Johnstone Kemp Tooley Ltd 3086620 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of a Practising Firm of Chartered Certified Accountants. Digita Accounts Production Advanced 6.30.9574.0 true true 3086620 2023-09-01 2024-08-31 3086620 2024-08-31 3086620 bus:OrdinaryShareClass1 bus:OtherShareType 2024-08-31 3086620 core:CurrentFinancialInstruments 2024-08-31 3086620 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 3086620 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 3086620 core:Goodwill 2024-08-31 3086620 core:FurnitureFittingsToolsEquipment 2024-08-31 3086620 core:LandBuildings 2024-08-31 3086620 bus:SmallEntities 2023-09-01 2024-08-31 3086620 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 3086620 bus:FilletedAccounts 2023-09-01 2024-08-31 3086620 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 3086620 bus:RegisteredOffice 2023-09-01 2024-08-31 3086620 bus:Director2 2023-09-01 2024-08-31 3086620 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-01 2024-08-31 3086620 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 3086620 core:Goodwill 2023-09-01 2024-08-31 3086620 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 3086620 core:LandBuildings 2023-09-01 2024-08-31 3086620 core:LeaseholdImprovements 2023-09-01 2024-08-31 3086620 1 2023-09-01 2024-08-31 3086620 countries:EnglandWales 2023-09-01 2024-08-31 3086620 2023-08-31 3086620 core:Goodwill 2023-08-31 3086620 core:FurnitureFittingsToolsEquipment 2023-08-31 3086620 core:LandBuildings 2023-08-31 3086620 2022-09-01 2023-08-31 3086620 2023-08-31 3086620 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-31 3086620 core:CurrentFinancialInstruments 2023-08-31 3086620 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 3086620 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 3086620 core:Goodwill 2023-08-31 3086620 core:FurnitureFittingsToolsEquipment 2023-08-31 3086620 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Johnstone Kemp Tooley Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

Registration number: 3086620

 

Johnstone Kemp Tooley Ltd

Contents

Statement of financial position

1 to 2

Notes to the Financial Statements

3 to 7

 

Johnstone Kemp Tooley Ltd

(Registration number: 3086620)
Statement of financial position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

12,606

16,066

Tangible assets

5

4,617

6,154

 

17,223

22,220

Current assets

 

Debtors

6

644,738

547,937

Cash at bank and in hand

 

82,543

83,829

 

727,281

631,766

Creditors: Amounts falling due within one year

7

(437,896)

(320,778)

Net current assets

 

289,385

310,988

Total assets less current liabilities

 

306,608

333,208

Creditors: Amounts falling due after more than one year

7

(36,977)

(73,290)

Provisions for liabilities

(1,154)

(1,539)

Net assets

 

268,477

258,379

Capital and reserves

 

Called up share capital

8

1,000

1,000

Share premium reserve

49,000

49,000

Retained earnings

218,477

208,379

Shareholders' funds

 

268,477

258,379

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Johnstone Kemp Tooley Ltd

(Registration number: 3086620)
Statement of financial position as at 31 August 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mr P Kemp
Director

 

Johnstone Kemp Tooley Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Johnstone Kemp Tooley Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

Straight line over term of lease

Fittings fixtures and equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Johnstone Kemp Tooley Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 16).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

152,715

152,715

At 31 August 2024

152,715

152,715

Amortisation

At 1 September 2023

136,649

136,649

Amortisation charge

3,460

3,460

At 31 August 2024

140,109

140,109

Carrying amount

At 31 August 2024

12,606

12,606

At 31 August 2023

16,066

16,066

 

Johnstone Kemp Tooley Ltd

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

5

Tangible assets

Short leasehold property
£

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

6,571

170,591

177,162

At 31 August 2024

6,571

170,591

177,162

Depreciation

At 1 September 2023

6,571

164,437

171,008

Charge for the year

-

1,537

1,537

At 31 August 2024

6,571

165,974

172,545

Carrying amount

At 31 August 2024

-

4,617

4,617

At 31 August 2023

-

6,154

6,154

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

348,872

168,013

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

18,862

Prepayments

 

4,390

9,126

Other debtors

 

291,476

351,936

 

644,738

547,937

 

Johnstone Kemp Tooley Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

36,000

36,000

Trade creditors

 

21,600

8,634

Amounts owed to group undertakings and undertakings in which the company has a participating interest

40,138

-

Taxation and social security

 

275,357

207,576

Accruals and deferred income

 

45,699

46,966

Other creditors

 

19,102

21,602

 

437,896

320,778

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

36,977

73,290

The bank loan and overdraft are secured by a fixed and floating charge over the company's assets, together with personal guarantees from the directors.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

9

Parent and ultimate parent undertaking

The company's immediate parent is Johnstone Kemp Tooley (Holdings) Ltd, incorporated in England.