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REGISTERED NUMBER: 01755079 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BILTON & JOHNSON CO. LIMITED

BILTON & JOHNSON CO. LIMITED (REGISTERED NUMBER: 01755079)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BILTON & JOHNSON CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S.J. Bilton
M S Foster
R D Belcher





SECRETARY: R D Belcher





REGISTERED OFFICE: Riverside House
1/5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 01755079 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

BILTON & JOHNSON CO. LIMITED (REGISTERED NUMBER: 01755079)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,132 19,184
Investments 5 1,710,000 1,710,000
1,726,132 1,729,184

CURRENT ASSETS
Debtors 6 2,847 1,053
Cash at bank 21,875 29,365
24,722 30,418
CREDITORS
Amounts falling due within one year 7 1,468,378 1,398,471
NET CURRENT LIABILITIES (1,443,656 ) (1,368,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,476

361,131

CAPITAL AND RESERVES
Called up share capital 8 16,475 16,475
Other reserves 9 16,472 16,472
Retained earnings 9 249,529 328,184
SHAREHOLDERS' FUNDS 282,476 361,131

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.

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 5th October 2024 and were signed on its behalf by:





S.J. Bilton - Director


BILTON & JOHNSON CO. LIMITED (REGISTERED NUMBER: 01755079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Bilton & Johnson Co. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
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 ) .

BILTON & JOHNSON CO. LIMITED (REGISTERED NUMBER: 01755079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 33,772 68,489 9,575 111,836
Additions 1,902 - - 1,902
At 31st March 2024 35,674 68,489 9,575 113,738
DEPRECIATION
At 1st April 2023 29,621 53,456 9,575 92,652
Charge for year 1,196 3,758 - 4,954
At 31st March 2024 30,817 57,214 9,575 97,606
NET BOOK VALUE
At 31st March 2024 4,857 11,275 - 16,132
At 31st March 2023 4,151 15,033 - 19,184

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 1,710,000
NET BOOK VALUE
At 31st March 2024 1,710,000
At 31st March 2023 1,710,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan - Bilton & Johnson (UK) Ltd 692 692
Prepayments and accrued income 2,155 361
2,847 1,053

BILTON & JOHNSON CO. LIMITED (REGISTERED NUMBER: 01755079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 900 30
Taxation 109,423 95,259
Social security and other taxes 9,870 5,124
Pensions payable 1,076 832
Wages payable (3,428 ) -
VAT 38,460 309,526
Loan account - Bilton & Johnson
(Electrical) Co Ltd

1,309,210

982,577
Directors' current accounts 8 -
Accrued expenses 2,859 5,123
1,468,378 1,398,471

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
16,472 Ordinary £1 16,473 16,473
2 A Ordinary £1 2 2
16,475 16,475

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st April 2023 328,184 16,472 344,656
Profit for the year 307,319 307,319
Dividends (385,974 ) (385,974 )
At 31st March 2024 249,529 16,472 266,001

The balance on other reserves is made up entirely of a Capital Redemption Reserve.

10. RELATED PARTY DISCLOSURES

Bilton & Johnson Co. Limited owns 100% of the share capital of Bilton & Johnson (Electrical) Co Ltd.
At the year end 1,309,210 (2023: £982,577) was owed by the company to Bilton & Johnson (Electrical) Co Ltd. During the year Sales of £841,005 (2023: £700,388) were made to Bilton & Johnson (Electrical) Ltd.

During the year £36,000 was paid to a Director for property rental services.