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REGISTERED NUMBER: 00513511 (England and Wales)






















J W Johnson (Hull) Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






J W Johnson (Hull) Limited (Registered number: 00513511)






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


J W Johnson (Hull) Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: Mrs P I Johnson
J R Johnson





SECRETARY: Mrs A M Johnson





REGISTERED OFFICE: 33 Braids Walk
Kirk Ella
East Yorkshire
HU10 7PB





REGISTERED NUMBER: 00513511 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

J W Johnson (Hull) Limited (Registered number: 00513511)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,681 63,645
Investments 5 69,687 62,648
Investment property 6 150,000 115,000
232,368 241,293

CURRENT ASSETS
Stocks 500 500
Debtors 7 62,679 84,976
Cash at bank and in hand 299,940 192,865
363,119 278,341
CREDITORS
Amounts falling due within one year 8 112,524 83,389
NET CURRENT ASSETS 250,595 194,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,963

436,245

PROVISIONS FOR LIABILITIES 19,968 14,244
NET ASSETS 462,995 422,001

CAPITAL AND RESERVES
Called up share capital 948 948
Non-distributable reserve 9 61,890 30,361
Capital redemption reserve 552 552
Other reserves 651 651
Retained earnings 398,954 389,489
462,995 422,001

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.

J W Johnson (Hull) Limited (Registered number: 00513511)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





J R Johnson - Director


J W Johnson (Hull) Limited (Registered number: 00513511)

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

1. STATUTORY INFORMATION

J W Johnson (Hull) 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of fish is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The rates and basis applicable are:

Freehold land and buildings4% straight line
Plant and equipment10% straight line
Motor vehicles25% reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate


J W Johnson (Hull) Limited (Registered number: 00513511)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

J W Johnson (Hull) Limited (Registered number: 00513511)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 57,604 148,492 206,096
Disposals - (102,287 ) (102,287 )
At 31st March 2024 57,604 46,205 103,809
DEPRECIATION
At 1st April 2023 57,604 84,847 142,451
Charge for year - 10,965 10,965
Eliminated on disposal - (62,288 ) (62,288 )
At 31st March 2024 57,604 33,524 91,128
NET BOOK VALUE
At 31st March 2024 - 12,681 12,681
At 31st March 2023 - 63,645 63,645

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 62,648
Revaluations 7,039
At 31st March 2024 69,687
NET BOOK VALUE
At 31st March 2024 69,687
At 31st March 2023 62,648

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2023 46,362
Cost 23,325
69,687

J W Johnson (Hull) Limited (Registered number: 00513511)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 115,000
Revaluations 35,000
At 31st March 2024 150,000
NET BOOK VALUE
At 31st March 2024 150,000
At 31st March 2023 115,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2023 35,000
Cost 115,000
150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,590 78,494
Other debtors 6,089 6,482
62,679 84,976

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,959 47,023
Taxation and social security 21,014 5,916
Other creditors 52,551 30,450
112,524 83,389

9. RESERVES
Non-distributable
reserve
£   
At 1st April 2023 30,361
Transfer 31,529

At 31st March 2024 61,890