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REGISTERED NUMBER: SC111597 (Scotland)















Financial Statements for the Year Ended 31 July 2024

for

Howard-Johnston Limited

Howard-Johnston Limited (Registered number: SC111597)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Howard-Johnston Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Peter Phillip Dawyck Howard-Johnston





SECRETARY: Mr Gerard Gregory Hunt





REGISTERED OFFICE: 92-94 Ferry Road
Edinburgh
EH6 4AH





REGISTERED NUMBER: SC111597 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Howard-Johnston Limited (Registered number: SC111597)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 299 548
Investments 5 204,650 190,131
204,949 190,679

CURRENT ASSETS
Inventories 295,549 324,577
Debtors 6 49,480 62,211
Cash at bank 468,279 396,260
813,308 783,048
CREDITORS
Amounts falling due within one year 7 44,620 54,773
NET CURRENT ASSETS 768,688 728,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,637

918,954

CREDITORS
Amounts falling due after more than one
year

8

(8,330

)

(17,228

)

PROVISIONS FOR LIABILITIES (1,322 ) -
NET ASSETS 963,985 901,726

CAPITAL AND RESERVES
Called up share capital 112 112
Revaluation reserve 14,223 -
Retained earnings 949,650 901,614
SHAREHOLDERS' FUNDS 963,985 901,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Howard-Johnston Limited (Registered number: SC111597)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 31 March 2025 and were signed by:





Mr Peter Phillip Dawyck Howard-Johnston - Director


Howard-Johnston Limited (Registered number: SC111597)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Howard-Johnston Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2023 - 2 ) .

Howard-Johnston Limited (Registered number: SC111597)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 748
DEPRECIATION
At 1 August 2023 200
Charge for year 249
At 31 July 2024 449
NET BOOK VALUE
At 31 July 2024 299
At 31 July 2023 548

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2023 190,131
Additions 38,366
Disposals (44,605 )
Revaluations 20,758
At 31 July 2024 204,650
NET BOOK VALUE
At 31 July 2024 204,650
At 31 July 2023 190,131

Cost or valuation at 31 July 2024 is represented by:

Other
investments
£   
Valuation in 2023 15,545
Cost 189,105
204,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 37,725 47,453
Other debtors 11,755 14,758
49,480 62,211

Howard-Johnston Limited (Registered number: SC111597)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 10,000 11,102
Trade creditors 14,376 5,685
Taxation and social security 9,557 441
Other creditors 10,687 37,545
44,620 54,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 8,330 17,228

9. SECURED DEBTS

The Bank of Scotland has a bond and floating charge over the assets of the company.