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Company Registration No. 05288587 (England and Wales)
J D Johnson Limited Unaudited accounts for the year ended 29 February 2024
J D Johnson Limited Unaudited accounts Contents
Page
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J D Johnson Limited Company Information for the year ended 29 February 2024
Director
James Duncan Johnson
Company Number
05288587 (England and Wales)
Registered Office
Low Farm, Rea Lane Welton le Marsh Spilsby Lincolnshire PE23 5TA
Accountants
WatsonCo Chartered Accountants Croft House Farm Croft Marsh Lane Croft Lincolnshire PE24 4AR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of J D Johnson Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J D Johnson Limited for the year ended 29 February 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of J D Johnson Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of J D Johnson Limited and state those matters that we have agreed to state to the Board of Directors of J D Johnson Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Johnson Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J D Johnson Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of J D Johnson Limited. You consider that J D Johnson Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J D Johnson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
WatsonCo Chartered Accountants Chartered Accountants Croft House Farm Croft Marsh Lane Croft Lincolnshire PE24 4AR 30 November 2024
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J D Johnson Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
202,185 
199,733 
Current assets
Inventories
32,519 
35,828 
Debtors
360,233 
384,068 
Cash at bank and in hand
54,998 
98,453 
447,750 
518,349 
Creditors: amounts falling due within one year
(373,470)
(393,348)
Net current assets
74,280 
125,001 
Total assets less current liabilities
276,465 
324,734 
Creditors: amounts falling due after more than one year
(216,924)
(242,333)
Net assets
59,541 
82,401 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
59,441 
82,301 
Shareholders' funds
59,541 
82,401 
For the year ending 29 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
James Duncan Johnson Director Company Registration No. 05288587
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J D Johnson Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
J D Johnson Limited is a private company, limited by shares, registered in England and Wales, registration number 05288587. The registered office is Low Farm, Rea Lane, Welton le Marsh, Spilsby, Lincolnshire, PE23 5TA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% reducing balance
Plant & machinery
15% reducing balance or straight line over 25 years
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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J D Johnson Limited Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 March 2023
84,000 
35,000 
119,000 
At 29 February 2024
84,000 
35,000 
119,000 
Amortisation
At 1 March 2023
84,000 
35,000 
119,000 
At 29 February 2024
84,000 
35,000 
119,000 
Net book value
At 29 February 2024
- 
- 
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
197,459 
193,880 
6,500 
1,083 
398,922 
Additions
- 
12,794 
25,147 
- 
37,941 
Disposals
- 
(5,500)
- 
- 
(5,500)
At 29 February 2024
197,459 
201,174 
31,647 
1,083 
431,363 
Depreciation
At 1 March 2023
131,773 
65,214 
1,625 
577 
199,189 
Charge for the year
3,285 
20,623 
7,506 
101 
31,515 
On disposals
- 
(1,526)
- 
- 
(1,526)
At 29 February 2024
135,058 
84,311 
9,131 
678 
229,178 
Net book value
At 29 February 2024
62,401 
116,863 
22,516 
405 
202,185 
At 28 February 2023
65,686 
128,666 
4,875 
506 
199,733 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
62,462 
73,485 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
9,716 
Trade debtors
- 
94 
Amounts due from group undertakings etc.
355,669 
359,394 
Accrued income and prepayments
4,564 
14,864 
360,233 
384,068 
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J D Johnson Limited Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,477 
13,545 
VAT
5,165 
- 
Obligations under finance leases and hire purchase contracts
10,565 
21,417 
Trade creditors
475 
30,114 
Taxes and social security
86 
- 
Other creditors
890 
- 
Loans from directors
334,871 
326,414 
Accruals
1,941 
1,858 
373,470 
393,348 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
216,924 
242,333 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Patrick Johnson
(95,143)
(3,386)
- 
(98,529)
James Duncan Johnson
(231,271)
(30,219)
(25,148)
(236,342)
(326,414)
(33,605)
(25,148)
(334,871)
11
Transactions with related parties
At the year end, JD Johnson Investments Ltd, a company owned by Mr J D Johnson, had an outstanding balance owed to JD Johnson Ltd of £355,669 (2003: £359,394).
12
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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