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REGISTERED NUMBER: 08061436 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

JOHNMARK LTD

JOHNMARK LTD (REGISTERED NUMBER: 08061436)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHNMARK LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: R M Hart
J M Watson





REGISTERED OFFICE: 32 Marathon Place
Moss Side Industrial Estate
Leyland
Preston
Lancashire
PR26 7QN





REGISTERED NUMBER: 08061436 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

JOHNMARK LTD (REGISTERED NUMBER: 08061436)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,003,350 838,706
Investments 5 143,000 147,000
1,146,350 985,706

CURRENT ASSETS
Stocks 440,475 499,015
Debtors 6 1,620,854 1,116,116
Cash at bank 821,743 843,431
2,883,072 2,458,562
CREDITORS
Amounts falling due within one year 7 876,053 702,949
NET CURRENT ASSETS 2,007,019 1,755,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,153,369

2,741,319

CREDITORS
Amounts falling due after more than one
year

8

(104,424

)

(204,722

)

PROVISIONS FOR LIABILITIES (193,506 ) (160,276 )
NET ASSETS 2,855,439 2,376,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,855,339 2,376,221
SHAREHOLDERS' FUNDS 2,855,439 2,376,321

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

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

JOHNMARK LTD (REGISTERED NUMBER: 08061436)

STATEMENT OF FINANCIAL POSITION - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





R M Hart - Director


JOHNMARK LTD (REGISTERED NUMBER: 08061436)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Johnmark Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided and is shown net of VAT.

Turnover is recognised when the goods have been delivered to customers. This is the point when the risks and rewards of ownership have been transferred to the customer.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rate in order to write off each asset over its useful economic life.

Plant and machinery etc. - 5%, 15%, 20% and 25% on reducing balance.

Stocks
Stock and work in progress are valued at the lower of cost and selling price; after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, directors' loan accounts, trade creditors, accruals and hire purchase agreements.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors, Directors' loan accounts, trade creditors and accruals, are measured initially and subsequently at the discounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.


JOHNMARK LTD (REGISTERED NUMBER: 08061436)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

JOHNMARK LTD (REGISTERED NUMBER: 08061436)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,270,152
Additions 295,414
At 30 November 2023 1,565,566
DEPRECIATION
At 1 December 2022 431,446
Charge for year 130,770
At 30 November 2023 562,216
NET BOOK VALUE
At 30 November 2023 1,003,350
At 30 November 2022 838,706

The net book value of tangible fixed assets includes £ 387,516 (2022 - £ 456,738 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 147,000
Revaluations (4,000 )
At 30 November 2023 143,000
NET BOOK VALUE
At 30 November 2023 143,000
At 30 November 2022 147,000

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2023 (4,000 )
Cost 147,000
143,000

JOHNMARK LTD (REGISTERED NUMBER: 08061436)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,121,503 844,064
Other debtors 499,351 272,052
1,620,854 1,116,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 108,265 125,917
Trade creditors 326,678 431,821
Taxation and social security 392,633 123,980
Other creditors 48,477 21,231
876,053 702,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 104,424 204,722

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 108,265 125,917
Between one and five years 104,424 204,722
212,689 330,639

Non-cancellable operating leases
2023 2022
£    £   
Within one year 103,108 57,756
Between one and five years 111,058 89,582
214,166 147,338

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 212,689 330,639

JOHNMARK LTD (REGISTERED NUMBER: 08061436)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances were made to directors as follows;

Monies advanced during the year - £275,678 (2022: £193,275)
Amounts repaid to the company during the year - £194,243 (2022: £195,418)
Balance due to the company at the reporting date - £306,656 (2022: £225,221)

The amounts advanced are unsecured, there are no fixed repayment terms, interest has been charged at the official rate.

12. POST BALANCE SHEET EVENTS

Since the reporting date dividends of £103,000 have been declared in respect of the company's ordinary shares.