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REGISTERED NUMBER: 05811954 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

W A JOHNS & SONS LIMITED

W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W A JOHNS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mrs K A Foxton
M D Johns, Esq
Mrs J C Johns
A D Johns, Esq





SECRETARY: Mrs J C Johns





REGISTERED OFFICE: 21 Mornington Road
Chingford
London
E4 7DT





REGISTERED NUMBER: 05811954 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
Chartered Accountants
15a Station Road
Epping
Essex
CM16 4HG

W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,133 4,227
Investment property 5 1,427,000 1,427,000
1,431,133 1,431,227

CURRENT ASSETS
Debtors 6 1,342 829
Cash at bank and in hand 156,305 163,698
157,647 164,527
CREDITORS
Amounts falling due within one year 7 (546,614 ) (580,213 )
NET CURRENT LIABILITIES (388,967 ) (415,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,166

1,015,541

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 509,109 509,109
Retained earnings 532,957 506,332
1,042,166 1,015,541

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

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

W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)

BALANCE SHEET - continued
31ST MAY 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 3rd September 2024 and were signed on its behalf by:





M D Johns, Esq - Director


W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)

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

1. STATUTORY INFORMATION

W A Johns & Sons 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 as modified by the revaluation of certain assets.

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 - 2% on cost
Office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Office
property equipment Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 4,696 3,499 8,195
DEPRECIATION
At 1st June 2023 470 3,498 3,968
Charge for year 94 - 94
At 31st May 2024 564 3,498 4,062
NET BOOK VALUE
At 31st May 2024 4,132 1 4,133
At 31st May 2023 4,226 1 4,227

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 1,427,000
NET BOOK VALUE
At 31st May 2024 1,427,000
At 31st May 2023 1,427,000

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2022 509,109
Cost 917,891
1,427,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 463 189
Other debtors 879 640
1,342 829

W A JOHNS & SONS LIMITED (REGISTERED NUMBER: 05811954)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax payable 6,260 10,359
Sundry creditors and accruals 750 5,430
Directors' loan accounts 539,604 564,424
546,614 580,213

8. RESERVES
Revaluation
reserve
£   
At 1st June 2023
and 31st May 2024 509,109