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REGISTERED NUMBER: 04993611 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

JOHNSON PARTNERS LIMITED

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHNSON PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M Shakesheff
M D Sharp
D E Irving



REGISTERED OFFICE: 7 River Court
Brighouse Road
Brighouse Business Village
Middlesbrough
TS2 1RT



REGISTERED NUMBER: 04993611 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank plc
60 Albert Road
Middlesbrough
TS1 1RS

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,129 131,262
Investments 5 100 100
134,229 131,362

CURRENT ASSETS
Debtors 6 92,445 164,230
Cash at bank and in hand 10,314 30,185
102,759 194,415
CREDITORS
Amounts falling due within one year 7 100,305 111,651
NET CURRENT ASSETS 2,454 82,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,683

214,126

CREDITORS
Amounts falling due after more than one
year

8

108,606

120,748
NET ASSETS 28,077 93,378

CAPITAL AND RESERVES
Called up share capital 11 116 116
Retained earnings 27,961 93,262
SHAREHOLDERS' FUNDS 28,077 93,378

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

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

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd September 2024 and were signed on its behalf by:





M D Sharp - Director


JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

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

1. STATUTORY INFORMATION

Johnson Partners 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Johnson Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Office equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 137,923 8,561 12,118 158,602
Additions - - 6,885 6,885
At 31st March 2024 137,923 8,561 19,003 165,487
DEPRECIATION
At 1st April 2023 9,595 6,070 11,675 27,340
Charge for year 2,760 624 634 4,018
At 31st March 2024 12,355 6,694 12,309 31,358
NET BOOK VALUE
At 31st March 2024 125,568 1,867 6,694 134,129
At 31st March 2023 128,328 2,491 443 131,262

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 100
NET BOOK VALUE
At 31st March 2024 100
At 31st March 2023 100

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

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

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cargo Exchange Limited
Registered office: 7 River Court, Brighouse Road, Brighouse Business Village, Middlesbrough,TS2 1RT
Nature of business: Freight forwarding services
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 52 (42,541 )
Profit/(loss) for the year 42,364 (1,156 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,247 71,192
Amounts owed by group undertakings - 42,580
Other debtors 31,713 -
Directors' current accounts - 33,100
Tax 4,372 4,372
VAT - 8,705
Deferred tax asset 7,099 836
Prepayments 3,014 3,445
92,445 164,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,594 7,582
Trade creditors 59,598 93,946
Amounts owed to group undertakings 19,882 -
Social security and other taxes - 1,534
VAT 351 -
Other creditors 3,556 3,556
Pension scheme 24 1,783
Accrued expenses 3,300 3,250
100,305 111,651

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 13,594 7,854
Bank loans - 2-5 years 40,783 25,299
Bank loans - more than 5 years 54,229 87,595
108,606 120,748

JOHNSON PARTNERS LIMITED (REGISTERED NUMBER: 04993611)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 54,229 87,595

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 122,200 128,330

10. DEFERRED TAX
£   
Balance at 1st April 2023 (836 )
Movement in the year due to:
changes in tax rates (1,704 )
changes in tax allowances 1,069
changes in tax losses (5,628 )
Balance at 31st March 2024 (7,099 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary A 10p 100 100
174 Ordinary B 10p 16 16
116 116

12. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,200 were paid to the directors .

During the year the company charged rent to Cargo Exchange Limited, a 100% subsidiary of the company, in the sum of £20 (2023: £nil). At the year-end the balance due from Cargo Exchange Limited of £43,594 (2023: £42,580) was written off as it was assessed that it would not be recoverable.

On 8 February 2024 100% of the share capital of the company was purchased by Casper Logistics Limited.
During the year the company received a loan from Casper Logistics Limited in the sum of £19,882 (2023: £nil).
At the year-end there was a balance due to Casper Logistics Limited of £19,882 (2023: £nil). This amount is also shown in group creditors.