Registered number
11144959
John Dunn Ltd
Unaudited Filleted Accounts
31 January 2024
John Dunn Ltd
Registered number: 11144959
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 67,713 45,726
Current assets
Debtors 4 91,459 89,841
Cash at bank and in hand 116,247 50,143
207,706 139,984
Creditors: amounts falling due within one year 5 (76,160) (80,561)
Net current assets 131,546 59,423
Total assets less current liabilities 199,259 105,149
Creditors: amounts falling due after more than one year 6 (67,363) (39,257)
Net assets 131,896 65,892
Capital and reserves
Called up share capital 100 100
Profit and loss account 131,796 65,792
Shareholder's funds 131,896 65,892
The directors are 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 directors acknowledge their 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.
Mr John Dunn
Director
Approved by the board on 17 July 2024
John Dunn Ltd
Notes to the Accounts
for the year ended 31 January 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:
Computer equipment 33% reducing balance
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Computer equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 4,041 23,337 66,781 94,159
Additions - - 49,050 49,050
Disposals - - (16,794) (16,794)
At 31 January 2024 4,041 23,337 99,037 126,415
Depreciation
At 1 February 2023 2,507 7,869 38,057 48,433
Charge for the year 506 3,094 14,016 17,616
On disposals - - (7,347) (7,347)
At 31 January 2024 3,013 10,963 44,726 58,702
Net book value
At 31 January 2024 1,028 12,374 54,311 67,713
At 31 January 2023 1,534 15,468 28,724 45,726
4 Debtors 2024 2023
£ £
Trade debtors 91,459 89,841
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,471 -
Bounce back loan 5,833 5,833
Obligations under finance lease and hire purchase contracts - 11,654
Trade creditors 3,282 3,282
Taxation and social security costs 63,527 56,556
Directors loan account 493 1,682
Other creditors 1,554 1,554
76,160 80,561
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 8,102 19,444
Obligations under finance lease and hire purchase contracts 59,261 19,813
67,363 39,257
7 Other information
John Dunn Ltd is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
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