Company Registration No. 05288587 (England and Wales)
J D Johnson Limited
Unaudited accounts
for the year ended 28 February 2025
J D Johnson Limited
Unaudited accounts
Contents
J D Johnson Limited
Company Information
for the year ended 28 February 2025
Director
James Duncan Johnson
Company Number
05288587 (England and Wales)
Registered Office
Low Farm, Rea Lane
Welton le Marsh
Spilsby
Lincolnshire
PE23 5TA
Accountants
WatsonCo Chartered Accountants
The Sycamores
Fordington
Alford
Lincolnshire
LN13 0HQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of J D Johnson Limited for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J D Johnson Limited for the year ended
28 February 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of J D Johnson Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of J D Johnson Limited and state those matters that we have agreed to state to the Board of Directors of J D Johnson Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Johnson Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J D Johnson Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J D Johnson Limited. You consider that J D Johnson Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J D Johnson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
WatsonCo Chartered Accountants
Chartered Accountants
The Sycamores
Fordington
Alford
Lincolnshire
LN13 0HQ
23 November 2025
J D Johnson Limited
Statement of financial position
as at 28 February 2025
Tangible assets
266,273
202,185
Cash at bank and in hand
21,560
54,998
Creditors: amounts falling due within one year
(536,117)
(373,470)
Net current (liabilities)/assets
(108,267)
74,280
Total assets less current liabilities
158,006
276,465
Creditors: amounts falling due after more than one year
(96,785)
(216,924)
Called up share capital
100
100
Profit and loss account
61,121
59,441
Shareholders' funds
61,221
59,541
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2025 and were signed on its behalf by
James Duncan Johnson
Director
Company Registration No. 05288587
J D Johnson Limited
Notes to the Accounts
for the year ended 28 February 2025
J D Johnson Limited is a private company, limited by shares, registered in England and Wales, registration number 05288587. The registered office is Low Farm, Rea Lane, Welton le Marsh, Spilsby, Lincolnshire, PE23 5TA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% reducing balance
Plant & machinery
15% reducing balance or straight line over 25 years
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
J D Johnson Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 March 2024
84,000
35,000
119,000
At 28 February 2025
84,000
35,000
119,000
At 1 March 2024
84,000
35,000
119,000
At 28 February 2025
84,000
35,000
119,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
197,459
201,174
31,647
1,083
431,363
Additions
-
165,450
-
-
165,450
Disposals
-
(78,000)
-
-
(78,000)
At 28 February 2025
197,459
288,624
31,647
1,083
518,813
At 1 March 2024
135,058
84,311
9,131
678
229,178
Charge for the year
3,120
35,853
5,629
405
45,007
On disposals
-
(21,645)
-
-
(21,645)
At 28 February 2025
138,178
98,519
14,760
1,083
252,540
At 28 February 2025
59,281
190,105
16,887
-
266,273
At 29 February 2024
62,401
116,863
22,516
405
202,185
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
139,400
62,462
Amounts falling due within one year
Amounts due from group undertakings etc.
12,000
12,000
Accrued income and prepayments
6,856
4,564
Amounts falling due after more than one year
Amounts due from group undertakings etc.
340,925
343,669
J D Johnson Limited
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,105
19,477
Obligations under finance leases and hire purchase contracts
59,000
10,565
Trade creditors
14,797
475
Taxes and social security
291
86
Loans from directors
455,252
334,871
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
At the year end, JD Johnson Investments Ltd, a company owned by Mr J D Johnson, had an outstanding balance owed to JD Johnson Ltd of £352,925 (2003: £355,669).
11
Average number of employees
During the year the average number of employees was 1 (2024: 2).