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REGISTERED NUMBER: 00812351 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EDWARD JOHNSON (OTLEY) LIMITED

EDWARD JOHNSON (OTLEY) LIMITED (REGISTERED NUMBER: 00812351)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARD JOHNSON (OTLEY) LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr E S Johnson
Mrs J M Johnson
Mr A N Johnson





SECRETARY: Mr A N Johnson





REGISTERED OFFICE: Carr Bank Garage
Otley
West Yorkshire
LS21 2AE





REGISTERED NUMBER: 00812351 (England and Wales)





ACCOUNTANTS: Bannister Prentice Ltd
Beechbrooke
121 Northallerton Road
Northallerton
North Yorkshire
DL6 2PY

EDWARD JOHNSON (OTLEY) LIMITED (REGISTERED NUMBER: 00812351)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 37,559 26,346

CURRENT ASSETS
Stocks 422,312 543,542
Debtors 5 1,135 5,751
Cash at bank and in hand 282,824 109,822
706,271 659,115
CREDITORS
Amounts falling due within one year 6 185,737 163,959
NET CURRENT ASSETS 520,534 495,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,093

521,502

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 557,093 520,502
SHAREHOLDERS' FUNDS 558,093 521,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

EDWARD JOHNSON (OTLEY) LIMITED (REGISTERED NUMBER: 00812351)

BALANCE SHEET - continued
31 August 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 Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





Mr A N Johnson - Director


EDWARD JOHNSON (OTLEY) LIMITED (REGISTERED NUMBER: 00812351)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Edward Johnson (Otley) Limited 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.

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.

Turnover
Turnover 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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks 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.

Hire purchase and leasing commitments
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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EDWARD JOHNSON (OTLEY) LIMITED (REGISTERED NUMBER: 00812351)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 240,258 37,020 14,462 291,740
Additions 16,443 - 2,150 18,593
At 31 August 2024 256,701 37,020 16,612 310,333
DEPRECIATION
At 1 September 2023 220,396 34,136 10,862 265,394
Charge for year 5,510 433 1,437 7,380
At 31 August 2024 225,906 34,569 12,299 272,774
NET BOOK VALUE
At 31 August 2024 30,795 2,451 4,313 37,559
At 31 August 2023 19,862 2,884 3,600 26,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,135 5,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,016 859
Trade creditors 59,766 84,463
Taxation and social security 40,541 24,098
Other creditors 84,414 54,539
185,737 163,959