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Registered number: 07944282









DENNIS JOHNS SERVICE GROUP LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
COMPANY INFORMATION


Directors
T Whiley 
K Adams 
P Andrews 
I Morgan 




Registered number
07944282



Registered office
Unit A2 Leyton Industrial Village
Argall Avenue

London

E10 7QP




Accountants
Barnes Roffe LLP
Chartered Accountants

Leytonstone House

Leytonstone

London

E11 1GA





 
DENNIS JOHNS SERVICE GROUP LIMITED
 

CONTENTS



Page
Directors' report
 
1
Accountants' report
 
2
Statement of comprehensive income
 
3
Balance sheet
 
4 - 5
Statement of changes in equity
 
6
Notes to the financial statements
 
7 - 14


 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors

The directors who served during the year were:

T Whiley 
K Adams 
P Andrews (appointed 15 May 2023)
I Morgan (appointed 15 May 2023)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 31 January 2025 and signed on its behalf.
 





K Adams
Director

Page 1

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DENNIS JOHNS SERVICE GROUP LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dennis Johns Service Group Limited for the year ended 30 April 2024 which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Dennis Johns Service Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Dennis Johns Service Group Limited and state those matters that we have agreed to state to the Board of directors of Dennis Johns Service Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dennis Johns Service Group Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Dennis Johns Service Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dennis Johns Service Group Limited. You consider that Dennis Johns Service Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Dennis Johns Service Group 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 financial statements.

  



Barnes Roffe LLP
Chartered Accountants
Leytonstone House
Leytonstone
London
E11 1GA
31 January 2025
Page 2

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024
2023
£
£

  

Turnover
  
10,820,308
8,581,162

Cost of sales
  
(8,120,036)
(6,460,032)

Gross profit
  
2,700,272
2,121,130

Administrative expenses
  
(1,463,126)
(1,010,711)

Operating profit
  
1,237,146
1,110,419

Interest receivable and similar income
  
14,431
536

Interest payable and similar charges
  
(14,884)
(1,627)

Profit before tax
  
1,236,693
1,109,328

Tax on profit
  
(330,554)
(245,956)

Profit for the financial year
  
906,139
863,372

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 7 to 14 form part of these financial statements.

Page 3

 
DENNIS JOHNS SERVICE GROUP LIMITED
REGISTERED NUMBER: 07944282

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
482,388
185,347

Current assets
  

Debtors: amounts falling due within one year
 5 
1,905,244
1,943,950

Cash at bank and in hand
  
2,073,988
1,855,864

  
3,979,232
3,799,814

Creditors: amounts falling due within one year
 6 
(3,934,974)
(3,669,891)

Net current assets
  
 
 
44,258
 
 
129,923

Total assets less current liabilities
  
526,646
315,270

Creditors: amounts falling due after more than one year
 7 
(143,679)
(125,833)

Provisions for liabilities
  

Deferred tax
  
(60,271)
(42,408)

Net assets
  
322,696
147,029


Capital and reserves
  

Called up share capital 
 11 
652
752

Share premium account
  
83,881
83,881

Capital redemption reserve
  
452
352

Profit and loss account
  
237,711
62,044

  
322,696
147,029


Page 4

 
DENNIS JOHNS SERVICE GROUP LIMITED
REGISTERED NUMBER: 07944282
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




K Adams
Director

The notes on pages 7 to 14 form part of these financial statements.

Page 5

 
DENNIS JOHNS SERVICE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 May 2023
752
83,881
352
62,044
147,029



Profit for the year
-
-
-
906,139
906,139

Dividends: Equity capital
-
-
-
(730,472)
(730,472)

Purchase of own shares
-
-
100
-
100

Shares cancelled during the year
(100)
-
-
-
(100)


At 30 April 2024
652
83,881
452
237,711
322,696


The notes on pages 7 to 14 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 May 2022
1,002
83,881
102
1,023,407
1,108,392



Profit for the year
-
-
-
863,372
863,372

Dividends: Equity capital
-
-
-
(724,735)
(724,735)

Purchase of own shares
-
-
250
(1,100,000)
(1,099,750)

Shares cancelled during the year
(250)
-
-
-
(250)


At 30 April 2023
752
83,881
352
62,044
147,029


The notes on pages 7 to 14 form part of these financial statements.

Page 6

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Dennis Johns Service Group Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit A2 Leyton Industrial Village, Argall Avenue, London, E10 7QP. The principal activity of the company during the year was that of electrical installations. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 7

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following annual bases:

Leasehold improvements
-
Over term of lease
Motor vehicles
-
25%
Fixtures, fittings and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

  
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortise cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the discounted amount of the cash or other consideration expected to be paid or received

Page 8

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short term creditors are measured at the transaction price. 

 
2.10

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 9

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2023 - 39).

Page 10

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Leasehold improvements
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£



Cost


At 1 May 2023
46,682
230,221
134,579
411,482


Additions
105,161
259,587
42,919
407,667



At 30 April 2024

151,843
489,808
177,498
819,149



Depreciation


At 1 May 2023
31,122
114,121
80,892
226,135


Charge for the year on owned assets
16,501
21,447
16,985
54,933


Charge for the year on financed assets
-
55,693
-
55,693



At 30 April 2024

47,623
191,261
97,877
336,761



Net book value



At 30 April 2024
104,220
298,547
79,621
482,388



At 30 April 2023
15,560
116,100
53,687
185,347

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
210,821
25,521

Page 11

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors: Amounts falling due within one year

2024
2023
£
£


Trade debtors
982,934
1,068,368

Amounts owed by connected entities
237,334
348,334

Other debtors
26,552
34,120

Prepayments and accrued income
658,424
493,128

1,905,244
1,943,950



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
100,000
300,000

Trade creditors
1,754,232
1,742,595

Corporation tax
312,691
228,120

Other taxation and social security
313,754
313,923

Obligations under finance lease and hire purchase contracts
38,213
7,804

Other creditors
25,396
27,843

Accruals and deferred income
1,380,688
1,039,606

3,934,974
3,669,891



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,833
25,833

Other loans
-
100,000

Net obligations under finance leases and hire purchase contracts
127,846
-

143,679
125,833


Secured loans
Net obligations under hire purchase contracts are secured on the assets to which they relate.

Page 12

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
52,441
7,804


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
100,000
300,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Other loans
-
100,000

Amounts falling due 2-5 years

Bank loans
5,833
15,833


125,833
435,833



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(42,408)
(24,572)


Charged to profit or loss
(17,863)
(17,836)



At end of year
(60,271)
(42,408)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(60,271)
(42,408)

Page 13

 
DENNIS JOHNS SERVICE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



400 (2023 - 400) Ordinary 'A' shares of £1.00 each
400
400
100 (2023 - 100) Ordinary 'B' shares of £1.00 each
100
100
150 (2023 - 150) Ordinary 'D' shares of £1.00 each
150
150
0 (2023 - 100) Ordinary 'F' shares of £1.00 each
-
100
1 (2023 - 1) Non Equity 'G' share of £1.00
1
1
1 (2023 - 1) Non Equity 'I' share of £1.00
1
1

652

752

During the year, the Company bought back 100 Ordinary 'F' shares of £1 each at par.



12.


Pension commitments

The Company operates a defined contribution pension scheme. The net assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £17,534 (2023 - £33,299). Contributions payable to the fund at the balance sheet date £12,455 (2023 - £6,822).


13.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
33,333
50,000

Later than 1 year and not later than 5 years
-
33,333

33,333
83,333


14.


Related party transactions

As at 30 April 2024 the directors owed the Company £2,454 (2023 - £21,021 owed by the Company to the directors).

 
Page 14