Geo. Johnson (Metals) Ltd - Filleted accounts

Registered number

04946927

Geo. Johnson (Metals) Ltd

Unaudited Filleted Accounts

31 March 2025

Geo. Johnson (Metals) Ltd
Registered number:		04946927
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			-
Tangible assets	4		243,966			422,112
Investments	6		-			-
			243,966			422,112

Current assets
Stocks		395,200			422,838
Debtors	5	573,373			275,647
Investments held as current assets	6	-			-
Cash at bank and in hand		566,909			506,251
		1,535,482			1,204,736

Creditors: amounts falling due within one year	6	(618,354)			(470,753)

Net current assets			917,128			733,983

Total assets less current liabilities			1,161,094			1,156,095

Creditors: amounts falling due after more than one year	7		-			-

Provisions for liabilities			(245,995)			(257,770)


Net assets			915,099			898,325

Capital and reserves
Called up share capital			50			50
Share premium			-			-
Revaluation reserve	12		-			-
Profit and loss account			915,049			898,275

Shareholders' funds			915,099			898,325

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Glenn Johnson
Director
Approved by the board on 27 October 2025

Geo. Johnson (Metals) Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			15%-25% residual balance
	Fixtures, fittings, tools and equipment			15% residual balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		8


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							30,000
	Additions							-
	Disposals							-
	At 31 March 2025							30,000

	Amortisation
	At 1 April 2024							30,000
	Provided during the year							-
	On disposals							-
	At 31 March 2025							30,000

	Net book value
	At 31 March 2025							-
	At 31 March 2024							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Equipment, Fixtures & Fittings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	103,467		1,384,305		626,807		2,114,579
	Additions	-		3,142		41,405		44,547
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		(37,500)		(37,500)
	At 31 March 2025	103,467		1,387,447		630,712		2,121,626

	Depreciation
	At 1 April 2024	52,282		1,182,055		458,130		1,692,467
	Charge for the year	6,788		130,579		69,506		206,873
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		(21,680)		(21,680)
	At 31 March 2025	59,070		1,312,634		505,956		1,877,660

	Net book value
	At 31 March 2025	44,397		74,813		124,756		243,966
	At 31 March 2024	51,185		202,250		168,677		422,112


5	Debtors					2025		2024
£							£

	Trade debtors					451,489		230,694
	Deferred tax asset					-		-
	Other debtors					121,884		44,953
						573,373		275,647

	Amounts due after more than one year included above					-		-


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					138,709		164,715
	Taxation and social security costs					393,005		290,271
	Other creditors					86,640		15,767
						618,354		470,753


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Other creditors					-		-
						-		-


8	Events after the reporting date

	There are no events after the balance sheet date that have a material effect on the going concern of the company.


9	Capital commitments					2025		2024
£							£

	Amounts contracted for but not provided in the accounts					-		-


10	Contingent liabilities

	There are no contingent liabilities at the balance sheet date

11	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	GE Johnson
	Loan 2024	14,583				(14,583)		-
	Loan 2025	-		14,583				14,583

	G Johnson
	Loan 2025	-		8,391		-		8,391

	S Johnson
	Loan 2025	-		25,759		-		25,759

		14,583		48,733		(14,583)		48,733


12	Related party transactions

	Rent was paid to Johnson Brothers Property Ltd of £48000 during the period. Dividends of £198,200 were paid to shareholders during the period.


13	Controlling party

	The ultimate controlling parties are Glenn Johnson and Shaun Johnson who are both Directors and Shareholders.


23	Other information

	Geo. Johnson (Metals) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Havacre Lane
	Bilston
	West Midlands
	WV14 9NP