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Registered number: 8507594
Johnson Electrical Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Barker Maule & Co
Chartered Accountants
27 Castle Gate
Newark
Nottinghamshire
NG24 1BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 8507594
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,126 173,057
140,126 173,057
CURRENT ASSETS
Debtors 5 272,842 301,224
Cash at bank and in hand 43,895 57,779
316,737 359,003
Creditors: Amounts Falling Due Within One Year 6 (123,094 ) (129,554 )
NET CURRENT ASSETS (LIABILITIES) 193,643 229,449
TOTAL ASSETS LESS CURRENT LIABILITIES 333,769 402,506
Creditors: Amounts Falling Due After More Than One Year 7 (108,269 ) (179,496 )
NET ASSETS 225,500 223,010
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 225,496 223,006
SHAREHOLDERS' FUNDS 225,500 223,010
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicky Johnson
Director
Mrs Paxton Johnson
Director
8 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Johnson Electrical Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8507594 . The registered office is Unit 23 Jessops Park, Northern Road Industrial Estate, Newark , Notts , NG24 2UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 1,111 165,154 124,421 3,310 293,996
As at 30 April 2024 1,111 165,154 124,421 3,310 293,996
Depreciation
As at 1 May 2023 1,083 98,993 19,370 1,493 120,939
Provided during the period 28 16,541 15,757 605 32,931
As at 30 April 2024 1,111 115,534 35,127 2,098 153,870
Net Book Value
As at 30 April 2024 - 49,620 89,294 1,212 140,126
As at 1 May 2023 28 66,161 105,051 1,817 173,057
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 178,327 232,590
Prepayments and accrued income - 2,260
VAT 47,338 19,197
Intercompany Loan 47,177 47,177
272,842 301,224
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,750 11,733
Trade creditors 39,566 69,396
Bank loans and overdrafts 7,778 7,778
Corporation tax 9,663 7,639
Other taxes and social security 7,847 9,954
Directors' loan accounts 22,490 23,054
123,094 129,554
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 89,235 150,607
Bank loans 19,034 28,889
108,269 179,496
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,750 11,733
Later than one year and not later than five years 89,235 150,607
124,985 162,340
124,985 162,340
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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