Registered number
11445653
Johnson Arb Ltd
Filleted Accounts
31 July 2024
Johnson Arb Ltd
Registered number: 11445653
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128,353 42,795
Current assets
Debtors 4 32,076 21,990
Cash at bank and in hand 82,904 64,128
114,980 86,118
Creditors: amounts falling due within one year 5 (40,664) (18,555)
Net current assets 74,316 67,563
Total assets less current liabilities 202,669 110,358
Creditors: amounts falling due after more than one year 6 (56,997) (23,917)
Net assets 145,672 86,441
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,572 86,341
Shareholder's funds 145,672 86,441
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.
Mr J Johnson
Director
Approved by the board on 15 August 2024
Johnson Arb Ltd
Notes to the Accounts
for the year ended 31 July 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.
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:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 36,873 23,990 60,863
Additions 76,607 29,995 106,602
At 31 July 2024 113,480 53,985 167,465
Depreciation
At 1 August 2023 14,923 3,145 18,068
Charge for the year 10,834 10,210 21,044
At 31 July 2024 25,757 13,355 39,112
Net book value
At 31 July 2024 87,723 40,630 128,353
At 31 July 2023 21,950 20,845 42,795
4 Debtors 2024 2023
£ £
Trade debtors 16,804 21,990
Other debtors 15,272 -
32,076 21,990
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Obligations under finance lease and hire purchase contracts 12,999 4,950
Corporation tax - 4,438
Other taxes and social security costs 2,638 4,200
Other creditors 21,027 967
40,664 18,555
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,667 15,667
Obligations under finance lease and hire purchase contracts 45,330 8,250
56,997 23,917
7 Related party transactions 2024 2023
Directors loan account £ £
The director is a related party to the company
At 31st July, the company owed the related party the following
interest free, unsecured amounts
Amounts due to the related party 9,492 366
8 Controlling party
The director is the ultimate controlling party by virtue of his 100% ownership of the issued share capital of the company
9 Other information
Johnson Arb Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holden House
Holden Road
Leigh
WN7 1EX
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