Registration number: 03815414

Paul Johnson Motor Services Ltd.

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 7

Paul Johnson Motor Services Ltd.

Company Information

Directors

Mr PD Johnson Mrs T Johnson

Company secretary

Mrs T Johnson

Registered office

19 King Street King's Lynn Norfolk PE30 1HB

Accountants

Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

Paul Johnson Motor Services Ltd.

(Registration number: 03815414)
Statement of financial position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	26,268	28,310
Current assets
Stocks	5	45,434	38,402
Debtors	6	39,627	52,520
Cash at bank and in hand		190,658	219,945
		275,719	310,867
Creditors: Amounts falling due within one year	7	(62,888)	(72,797)
Net current assets		212,831	238,070
Total assets less current liabilities		239,099	266,380
Provisions for liabilities		(1,255)	(873)
Net assets		237,844	265,507
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		236,844	264,507
Shareholders' funds		237,844	265,507

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Statement of comprehensive income.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:
 

......................................... Mrs T Johnson Company secretary and director

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 9 September 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 sale of goods and 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.

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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
Motor Vehicles	25% Reducing Balance
Office Equipment	25% Reducing Balance
Plant and Machinery	25% Reducing Balance
Alarm System	Fully depreciated
Freehold land and buildings	No depreciation calculated
Sundry Tools	Not depreciated

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.

Trade debtors

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

Trade 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. 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.

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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

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 10 (2024 - 12).

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Land and buildings £	Sundry Tools  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 August 2024	15,000	5,156	24,855	37,391
At 31 July 2025	15,000	5,156	24,855	37,391
Depreciation
At 1 August 2024	-	-	23,851	34,222
Charge for the year	-	-	254	793
At 31 July 2025	-	-	24,105	35,015
Carrying amount
At 31 July 2025	15,000	5,156	750	2,376
At 31 July 2024	15,000	5,156	1,004	3,169

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	440	35,406	118,248
At 31 July 2025	440	35,406	118,248
Depreciation
At 1 August 2024	440	31,425	89,938
Charge for the year	-	995	2,042
At 31 July 2025	440	32,420	91,980
Carrying amount
At 31 July 2025	-	2,986	26,268
At 31 July 2024	-	3,981	28,310

5

Stocks

	2025 £	2024 £
Closing stock	45,434	38,402

6

Debtors

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current	2025 £	2024 £
Trade debtors	19,113	31,594
Prepayments	1,442	1,665
Other debtors	19,072	19,261
	39,627	52,520

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		22,096	24,710
Amounts due to related parties		68	10
Social security and other taxes		28,539	26,601
Outstanding defined contribution pension costs		177	211
Other payables		203	699
Accruals		3,954	5,255
Tax liability		7,851	15,311
		62,888	72,797

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.