John Arnold Commercials Northampton Limi - Accounts to registrar (filleted)

REGISTERED NUMBER: 12297374 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

John Arnold Commercials Northampton

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Miss S Arnold

Miss H Arnold

J Arnold

REGISTERED OFFICE:

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

REGISTERED NUMBER:

12297374 (England and Wales)

AUDITORS:

Johal & Company (Statutory Auditor)

Chartered Certified Accountants

& Registered Auditors

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Intangible assets

4

444,444

477,778

Tangible assets

5

252,945

267,663

697,389

745,441

CURRENT ASSETS

Stocks

421,397

361,205

Debtors

6

684,662

544,157

Cash at bank

578,292

324,413

1,684,351

1,229,775

CREDITORS

Amounts falling due within one year

7

620,762

929,747

NET CURRENT ASSETS

1,063,589

300,028

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,760,978

1,045,469

CREDITORS

Amounts falling due after more than one

year

8

(1,252,272

)

(903,322

)

PROVISIONS FOR LIABILITIES

(55,808

)

-

NET ASSETS

452,898

142,147

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

452,896

142,145

SHAREHOLDERS' FUNDS

452,898

142,147

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 26 September 2025 and were signed on its behalf by:

J Arnold - Director

1.	STATUTORY INFORMATION

John Arnold Commercials Northampton 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.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

In the previous accounting period, the directors of the company took advantage of audit exemption under s477 of the Companies Act. Therefore, the prior period financial statements were not subject to audit.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes from rendering of services and sale of goods.

Turnover in respect of services is recognised when the service has actually been generated or earned, irrespective of when payment is actually received.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulation amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 15 years.

Tangible fixed assets

Tangible fixed assets are held at cost less accumulated deprecation and any impairment losses.

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.

Short leasehold - Straight line over 20 years

Plant and machinery - 10% on cost

Fixtures and fittings - 25% on cost

Motor vehicles - 25% on cost

Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial asset or liabilities.

Short term debtors are measured at transaction price, less impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less anyimpairment.

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

500,000

AMORTISATION

At 1 January 2024

22,222

Amortisation for year

33,334

At 31 December 2024

55,556

NET BOOK VALUE

At 31 December 2024

444,444

At 31 December 2023

477,778

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

225,033

38,000

27,532

290,565

Additions

17,270

6,150

4,841

28,261

At 31 December 2024

242,303

44,150

32,373

318,826

DEPRECIATION

At 1 January 2024

14,164

5,067

3,671

22,902

Charge for year

23,173

10,152

9,654

42,979

At 31 December 2024

37,337

15,219

13,325

65,881

NET BOOK VALUE

At 31 December 2024

204,966

28,931

19,048

252,945

At 31 December 2023

210,869

32,933

23,861

267,663

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

525,600

456,687

Other debtors

159,062

87,470

684,662

544,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

346,250

392,872

Taxation and social security

262,512

159,875

Other creditors

12,000

377,000

620,762

929,747

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

1,252,272

903,322

9.	LEASING AGREEMENTS

Minimum non-cancellable operating lease payments falling due are £817,626 (2023: £1,045,824).

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jasvinder Singh Sagoo (Senior Statutory Auditor)

for and on behalf of Johal & Company UK Limited (Statutory Auditor)

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE PARENT COMPANY

The company's parent undertaking is John Arnold Commercials Limited. This is the smallest group in which the company is consolidated into group financial statements. John Arnold Commercials Limited is a private limited company, incorporated in England and Wales with registered offices at Spectrum House, 2b Suttons Lane, Hornchurch, Essex, RM12 6RJ.