REGISTERED NUMBER: 01872682 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

S.S. Johal and Sons Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs B K Johal

SECRETARY:

L Johal

REGISTERED OFFICE:

97-105 Monk Street

Derby

DE22 3QE

REGISTERED NUMBER:

01872682 (England and Wales)

ACCOUNTANTS:

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

FIXED ASSETS

Tangible assets

4

14,387

12,083

Investments

5

10,000

10,000

24,387

22,083

CURRENT ASSETS

Stocks

1,391,132

1,182,332

Debtors

6

132,116

68,156

Prepayments and accrued income

1,393

1,556

Cash at bank

-

101,948

1,524,641

1,353,992

CREDITORS

Amounts falling due within one year

7

866,370

679,985

NET CURRENT ASSETS

658,271

674,007

TOTAL ASSETS LESS CURRENT LIABILITIES

682,658

696,090

PROVISIONS FOR LIABILITIES

(3,597

)

(4,603

)

ACCRUALS AND DEFERRED INCOME

(1,860

)

(1,863

)

NET ASSETS

677,201

689,624

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

672,201

684,624

SHAREHOLDERS' FUNDS

677,201

689,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 7 August 2025 and were signed by:

Mrs B K Johal - Director

1.	STATUTORY INFORMATION

S.S. Johal and Sons 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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 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 statement of financial position date.

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.

Unlisted investments

Investments are valued at the current market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

9,158

82,763

9,000

4,219

105,140

Additions

4,400

-

-

1,023

5,423

Disposals

-

-

-

(1,666

)

(1,666

)

At 31 December 2024

13,558

82,763

9,000

3,576

108,897

DEPRECIATION

At 1 January 2024

4,005

80,870

4,781

3,401

93,057

Charge for year

1,388

284

1,055

392

3,119

Eliminated on disposal

-

-

-

(1,666

)

(1,666

)

At 31 December 2024

5,393

81,154

5,836

2,127

94,510

NET BOOK VALUE

At 31 December 2024

8,165

1,609

3,164

1,449

14,387

At 31 December 2023

5,153

1,893

4,219

818

12,083

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

10,000

At 31 December 2023

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

117,116

53,156

Other debtors

15,000

15,000

132,116

68,156

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

32,323

-

Trade creditors

178,847

126,635

Taxation and social security

124,988

175,312

Other creditors

530,212

378,038

866,370

679,985