IRIS Accounts Production v24.2.0.383 00502636 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005026362023-03-31005026362024-03-31005026362023-04-012024-03-31005026362021-12-31005026362022-01-012023-03-31005026362023-03-3100502636ns15:EnglandWales2023-04-012024-03-3100502636ns14:PoundSterling2023-04-012024-03-3100502636ns10:Director12023-04-012024-03-3100502636ns10:Director22023-04-012024-03-3100502636ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100502636ns10:SmallEntities2023-04-012024-03-3100502636ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100502636ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100502636ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100502636ns10:FullAccounts2023-04-012024-03-3100502636ns10:CompanySecretary12023-04-012024-03-3100502636ns10:RegisteredOffice2023-04-012024-03-3100502636ns5:CurrentFinancialInstruments2024-03-3100502636ns5:CurrentFinancialInstruments2023-03-3100502636ns5:Non-currentFinancialInstruments2024-03-3100502636ns5:Non-currentFinancialInstruments2023-03-3100502636ns5:ShareCapital2024-03-3100502636ns5:ShareCapital2023-03-3100502636ns5:RetainedEarningsAccumulatedLosses2024-03-3100502636ns5:RetainedEarningsAccumulatedLosses2023-03-3100502636ns5:PlantMachinery2023-04-012024-03-3100502636ns5:MotorVehicles2023-04-012024-03-3100502636ns5:ComputerEquipment2023-04-012024-03-3100502636ns5:LeaseholdImprovements2023-03-3100502636ns5:PlantMachinery2023-03-3100502636ns5:FurnitureFittings2023-03-3100502636ns5:LeaseholdImprovements2023-04-012024-03-3100502636ns5:FurnitureFittings2023-04-012024-03-3100502636ns5:LeaseholdImprovements2024-03-3100502636ns5:PlantMachinery2024-03-3100502636ns5:FurnitureFittings2024-03-3100502636ns5:LeaseholdImprovements2023-03-3100502636ns5:PlantMachinery2023-03-3100502636ns5:FurnitureFittings2023-03-3100502636ns5:MotorVehicles2023-03-3100502636ns5:ComputerEquipment2023-03-3100502636ns5:MotorVehicles2024-03-3100502636ns5:ComputerEquipment2024-03-3100502636ns5:MotorVehicles2023-03-3100502636ns5:ComputerEquipment2023-03-3100502636ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3100502636ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3100502636ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3100502636ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3100502636ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100502636ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100502636ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3100502636ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3100502636ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3100502636ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3100502636ns5:DeferredTaxation2023-03-3100502636ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 00502636 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JOHN TANOUS LIMITED

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)






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


JOHN TANOUS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C F Wenstrom
Mrs T Wenstrom





SECRETARY: Mrs T Wenstrom





REGISTERED OFFICE: Unit 2, Valley Farm Estate
Reeds Lane
Sayers Common
Hassocks
West Sussex
BN6 9JQ





REGISTERED NUMBER: 00502636 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,060 66,923

CURRENT ASSETS
Stocks 5 14,748 30,000
Debtors 6 27,041 43,843
Cash at bank 22,769 12,562
64,558 86,405
CREDITORS
Amounts falling due within one year 7 77,481 85,759
NET CURRENT (LIABILITIES)/ASSETS (12,923 ) 646
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,137

67,569

CREDITORS
Amounts falling due after more than one
year

8

(19,913

)

(35,411

)

PROVISIONS FOR LIABILITIES 9 (2,096 ) (1,092 )
NET ASSETS 35,128 31,066

CAPITAL AND RESERVES
Called up share capital 72,004 72,004
Retained earnings (36,876 ) (40,938 )
35,128 31,066

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.

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

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 Income Statement has not been delivered.

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




C F Wenstrom - Director



Mrs T Wenstrom - Director


JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

John Tanous 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 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.

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 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.

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Frame,
Improvements patterns
to Plant and and
property machinery moulds
£    £    £   
COST
At 1 April 2023 10,094 55,865 50,000
Additions - 2,199 -
Disposals - - (50,000 )
At 31 March 2024 10,094 58,064 -
DEPRECIATION
At 1 April 2023 10,094 31,402 50,000
Charge for year - 3,932 -
Eliminated on disposal - - (50,000 )
At 31 March 2024 10,094 35,334 -
NET BOOK VALUE
At 31 March 2024 - 22,730 -
At 31 March 2023 - 24,463 -

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 61,350 5,143 182,452
Additions 16,940 - 19,139
Disposals - - (50,000 )
At 31 March 2024 78,290 5,143 151,591
DEPRECIATION
At 1 April 2023 22,675 1,358 115,529
Charge for year 11,120 950 16,002
Eliminated on disposal - - (50,000 )
At 31 March 2024 33,795 2,308 81,531
NET BOOK VALUE
At 31 March 2024 44,495 2,835 70,060
At 31 March 2023 38,675 3,785 66,923

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 41,990
DEPRECIATION
At 1 April 2023 4,710
Charge for year 7,455
At 31 March 2024 12,165
NET BOOK VALUE
At 31 March 2024 29,825
At 31 March 2023 37,280

5. STOCKS
2024 2023
£    £   
Work-in-progress 14,748 30,000

JOHN TANOUS LIMITED (REGISTERED NUMBER: 00502636)

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 4,658 22,271
Directors' loan accounts 4,787 -
Prepayments and accrued income 17,596 21,572
27,041 43,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,498 5,498
Trade creditors 4,866 9,978
Social security and other taxes 6,343 6,448
VAT 6,049 18,650
Other creditors 2,366 1,182
Directors' loan accounts - 9,701
Accruals and deferred income 42,359 24,302
77,481 85,759

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,667 10,000
Bank loans - 2-5 years - 11,667
Hire purchase contracts 8,246 13,744
19,913 35,411

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,096 1,092

Deferred
tax
£   
Balance at 1 April 2023 1,092
Accelerated capital allowances 1,004
Balance at 31 March 2024 2,096

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C F Wenstrom.