REGISTERED NUMBER: 01768922 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

P. J. JOHNSON & COMPANY (TIMBER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Christopher Johnson

Paul Langley

SECRETARY:

Christopher Johnson

REGISTERED OFFICE:

Johnson House

Alpha Road off East Duck Lees Lane

Enfield

Middlesex

EN3 7SR

REGISTERED NUMBER:

01768922 (England and Wales)

ACCOUNTANTS:

Defries Weiss (Accountants) Limited

C/O Simmons Gainsford

14th Floor

33 Cavendish Square

London

W1G 0PW

FIXED ASSETS

Tangible assets

4

147,181

195,433

CURRENT ASSETS

Stocks

328,886

180,621

Debtors

5

303,087

695,718

Cash at bank

119,113

8,577

751,086

884,916

CREDITORS

Amounts falling due within one year

6

547,845

618,940

NET CURRENT ASSETS

203,241

265,976

TOTAL ASSETS LESS CURRENT LIABILITIES

350,422

461,409

CREDITORS

Amounts falling due after more than one year

7

(79,190

)

(116,982

)

PROVISIONS FOR LIABILITIES

(36,795

)

(15,577

)

NET ASSETS

234,437

328,850

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

234,332

328,745

SHAREHOLDERS' FUNDS

234,437

328,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 2 October 2025 and were signed on its behalf by:

Christopher Johnson - Director

1.	STATUTORY INFORMATION

P. J. Johnson and Company (Timber) 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 and value added tax.

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 vehicle

25% on reducing balance

Computer equipment

33.33% on reducing balance

Improvements to property

4 years on straight line

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and accounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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 commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs

Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Operating leases

Rentals payable under operating leases are charged to the profit and loss account on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

560,683

DEPRECIATION

At 1 March 2024

365,250

Charge for year

48,252

At 28 February 2025

413,502

NET BOOK VALUE

At 28 February 2025

147,181

At 29 February 2024

195,433

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

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

266,722

DEPRECIATION

At 1 March 2024

93,810

Charge for year

43,228

At 28 February 2025

137,038

NET BOOK VALUE

At 28 February 2025

129,684

At 29 February 2024

172,912

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

188,233

233,005

Other debtors

114,854

462,713

303,087

695,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

35,663

58,463

Trade creditors

197,317

200,248

Amounts owed to related parties

5,000

205,173

Taxation and social security

56,904

59,303

Other creditors

252,961

95,753

547,845

618,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

79,190

116,982

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

114,853

175,445

The hire purchase liability is secured on the related motor vehicles.

9.	FINANCIAL COMMITMENTS

At the balance sheet date, the company was committed to payments of £23,315 (2024: £42,815) in respect of a motor vehicle under leases expiring on 31 December 2025 and 23 April 2027 of which £19,500 (2024: £19,500) was due within one year.

10.	RELATED PARTY DISCLOSURES

Other creditors in note 6 include a loan of £162,033 (2024: £337,314 due from) due to the director, Christopher Johnson. This loan is governed at arm's length by a formal loan agreement, and interest was charged at 3% per annum on the amounts owed.