Registration number: 6837560

Johnson Geddes Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Johnson Geddes Limited

(Registration number: 6837560)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,985	4,250
Current assets
Debtors	6	599,726	862,913
Cash at bank and in hand		270,284	341,942
		870,010	1,204,855
Creditors: Amounts falling due within one year	7	(682,010)	(638,035)
Net current assets		188,000	566,820
Total assets less current liabilities		191,985	571,070
Provisions for liabilities		(996)	(1,062)
Net assets		190,989	570,008
Capital and reserves
Called up share capital	8	64	64
Capital redemption reserve		36	36
Retained earnings		190,889	569,908
Shareholders' funds		190,989	570,008

For the financial year ending 31 March 2025 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 15 December 2025 and signed on its behalf by:
 

......................................... Paul Johnson Company secretary and director

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 4
41 - 43 Liverpool Road
Cadishead
Manchester
M44 5BQ

These financial statements were authorised for issue by the Board on 15 December 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.

Judgements

The company assess the likelihood that a debtor will default on an IVA and review the doubtful debt provision each accounting reporting date. The likely default of each debtor is a key assumption applied. Bad debts of £17,341 (2024 : £22,207) are provided for at 31 March 2025.

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 refunds, 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.

Tax

The tax expense for the period comprises 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.

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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% on reducing balance
Computer equipment	20% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill, having been amortised over its expected useful life of 2 years, has now been fully amortised.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 2 years

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.

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

Client funds

Client funds are monies held in client trustee accounts on behalf of individuals who have entered into Individual Voluntary arrangements. All client funds are maintained in client trustee accounts and there is no right of set off between the client accounts and the company office account. These accounts do not form part of the assets of the company but are disclosed in note 13.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 18).

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	60,000	60,000
At 31 March 2025	60,000	60,000
Amortisation
At 1 April 2024	60,000	60,000
At 31 March 2025	60,000	60,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	28,450	34,283	62,733
Additions	-	869	869
At 31 March 2025	28,450	35,152	63,602
Depreciation
At 1 April 2024	26,250	32,233	58,483
Charge for the year	550	584	1,134
At 31 March 2025	26,800	32,817	59,617
Carrying amount
At 31 March 2025	1,650	2,335	3,985
At 31 March 2024	2,200	2,050	4,250

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Trade debtors	555,706	804,302
Prepayments	44,020	43,611
Other debtors	-	15,000
	599,726	862,913

Details of non-current trade and other debtors

£20,300 (2024 -£49,602) of trade debtors is classified as non current.

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	560,000	560,000
Trade creditors		7,991	8,719
Taxation and social security		14,727	14,119
Accruals and deferred income		94,401	50,755
Other creditors		4,891	4,442
		682,010	638,035

Included in creditors are loans of £360,000 (2024 : £360,000) which are secured by fixed and floating charges against the assets of the company. The loans are repayable on demand.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	64	64	64	64

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	560,000	560,000

Other borrowings

The carrying amount of other loans at year end is £560,000 (2024 - £560,000). Of the total loans, £360,000 are secured with fixed and floating charges over the assets of the company and are repayable on demand. The other £200,000 is unsecured.

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £23,333 (2024 - £43,333).

11	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Loan to director	15,000	(15,000)	-

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Loan to director	-	15,000	15,000

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	163,308	163,308
Contributions paid to money purchase schemes	61,000	61,000
	224,308	224,308

Johnson Geddes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12	Client Funds Held

At the period end the company held £335,055 (2024 - £455,537) in client trustee accounts on behalf of individuals who have entered into Individual Voluntary Arrangements. These amounts are not included within the assets or liabilities of the company.