IRIS Accounts Production v24.3.0.553 01172574 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011725742023-05-31011725742024-05-31011725742023-06-012024-05-31011725742022-05-31011725742022-06-012023-05-31011725742023-05-3101172574ns15:EnglandWales2023-06-012024-05-3101172574ns14:PoundSterling2023-06-012024-05-3101172574ns10:Director12023-06-012024-05-3101172574ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101172574ns10:SmallEntities2023-06-012024-05-3101172574ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101172574ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101172574ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101172574ns10:FullAccounts2023-06-012024-05-3101172574ns10:Director22023-06-012024-05-3101172574ns10:Director32023-06-012024-05-3101172574ns10:Director42023-06-012024-05-3101172574ns10:RegisteredOffice2023-06-012024-05-3101172574ns5:CurrentFinancialInstruments2024-05-3101172574ns5:CurrentFinancialInstruments2023-05-3101172574ns5:ShareCapital2024-05-3101172574ns5:ShareCapital2023-05-3101172574ns5:RetainedEarningsAccumulatedLosses2024-05-3101172574ns5:RetainedEarningsAccumulatedLosses2023-05-3101172574ns5:CostValuation2023-05-3101172574ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3101172574ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31011725743ns10:Director32023-05-31011725743ns10:Director32022-05-31011725743ns10:Director32023-06-012024-05-31011725743ns10:Director32022-06-012023-05-31011725743ns10:Director32024-05-31011725743ns10:Director32023-05-31
REGISTERED NUMBER: 01172574 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

D.S. JOHNSTON (HOLDINGS) LIMITED

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.S. JOHNSTON (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S M Jacobs
A R Johnston
L A Johnston
E B K Stone





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 01172574 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 418,061 418,061

CURRENT ASSETS
Debtors 5 1,816,731 1,906,207
Cash at bank 739,521 604,678
2,556,252 2,510,885
CREDITORS
Amounts falling due within one year 6 141,729 147,526
NET CURRENT ASSETS 2,414,523 2,363,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,832,584

2,781,420

CAPITAL AND RESERVES
Called up share capital 550,000 550,000
Retained earnings 2,282,584 2,231,420
2,832,584 2,781,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 22 October 2024 and were signed on its behalf by:





L A Johnston - Director


D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

D.S. Johnston (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about D.S. Johnston (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 418,061
NET BOOK VALUE
At 31 May 2024 418,061
At 31 May 2023 418,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 1,814,335 1,815,372
Tax - 88,489
Prepayments and accrued income 2,396 2,346
1,816,731 1,906,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 672
Amounts owed to group undertakings 133,044 133,044
Tax - 642
Social security and other taxes 5,935 5,810
Other creditors - 4,758
Accrued expenses 2,750 2,600
141,729 147,526

D.S. JOHNSTON (HOLDINGS) LIMITED (REGISTERED NUMBER: 01172574)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A R Johnston
Balance outstanding at start of year - 145,745
Amounts repaid - (145,745 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The amount advanced to a director bears interest at 2.25% per annum.