D.J. JOHNSON & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
Company Registration Number: 04390808
D.J. JOHNSON & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 10
D.J. JOHNSON & SONS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025
DIRECTORS
D J Johnson
A D Johnson
M L Johnson
SECRETARY
A D Johnson
REGISTERED OFFICE
Station Road Garage
Shipton Under Wychwood
Chipping Norton
Oxon
OX7 6BQ
COMPANY REGISTRATION NUMBER
04390808 England and Wales
D.J. JOHNSON & SONS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
Notes 2025 2024
£ £
FIXED ASSETS
Tangible assets 6 602,135 595,143
CURRENT ASSETS
Stock 50,474 36,574
Debtors 7 147,919 70,220
Cash at bank and in hand 540,794 454,315
739,187 561,109
CREDITORS: Amounts falling due within one year 8 323,851 308,803
NET CURRENT ASSETS 415,336 252,306
TOTAL ASSETS LESS CURRENT LIABILITIES 1,017,471 847,449
Provisions for liabilities and charges 14,316 12,372
NET ASSETS 1,003,155 835,077
CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Distributable profit and loss account 973,155 805,077
SHAREHOLDERS' FUNDS 1,003,155 835,077
D.J. JOHNSON & SONS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
D J Johnson
Director
Date approved by the board: 29 October 2025
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
1 GENERAL INFORMATION
D.J. Johnson & Sons Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Station Road Garage
Shipton Under Wychwood
Chipping Norton
Oxon
OX7 6BQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable and represents the sale of petroleum, diesel and other goods, stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Intangible fixed assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.
Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 20 years.
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Freehold property improvements 10% reducing balance
Furniture, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Land and buildings Not depreciated
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
The land and building category is solely made up of freehold land owned by the company. Therefore not depreciated as it has an indefinite life.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Stock
Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.
The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using 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.
Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2025 2024
Average number of employees 5 6
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
5 INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 February 2024 90,000
At 31 January 2025 90,000
Accumulated amortisation
At 1 February 2024 90,000
At 31 January 2025 90,000
Net book value
At 1 February 2024 -
At 31 January 2025 -
6 TANGIBLE ASSETS
Freehold property improvements Furniture, fittings, tools and equipment Motor vehicles Land and buildings Total
£ £ £ £ £
Cost
At 1 February 2024 27,158 171,313 23,940 542,728 765,139
Additions - 140 23,990 - 24,130
Disposals - - (9,780) - (9,780)
At 31 January 2025 27,158 171,453 38,150 542,728 779,489
Accumulated depreciation
At 1 February 2024 22,459 130,299 17,238 - 169,996
Charge for year 470 10,259 5,430 - 16,159
Disposals - - (8,801) - (8,801)
At 31 January 2025 22,929 140,558 13,867 - 177,354
Net book value
At 1 February 2024 4,699 41,014 6,702 542,728 595,143
At 31 January 2025 4,229 30,895 24,283 542,728 602,135
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
7 DEBTORS
2025 2024
£ £
Trade debtors 34,522 37,516
Prepayments and accrued income 2,343 1,253
Other debtors 111,054 31,451
147,919 70,220
8 CREDITORS: Amounts falling due within one year
2025 2024
£ £
Trade creditors 97,556 69,413
Taxation and social security 100,218 110,475
Accruals and deferred income 19,067 7,902
Other creditors 107,010 121,013
323,851 308,803
9 SECURED DEBTS
The company has a debenture loan with National Westminster Bank PLC which has registered fixed and floating charges over the assets of the company dated 9 July 2002.
10 DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The following director's advances, credits and guarantees took place during the year:
Balance at 1 February 2024 Amounts advanced Amounts repaid Balance at 31 January 2025
£ £ £ £
D J Johnson 5,120 114,733 36,216 83,637
Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.
D.J. JOHNSON & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
11 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
D J Johnson
Director 2025 2024
£ £
Advances from the company The director had made advances from the company which are repayable on demand. Interest has been charged on the balance. At the year end, the director owed the company the following amount: 83,637 5,120
M L Johnson
Director 2025 2024
£ £
Advances to the company The director had made advances to the company which are repayable on demand. Interest has not been charged on the balance. At the year end, the company owed the director the following amount: 43,093 54,125
A D Johnson
Director 2025 2024
£ £
Advances to the company The director had made advances to the company which are repayable on demand. Interest has not been charged on the balance. At the year end, the company owed the director the following amount: 63,917 58,175
D.J. Johnson & Sons Limited 04390808 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts (tagged by user) July 2024 true No description of principal activity 04390808 2023-02-01 2024-01-31 04390808 core:WithinOneYear 2024-01-31 04390808 core:ShareCapital 2024-01-31 04390808 core:RetainedEarningsAccumulatedLosses 2024-01-31 04390808 core:CurrentFinancialInstruments 2024-01-31 04390808 core:KeyManagementIndividualGroup1 2024-01-31 04390808 core:KeyManagementIndividualGroup2 2024-01-31 04390808 core:KeyManagementIndividualGroup3 2024-01-31 04390808 2024-02-01 2025-01-31 04390808 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04390808 bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04390808 bus:Director1 2024-02-01 2025-01-31 04390808 bus:Director2 2024-02-01 2025-01-31 04390808 bus:Director3 2024-02-01 2025-01-31 04390808 bus:CompanySecretary1 2024-02-01 2025-01-31 04390808 bus:RegisteredOffice 2024-02-01 2025-01-31 04390808 core:LeaseholdImprovements 2024-02-01 2025-01-31 04390808 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 04390808 core:MotorVehicles 2024-02-01 2025-01-31 04390808 core:LandBuildings 2024-02-01 2025-01-31 04390808 1 2024-02-01 2025-01-31 04390808 core:KeyManagementIndividualGroup1 2024-02-01 2025-01-31 04390808 core:KeyManagementIndividualGroup2 2024-02-01 2025-01-31 04390808 core:KeyManagementIndividualGroup3 2024-02-01 2025-01-31 04390808 bus:FRS102 2024-02-01 2025-01-31 04390808 bus:FilletedAccounts 2024-02-01 2025-01-31 04390808 2025-01-31 04390808 core:WithinOneYear 2025-01-31 04390808 core:ShareCapital 2025-01-31 04390808 core:RetainedEarningsAccumulatedLosses 2025-01-31 04390808 core:Goodwill 2025-01-31 04390808 core:LeaseholdImprovements 2025-01-31 04390808 core:FurnitureFittingsToolsEquipment 2025-01-31 04390808 core:MotorVehicles 2025-01-31 04390808 core:LandBuildings 2025-01-31 04390808 core:CurrentFinancialInstruments 2025-01-31 04390808 bus:Director1 2025-01-31 04390808 core:KeyManagementIndividualGroup1 2025-01-31 04390808 core:KeyManagementIndividualGroup2 2025-01-31 04390808 core:KeyManagementIndividualGroup3 2025-01-31 04390808 2024-01-31 04390808 core:Goodwill 2024-01-31 04390808 core:LeaseholdImprovements 2024-01-31 04390808 core:FurnitureFittingsToolsEquipment 2024-01-31 04390808 core:MotorVehicles 2024-01-31 04390808 core:LandBuildings 2024-01-31 04390808 bus:Director1 2024-01-31 iso4217:GBP xbrli:pure