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REGISTERED NUMBER: 03676630 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

K.JOHNSON LIMITED

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.JOHNSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Keith Johnson
Christine Angela Johnson





SECRETARY: Christine Angela Johnson





REGISTERED OFFICE: Orchard House
West End
Gayle
Hawes
North Yorkshire
DL8 3RT





REGISTERED NUMBER: 03676630 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
York House
Market Place
Leyburn
North Yorkshire
DL8 5AT

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 328,615 366,158
Tangible assets 5 11,785 25,461
Investments 6 1,251,450 1,000,200
1,591,850 1,391,819

CURRENT ASSETS
Debtors 7 978,227 888,933
Cash at bank and in hand 42,154 127,943
1,020,381 1,016,876
CREDITORS
Amounts falling due within one year 8 296,164 400,805
NET CURRENT ASSETS 724,217 616,071
TOTAL ASSETS LESS CURRENT LIABILITIES 2,316,067 2,007,890

PROVISIONS FOR LIABILITIES 2,946 4,838
NET ASSETS 2,313,121 2,003,052

CAPITAL AND RESERVES
Called up share capital 2 2
Profit and loss account 2,313,119 2,003,050
2,313,121 2,003,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





Keith Johnson - Director


K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

K.Johnson 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 the amount of stake money placed by customers.

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.

Seniority positions are being amortised evenly over their estimated useful life of eight years.

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 - 33% on cost
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

FIXED ASSET INVESTMENTS
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Seniority
positions
£   
COST
At 1 April 2023 1,500,318
Additions 47,248
Disposals (151,255 )
At 31 March 2024 1,396,311
AMORTISATION
At 1 April 2023 1,134,160
Amortisation for year 73,563
Eliminated on disposal (140,027 )
At 31 March 2024 1,067,696
NET BOOK VALUE
At 31 March 2024 328,615
At 31 March 2023 366,158

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 18,624 47,836 66,460
DEPRECIATION
At 1 April 2023 12,127 28,872 40,999
Charge for year 6,328 7,348 13,676
At 31 March 2024 18,455 36,220 54,675
NET BOOK VALUE
At 31 March 2024 169 11,616 11,785
At 31 March 2023 6,497 18,964 25,461

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 1,000,200
Additions 251,250
At 31 March 2024 1,251,450
NET BOOK VALUE
At 31 March 2024 1,251,450
At 31 March 2023 1,000,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,195 125,962
Amounts owed by associates 50,818 52,050
Other debtors 862,214 710,921
978,227 888,933

K.JOHNSON LIMITED (REGISTERED NUMBER: 03676630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,126 5,532
Taxation and social security 121,674 51,947
Other creditors 165,364 343,326
296,164 400,805

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,200 1,200