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REGISTERED NUMBER: 05434191 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Johns of Instow Ltd

Johns of Instow Ltd (Registered number: 05434191)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Johns of Instow Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs S J Johns
Mr A R Johns





SECRETARY: Mr A R Johns





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 05434191 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Johns of Instow Ltd (Registered number: 05434191)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 186,120 205,263
186,120 205,263

CURRENT ASSETS
Stocks 95,125 89,310
Debtors 13,816 34,370
Cash at bank and in hand 175,669 161,610
284,610 285,290
CREDITORS
Amounts falling due within one year 227,640 187,195
NET CURRENT ASSETS 56,970 98,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,090

303,358

PROVISIONS FOR LIABILITIES 43,486 49,991
NET ASSETS 199,604 253,367

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 199,504 253,267
SHAREHOLDERS' FUNDS 199,604 253,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Johns of Instow Ltd (Registered number: 05434191)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




Mr A R Johns - Director



Mrs S J Johns - Director


Johns of Instow Ltd (Registered number: 05434191)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Johns of Instow Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of either 10 or 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.


Johns of Instow Ltd (Registered number: 05434191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 makes contributions to a defined contribution scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 40 ) .

Johns of Instow Ltd (Registered number: 05434191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 190,427
AMORTISATION
At 1 May 2023
and 30 April 2024 190,427
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 542,293
Additions 17,454
Disposals (2,699 )
At 30 April 2024 557,048
DEPRECIATION
At 1 May 2023 337,030
Charge for year 34,910
Eliminated on disposal (1,012 )
At 30 April 2024 370,928
NET BOOK VALUE
At 30 April 2024 186,120
At 30 April 2023 205,263


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 78,170 78,170
Between one and five years 118,171 171,608
In more than five years - 22,416
196,341 272,194

Johns of Instow Ltd (Registered number: 05434191)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A R Johns and Mrs S J Johns
Balance outstanding at start of year - -
Amounts advanced 20,098 19,184
Amounts repaid (20,098 ) (19,184 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The maximum overdrawn balance during the year was £16,772 and the maximum overdrawn balance for any individual director during the year was £8,386.

The loan was interest free and had no fixed date for repayment.