Registered number
06462630
Craig Johnson Limited
Filleted Accounts
31 March 2024
Craig Johnson Limited
Registered number: 06462630
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Intangible assets 4 42,228
Tangible assets 5 8,173
Investments 6 -
50,401
Current assets
Stocks -
Debtors 7 -
Investments held as current assets 8 -
Cash at bank and in hand 259,818
259,818
Creditors: amounts falling due within one year 9 (259,936)
Net current (liabilities)/assets (118)
Total assets less current liabilities 50,283
Creditors: amounts falling due after more than one year 10 -
Provisions for liabilities (1,930)
Net assets 48,353
Capital and reserves
Called up share capital 2
Share premium -
Revaluation reserve 12 -
Profit and loss account 48,351
Shareholder's funds 48,353
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Craig Michael Johnson
Director
Approved by the board on 22 August 2024
Craig Johnson Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2024
Number
Average number of persons employed by the company 8
4 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 112,148
Additions -
Disposals -
At 31 March 2024 112,148
Amortisation
At 1 April 2023 62,576
Provided during the year 7,344
On disposals -
At 31 March 2024 69,920
Net book value
At 31 March 2024 42,228
At 31 March 2023 49,572
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - 24,553 - 24,553
Additions - 696 - 696
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2024 - 25,249 - 25,249
Depreciation
At 1 April 2023 - 14,562 - 14,562
Charge for the year - 2,514 - 2,514
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2024 - 17,076 - 17,076
Net book value
At 31 March 2024 - 8,173 - 8,173
At 31 March 2023 - 9,991 - 9,991
7 Debtors 2024
£
Trade debtors -
Amounts owed by group undertakings and undertakings in which the company has a participating interest -
Deferred tax asset -
Other debtors -
-
Amounts due after more than one year included above -
9 Creditors: amounts falling due within one year 2024
£
Non-equity preference shares -
Bank loans and overdrafts 102
Obligations under finance lease and hire purchase contracts -
Trade creditors 17,427
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
Taxation and social security costs 49,216
Other creditors 193,191
259,936
10 Creditors: amounts falling due after one year 2024
£
Non-equity preference shares -
Bank loans -
Obligations under finance lease and hire purchase contracts -
Trade creditors -
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
Other creditors -
-
23 Other information
Craig Johnson Limited is a private company limited by shares and incorporated in England. Its registered office is:
489 Hartshill Road
Hartshill
Stoke-On-Trent
ST4 6AA
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