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REGISTERED NUMBER: 01453014 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

David Johnson (Lutterworth) Limited

David Johnson (Lutterworth) Limited (Registered number: 01453014)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

David Johnson (Lutterworth) Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: F W Timson
Mrs E M Timson
M R Timson
A D Timson





SECRETARY: Mrs E M Timson





REGISTERED OFFICE: First Floor, The Old Chapel
9 Kempson Road
Leicester
LE2 8AN





REGISTERED NUMBER: 01453014 (England and Wales)





ACCOUNTANTS: Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN

David Johnson (Lutterworth) Limited (Registered number: 01453014)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,377 88,883

CURRENT ASSETS
Stocks 157,854 170,089
Debtors 5 228,046 307,885
Cash at bank and in hand 62,517 45,750
448,417 523,724
CREDITORS
Amounts falling due within one year 6 403,962 419,101
NET CURRENT ASSETS 44,455 104,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,832

193,506

CREDITORS
Amounts falling due after more than one year 7 (54,865 ) (48,563 )

PROVISIONS FOR LIABILITIES (29,331 ) (21,261 )
NET ASSETS 114,636 123,682

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Retained earnings 94,636 103,682
SHAREHOLDERS' FUNDS 114,636 123,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

David Johnson (Lutterworth) Limited (Registered number: 01453014)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:




M R Timson - Director



A D Timson - Director


David Johnson (Lutterworth) Limited (Registered number: 01453014)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

David Johnson (Lutterworth) 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

General information and basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The nature of the company's operations and principle activities are that of the supply of farming requisites and equipment..

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound (£).

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant, fixtures and equipment - 15% on reducing balance
Motor vehicles - 20% 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.


David Johnson (Lutterworth) Limited (Registered number: 01453014)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant,
Improvements fixtures
to and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2024 5,500 89,015 103,313 197,828
Additions - - 118,110 118,110
Disposals - - (48,618 ) (48,618 )
At 30 April 2025 5,500 89,015 172,805 267,320
DEPRECIATION
At 1 May 2024 5,499 54,653 48,793 108,945
Charge for year - 5,151 24,284 29,435
Eliminated on disposal - - (25,437 ) (25,437 )
At 30 April 2025 5,499 59,804 47,640 112,943
NET BOOK VALUE
At 30 April 2025 1 29,211 125,165 154,377
At 30 April 2024 1 34,362 54,520 88,883

David Johnson (Lutterworth) Limited (Registered number: 01453014)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2024 17,295
Additions 76,210
At 30 April 2025 93,505
DEPRECIATION
At 1 May 2024 2,459
Charge for year 15,669
At 30 April 2025 18,128
NET BOOK VALUE
At 30 April 2025 75,377
At 30 April 2024 14,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade debtors 218,126 298,237
Other debtors 9,920 9,648
228,046 307,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Bank loans and overdrafts - 14,981
Hire purchase contracts 16,347 3,931
Trade creditors 210,094 233,209
Taxation and social security 12,379 25,885
Other creditors 165,142 141,095
403,962 419,101

David Johnson (Lutterworth) Limited (Registered number: 01453014)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.25 30.4.24
£    £   
Bank loans - 3,352
Hire purchase contracts 14,865 5,211
Other creditors 40,000 40,000
54,865 48,563

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.25 30.4.24
£    £   
Bank overdraft - 2,981
Hire purchase contracts 31,212 9,142
31,212 12,123

The bank overdraft is secured by personal guarantees of the directors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.25 30.4.24
value: £    £   
20,000 Ordinary £1 20,000 20,000

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
David Johnson (Lutterworth) 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 David Johnson (Lutterworth) Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of David Johnson (Lutterworth) 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 David Johnson (Lutterworth) Limited and state those matters that we have agreed to state to the Board of Directors of David Johnson (Lutterworth) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that David Johnson (Lutterworth) 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 David Johnson (Lutterworth) Limited. You consider that David Johnson (Lutterworth) 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 David Johnson (Lutterworth) 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.






Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN


15 July 2025