Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3112023-02-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03910085 2023-02-01 2024-01-31 03910085 2022-02-01 2023-01-31 03910085 2024-01-31 03910085 2023-01-31 03910085 c:Director2 2023-02-01 2024-01-31 03910085 d:FurnitureFittings 2023-02-01 2024-01-31 03910085 d:FurnitureFittings 2024-01-31 03910085 d:FurnitureFittings 2023-01-31 03910085 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03910085 d:OfficeEquipment 2023-02-01 2024-01-31 03910085 d:CurrentFinancialInstruments 2024-01-31 03910085 d:CurrentFinancialInstruments 2023-01-31 03910085 d:Non-currentFinancialInstruments 2024-01-31 03910085 d:Non-currentFinancialInstruments 2023-01-31 03910085 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03910085 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03910085 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 03910085 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 03910085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 03910085 d:ShareCapital 2024-01-31 03910085 d:ShareCapital 2023-01-31 03910085 d:RetainedEarningsAccumulatedLosses 2024-01-31 03910085 d:RetainedEarningsAccumulatedLosses 2023-01-31 03910085 c:FRS102 2023-02-01 2024-01-31 03910085 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03910085 c:FullAccounts 2023-02-01 2024-01-31 03910085 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 03910085









GARETH JOHNSON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
GARETH JOHNSON LIMITED
REGISTERED NUMBER: 03910085

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
502
628

  
502
628

Current assets
  

Debtors: amounts falling due within one year
 5 
12
4,696

  
12
4,696

Creditors: amounts falling due within one year
 6 
(27,676)
(30,701)

Net current liabilities
  
 
 
(27,664)
 
 
(26,005)

Total assets less current liabilities
  
(27,162)
(25,377)

Creditors: amounts falling due after more than one year
 7 
(6,092)
(10,392)

  

Net liabilities
  
(33,254)
(35,769)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(33,256)
(35,771)

  
(33,254)
(35,769)


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.

Gareth Johnson
Page 1

 
GARETH JOHNSON LIMITED
REGISTERED NUMBER: 03910085
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Gareth Johnson Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through its own resources and government backed bounce back loans.
The director has prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. Further financial support has been received by way of coronavirus job rentention scheme grants and local council grant. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The director therefore considers it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of general management services supplied during the year.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2023
2,600



At 31 January 2024

2,600



Depreciation


At 1 February 2023
1,972


Charge for the year on owned assets
126



At 31 January 2024

2,098



Net book value



At 31 January 2024
502



At 31 January 2023
628


5.


Debtors

2024
2023
£
£


Trade debtors
12
1,950

Other debtors
-
2,746

12
4,696


Page 5

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
13,854
15,678

Bank loans
4,300
4,300

Trade creditors
6,148
4,863

Other taxation and social security
612
3,142

Other creditors
262
218

Accruals and deferred income
2,500
2,500

27,676
30,701



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,092
10,392

6,092
10,392


Page 6

 
GARETH JOHNSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,300
4,300


4,300
4,300

Amounts falling due 1-2 years

Bank loans
4,300
4,300


4,300
4,300

Amounts falling due 2-5 years

Bank loans
1,792
6,092


1,792
6,092


10,392
14,692


 
Page 7