John Tanous Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00502636 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

JOHN TANOUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C F Wenstrom

Mrs T Wenstrom

SECRETARY:

Mrs T Wenstrom

REGISTERED OFFICE:

Unit 2, Valley Farm Estate

Reeds Lane

Sayers Common

Hassocks

West Sussex

BN6 9JQ

REGISTERED NUMBER:

00502636 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

61,206

70,060

CURRENT ASSETS

Stocks

5

30,816

14,748

Debtors

6

46,584

27,041

Cash at bank

59,290

22,769

136,690

64,558

CREDITORS

Amounts falling due within one year

7

70,069

77,481

NET CURRENT ASSETS/(LIABILITIES)

66,621

(12,923

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

127,827

57,137

CREDITORS

Amounts falling due after more than one
year

8

(4,416

)

(19,913

)

PROVISIONS FOR LIABILITIES

9

(12,454

)

(2,096

)

NET ASSETS

110,957

35,128

CAPITAL AND RESERVES

Called up share capital

72,004

Retained earnings

38,953

(36,876

)

110,957

35,128

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

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

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 28 August 2025 and were signed on its behalf by:

C F Wenstrom - Director

Mrs T Wenstrom - Director

1.	STATUTORY INFORMATION

John Tanous 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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

25% 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

10,094

58,064

78,290

5,143

151,591

Additions

-

4,778

-

4,778

At 31 March 2025

10,094

62,842

78,290

5,143

156,369

DEPRECIATION

At 1 April 2024

10,094

35,334

33,795

2,308

81,531

Charge for year

-

4,023

8,899

710

13,632

At 31 March 2025

10,094

39,357

42,694

3,018

95,163

NET BOOK VALUE

At 31 March 2025

-

23,485

35,596

2,125

61,206

At 31 March 2024

-

22,730

44,495

2,835

70,060

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

41,990

DEPRECIATION

At 1 April 2024

12,165

Charge for year

5,965

At 31 March 2025

18,130

NET BOOK VALUE

At 31 March 2025

23,860

At 31 March 2024

29,825

5.

STOCKS

2025

2024

£

Work-in-progress

30,816

14,748

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

36,561

4,658

Directors' loan accounts

3,761

4,787

Prepayments and accrued income

6,262

17,596

46,584

27,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Hire purchase contracts

5,498

Trade creditors

5,933

4,866

Tax

12,196

-

Social security and other taxes

7,045

6,343

VAT

23,210

6,049

Other creditors

1,627

2,366

Accruals and deferred income

4,560

42,359

70,069

77,481

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

1,667

11,667

Hire purchase contracts

2,749

8,246

4,416

19,913

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

12,454

2,096

Deferred

tax

£

Balance at 1 April 2024

2,096

Accelerated capital allowances

10,358

Balance at 31 March 2025

12,454

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C F Wenstrom.