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REGISTERED NUMBER: 07418896 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Moulton Johnson Limited

Moulton Johnson Limited (Registered number: 07418896)






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


Moulton Johnson Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: I K Johnson FCA
M A Southgate ACA FCCA
I P Sutton ACA FCCA





REGISTERED OFFICE: 29A Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 07418896 (England and Wales)

Moulton Johnson Limited (Registered number: 07418896)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,102 30,502
Tangible assets 5 101,325 117,835
126,427 148,337

CURRENT ASSETS
Debtors 6 175,038 175,921
Cash at bank and in hand 121,966 87,117
297,004 263,038
CREDITORS
Amounts falling due within one year 7 205,345 168,640
NET CURRENT ASSETS 91,659 94,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,086

242,735

CREDITORS
Amounts falling due after more than one
year

8

(70,981

)

(97,821

)

PROVISIONS FOR LIABILITIES (23,408 ) (27,961 )
NET ASSETS 123,697 116,953

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 123,297 116,553
SHAREHOLDERS' FUNDS 123,697 116,953

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.

Moulton Johnson Limited (Registered number: 07418896)

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 10th October 2024 and were signed on its behalf by:





I K Johnson FCA - Director


Moulton Johnson Limited (Registered number: 07418896)

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

1. STATUTORY INFORMATION

Moulton Johnson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover comprises fees receivable in respect of the sales value of services provided and performed during the year, excluding value added tax. Fees expected to be recoverable for services that had been performed but were not invoiced at the year-end are classified as 'amounts recoverable on contracts' and are separately disclosed within debtors. Fees received for services that had not been performed at the year-end are classified as 'payments on account' and are separately disclosed within creditors.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2013 and 2019, is being amortised evenly over the estimated useful lives of these acquisitions of ten years.

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 etc - 25% on cost and 20% on cost

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.

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 9 (2023 - 9 ) .

Moulton Johnson Limited (Registered number: 07418896)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023 63,044
Disposals (14,458 )
At 31st March 2024 48,586
AMORTISATION
At 1st April 2023 32,542
Charge for year 5,400
Eliminated on disposal (14,458 )
At 31st March 2024 23,484
NET BOOK VALUE
At 31st March 2024 25,102
At 31st March 2023 30,502

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 168,282
Additions 3,103
Disposals (5,290 )
At 31st March 2024 166,095
DEPRECIATION
At 1st April 2023 50,447
Charge for year 19,257
Eliminated on disposal (4,934 )
At 31st March 2024 64,770
NET BOOK VALUE
At 31st March 2024 101,325
At 31st March 2023 117,835

Moulton Johnson Limited (Registered number: 07418896)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 110,360
DEPRECIATION
At 1st April 2023 2,300
Charge for year 15,112
At 31st March 2024 17,412
NET BOOK VALUE
At 31st March 2024 92,948
At 31st March 2023 108,060

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 93,004 81,060
Amounts recoverable on
contracts 33,772 35,449
Other debtors 48,262 59,412
175,038 175,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts (see note 9) 16,903 15,628
Payments on account 45,986 55,646
Trade creditors 12,343 9,742
Taxation and social security 116,515 74,971
Other creditors 2,950 2,005
205,345 168,640

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,620 22,557
Hire purchase contracts (see note 9) 58,361 75,264
70,981 97,821

Moulton Johnson Limited (Registered number: 07418896)

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

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Gross obligations repayable:
Within one year 21,313 21,313
Between one and five years 63,940 85,253
85,253 106,566

Finance charges repayable:
Within one year 4,410 5,685
Between one and five years 5,579 9,989
9,989 15,674

Net obligations repayable:
Within one year 16,903 15,628
Between one and five years 58,361 75,264
75,264 90,892

10. RELATED PARTY DISCLOSURES

During the year, the company continued to advance an interest-free loan to MJ Results Group Limited, a company in which M A Southgate and I P Sutton are also directors and shareholders. The balance due to the company from MJ Results Group Limited on this loan account at 31st March 2024 amounted to £21,667 (2023: £31,667).