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REGISTERED NUMBER: 02062273 (England and Wales)














Terry Johnson Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Terry Johnson Limited (Registered number: 02062273)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Terry Johnson Limited

Company Information
for the Year Ended 31 January 2025







Directors: E C Tong
T C Morgan





Secretary: T C Morgan





Registered office: Cranmore Lane
Holbeach
Spalding
Lincolnshire
PE12 7HT





Registered number: 02062273 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Terry Johnson Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Terry Johnson Limited for the year ended 31 January 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Terry Johnson Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Terry Johnson Limited and state those matters that we have agreed to state to the Board of Directors of Terry Johnson Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Terry Johnson Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Terry Johnson 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 Terry Johnson Limited. You consider that Terry Johnson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Terry Johnson 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


5 June 2025

Terry Johnson Limited (Registered number: 02062273)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 5 141,347 95,042
Investments 6 2 2
141,349 95,044

Current assets
Stocks 402,956 457,626
Debtors 7 241,875 160,915
Cash at bank and in hand 21,324 39,138
666,155 657,679
Creditors
Amounts falling due within one year 8 271,319 394,319
Net current assets 394,836 263,360
Total assets less current liabilities 536,185 358,404

Creditors
Amounts falling due after more than one
year

9

(32,984

)

-

Provisions for liabilities (27,459 ) (23,761 )
Net assets 475,742 334,643

Capital and reserves
Called up share capital 10 10,000 10,000
Retained earnings 465,742 324,643
Shareholders' funds 475,742 334,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Terry Johnson Limited (Registered number: 02062273)

Statement of Financial Position - continued
31 January 2025


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 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 5 June 2025 and were signed on its behalf by:




E C Tong - Director



T C Morgan - Director


Terry Johnson Limited (Registered number: 02062273)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. Statutory information

Terry Johnson 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.

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.

3. Accounting policies

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

Preparation of consolidated financial statements
The financial statements contain information about Terry Johnson Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Patterns - 10% on cost
Plant and machinery - 10% reducing balance/cost
Fixtures and office equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 statement of financial position date.


Terry Johnson Limited (Registered number: 02062273)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. Employees and directors

The average number of employees during the year was 18 (2024 - 17 ) .

5. Tangible fixed assets
Fixtures
Freehold Plant and & office
property machinery equipment
£    £    £   
Cost
At 1 February 2024 - 229,043 55,913
Additions 31,680 28,090 12,324
Disposals - (30,264 ) (7,010 )
At 31 January 2025 31,680 226,869 61,227
Depreciation
At 1 February 2024 - 178,481 24,653
Charge for year 528 14,120 6,711
Eliminated on disposal - (30,120 ) (5,851 )
At 31 January 2025 528 162,481 25,513
Net book value
At 31 January 2025 31,152 64,388 35,714
At 31 January 2024 - 50,562 31,260

Terry Johnson Limited (Registered number: 02062273)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. Tangible fixed assets - continued

Motor
vehicles Patterns Totals
£    £    £   
Cost
At 1 February 2024 34,193 10,555 329,704
Additions - 195 72,289
Disposals - - (37,274 )
At 31 January 2025 34,193 10,750 364,719
Depreciation
At 1 February 2024 25,404 6,124 234,662
Charge for year 2,197 1,125 24,681
Eliminated on disposal - - (35,971 )
At 31 January 2025 27,601 7,249 223,372
Net book value
At 31 January 2025 6,592 3,501 141,347
At 31 January 2024 8,789 4,431 95,042

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 February 2024
and 31 January 2025 2
Net book value
At 31 January 2025 2
At 31 January 2024 2

The above investment represents a 100% shareholding in Swift Lift Sales Limited, a dormant company which has never traded and is incorporated in England.

7. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 237,309 150,802
Prepayments 4,566 10,113
241,875 160,915

Terry Johnson Limited (Registered number: 02062273)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


8. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 141,861 130,843
Corporation tax 41,909 12,613
Social security and other taxes 13,580 10,054
VAT 32,650 32,812
Other loans 10,455 186,455
Other creditors 12,049 8,703
Hire Purchase Liabilities 9,727 -
Accruals and deferred income 9,088 12,839
271,319 394,319

9. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Hire Purchase Liabilities 32,984 -

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

11. Ultimate controlling party

The company is a wholly owned subsidiary of Tong Engineering Group Limited which, by way of his 100% shareholding, is controlled by E C Tong.