Registration number: NI070935

Johnny Windscreen's Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Johnny Windscreen's Ltd

Company Information

Directors

Mr Jonathan McFarland Mrs Gillian Anne McFarland

Registered office

17 Ashmenagh Road Omagh County Tyrone BT79 7PE

Solicitors

McConnell & Fyffe The Rectory Church Street Omagh Co Tyrone BT78 1DG

Accountants

Richard Clements & Co Chartered Certified AccountantsOmagh Business Complex Gortrush Industrial Estate Omagh Co. Tyrone BT78 5LU

Johnny Windscreen's Ltd

(Registration number: NI070935)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	50,580	99,515
Current assets
Stocks	5	23,585	23,200
Debtors	6	60,199	56,823
Cash at bank and in hand		575,326	627,594
		659,110	707,617
Creditors: Amounts falling due within one year	7	(56,960)	(100,818)
Net current assets		602,150	606,799
Total assets less current liabilities		652,730	706,314
Provisions for liabilities		(7,252)	(17,471)
Net assets		645,478	688,843
Capital and reserves
Called up share capital	8	100	100
Retained earnings		645,378	688,743
Shareholders' funds		645,478	688,843

For the financial year ending 31 December 2024 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 Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr Jonathan McFarland Director

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
17 Ashmenagh Road
Omagh
County Tyrone
BT79 7PE
Northern Ireland

These financial statements were authorised for issue by the Board on 30 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.

Going concern

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.

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.

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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 balance sheet 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
Fixtures and fittings	20% reducing balance
Motor vehicles	20% reducing balance
Buildings	10% straight line

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.

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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.

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.

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.

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

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 5 (2023 - 10).

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	16,520	28,031	11,500	135,915	191,966
Additions	-	231	2,150	25,312	27,693
Disposals	-	-	-	(85,257)	(85,257)
At 31 December 2024	16,520	28,262	13,650	75,970	134,402
Depreciation
At 1 January 2024	11,564	16,621	7,387	56,879	92,451
Charge for the year	1,652	2,310	1,043	8,181	13,186
Eliminated on disposal	-	-	-	(21,815)	(21,815)
At 31 December 2024	13,216	18,931	8,430	43,245	83,822
Carrying amount
At 31 December 2024	3,304	9,331	5,220	32,725	50,580
At 31 December 2023	4,956	11,410	4,113	79,036	99,515

Included within the net book value of land and buildings above is £3,304 (2023 - £4,956) in respect of short leasehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	23,585	23,200

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		47,059	71,906
Amounts owed by related parties	10	10,214	(16,741)
Prepayments		926	1,658
Other debtors		2,000	-
		60,199	56,823

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	16,797	26,238
Taxation and social security	30,131	68,039
Accruals and deferred income	5,689	3,781
Other creditors	4,343	2,760
	56,960	100,818

Creditors: amounts falling due after more than one year

2024 £

2023 £

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Johnny Windscreen's Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £600.00 (2023 - £780.00) per each Ordinary		60,000		78,000

10	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	25,139	25,140

Loans from related parties

2024	Key management £	Total £
At start of period	2,384	2,384
Advanced	1,734	1,734
At end of period	4,118	4,118

2023	Key management £	Total £
At start of period	1,021	1,021
Advanced	1,363	1,363
At end of period	2,384	2,384