total assets less current liabilities 726,048 660,583

Capital and reserves
Called up share capital 7 1 1
Retained earnings 726,047 660,582
Shareholders' funds 726,048 660,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2024 and were signed by:





Mr T Johnson - Director


T JOHNSON (WOOLSBRIDGE) LTD (REGISTERED NUMBER: 06399033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

T Johnson (Woolsbridge) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 06399033. The registered office address and business address is Woolsbridge Manor Farm, Three Legged Cross, Wimborne, Dorset, BH21 6RA.

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, excluding value added tax, in respect of landrover repairs and maintenance work and is recognised as soon as the service has been provided to the customer.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 4 ) .

T JOHNSON (WOOLSBRIDGE) LTD (REGISTERED NUMBER: 06399033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2023
and 31 December 2023 63,454 10,536 86,791 160,781
Depreciation
At 1 January 2023 55,056 9,676 72,499 137,231
Charge for year 2,100 215 3,573 5,888
At 31 December 2023 57,156 9,891 76,072 143,119
Net book value
At 31 December 2023 6,298 645 10,719 17,662
At 31 December 2022 8,398 860 14,292 23,550

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 31,532 22,551
Directors' current accounts 13,103 -
Prepayments 8,178 5,695
52,813 28,246

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 13,870 12,015
Tax 23,505 21,635
VAT 13,396 9,944
Pension 498 253
Directors' current accounts - 108,899
Accruals and deferred income 2,660 2,535
53,929 155,281

7. Called up share capital

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

T JOHNSON (WOOLSBRIDGE) LTD (REGISTERED NUMBER: 06399033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr T Johnson
Balance outstanding at start of year - -
Amounts advanced 13,104 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,104 -

At the year end the Director, Mr T Johnson, owed the company amounts totalling £13,104, which are included within debtors: amounts falling due within one year. The balance owing at the year end was the maximum amount owing throughout the year, and all amounts were fully repaid within nine months of the year end.

9. Ultimate controlling party

The company is controlled by the director, Mr T Johnson, who owns 100% of the issued share capital.