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Company registration number: 02774144

Johnson Elevanja Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 October 2024

 

Johnson Elevanja Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 7

 

Johnson Elevanja Limited

(Registration number: 02774144)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,699

194

Current assets

 

Stocks

5

107,139

102,791

Debtors

6

487,667

241,969

Cash at bank and in hand

 

322,913

422,876

 

917,719

767,636

Creditors: Amounts falling due within one year

7

(223,217)

(163,030)

Net current assets

 

694,502

604,606

Total assets less current liabilities

 

697,201

604,800

Provisions for liabilities

 

Deferred tax liabilities

 

(29)

(29)

Net assets

 

697,172

604,771

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

697,170

604,769

Total equity

 

697,172

604,771

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 17 July 2025 and signed on its behalf by:
 


D Johnson
Director

   
 

Johnson Elevanja Limited

Notes to the Financial Statements
for the Year Ended 31 October 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:
Bath Road
Bridgwater
Somerset
TA6 4YQ

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.

These financial statements are presented in Sterling (£).

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Johnson Elevanja Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, 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 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.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

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

Depreciation of tangible assets

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

Fixtures and Fittings

25% reducing balance

Motor Vehicles

25% reducing balance

Equipment

25% reducing balance

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Johnson Elevanja Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Work in progress is valued by reference to their stage of completion, overall order value and the expected margin to be achieved. The cost of work in progress and finished goods comprises direct materials and, where applicable, direct labour costs and those overheads incurred in bringing the stocks to their present location and condition.

If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Profit and loss account includes all current and prior period profits and losses.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 

Johnson Elevanja Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 14 (2023 - 10).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

21,059

10,675

31,734

Additions

3,408

-

3,408

Disposals

(60)

-

(60)

At 31 October 2024

24,407

10,675

35,082

Depreciation

At 1 November 2023

20,876

10,604

31,480

Charge for the year

885

18

903

At 31 October 2024

21,761

10,622

32,383

Carrying amount

At 31 October 2024

2,646

53

2,699

At 31 October 2023

123

71

194

5

Stocks

2024
£

2023
£

Raw materials and consumables

73,220

68,628

Work in progress

33,919

34,163

107,139

102,791

 

Johnson Elevanja Limited

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

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

304,364

185,361

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

9

168,146

29,997

Prepayments

 

15,157

17,751

Other debtors

 

-

8,860

   

487,667

241,969

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

33,643

40,365

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

9

60,350

-

Taxation and social security

 

85,783

32,591

Accruals and deferred income

 

43,441

50,387

Other creditors

 

-

39,687

 

223,217

163,030

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £61,125 (2023 - £41,300).

9

Related party transactions

Summary of transactions with parent


The company has taken advantage of the exemption in FRS102 paragraph 33.1A from disclosing transactions and balances with it's parent company on the grounds it is a wholly owned subsidiary.

 

Johnson Elevanja Limited

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

10

Parent and ultimate parent undertaking

The company's immediate parent is Manufax Holdings Limited, incorporated in England.

 The ultimate parent is Manufax Holdings Inc, incorporated in Canada.

 The most senior parent entity producing publicly available financial statements is Manufax Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff

 

11

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 25 July 2025 was Matthew Chandler FCA, who signed for and on behalf of Albert Goodman LLP.