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REGISTERED NUMBER: 05174595 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BILTON & JOHNSON (BUILDING) CO LTD

BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BILTON & JOHNSON (BUILDING) CO LTD

Company Information
for the year ended 31 March 2024







Directors: Mr S E Johnson
Mrs W Johnson
Mr J R McAulay





Secretary: Mrs W Johnson





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 05174595 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 40,553 65,178
Investments 5 86,026 86,026
126,579 151,204

Current assets
Stocks 401,685 999,393
Debtors 6 622,606 1,733,376
Cash at bank and in hand 355,107 676,987
1,379,398 3,409,756
Creditors
Amounts falling due within one year 7 1,365,910 2,423,580
Net current assets 13,488 986,176
Total assets less current liabilities 140,067 1,137,380

Creditors
Amounts falling due after more than one
year

8

70,833

120,833
Net assets 69,234 1,016,547

Capital and reserves
Called up share capital 11 1 1
Retained earnings 69,233 1,016,546
Shareholders' funds 69,234 1,016,547

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.

BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Statement of Financial Position - 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 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 10 September 2024 and were signed on its behalf by:





Mr S E Johnson - Director


BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Bilton & Johnson (Building) Co 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.

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.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.


BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
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.

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 10 (2023 - 13 ) .

4. Tangible fixed assets
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 4,476 53,461 282,276 340,213
Disposals - - (42,330 ) (42,330 )
At 31 March 2024 4,476 53,461 239,946 297,883
Depreciation
At 1 April 2023 4,476 49,704 220,855 275,035
Charge for year - 1,736 12,844 14,580
Eliminated on disposal - - (32,285 ) (32,285 )
At 31 March 2024 4,476 51,440 201,414 257,330
Net book value
At 31 March 2024 - 2,021 38,532 40,553
At 31 March 2023 - 3,757 61,421 65,178

5. Fixed asset investments
Other
investments
£   
Cost
At 1 April 2023
and 31 March 2024 158,126
Provisions
At 1 April 2023
and 31 March 2024 72,100
Net book value
At 31 March 2024 86,026
At 31 March 2023 86,026

BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 113,462 1,061,470
Other debtors 509,144 671,906
622,606 1,733,376

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 1,023,516 1,851,375
Taxation and social security 229,074 462,634
Other creditors 63,320 59,571
1,365,910 2,423,580

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 70,833 120,833

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 120,833 170,833

The bank loan is secured by a legal charge over the freehold property and by a fixed and floating
charge over the assets of the company.

10. Deferred tax
£   
Balance at 1 April 2023 (41,531 )
Provided during year (13,557 )
Balance at 31 March 2024 (55,088 )

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

BILTON & JOHNSON (BUILDING) CO LTD (REGISTERED NUMBER: 05174595)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr S E Johnson
Balance outstanding at start of year 257,573 152,297
Amounts advanced 212,238 257,573
Amounts repaid (289,623 ) (152,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180,188 257,573

Mr J R McAulay
Balance outstanding at start of year (14,000 ) (55,000 )
Amounts advanced 12,505 41,000
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (21,495 ) (14,000 )