Johnsons of Nantwich Limited - Filleted accounts

Registered number

00667495

Johnsons of Nantwich Limited

Filleted Accounts

31 March 2025

Johnsons of Nantwich Limited
Registered number:		00667495
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		290			423
Tangible assets	4		716,046			767,408
			716,336			767,831

Current assets
Stocks		49,780			49,496
Debtors	5	297,679			260,470
Cash at bank and in hand		418,997			471,404
		766,456			781,370

Creditors: amounts falling due within one year	6	(446,800)			(519,972)

Net current assets			319,656			261,398

Total assets less current liabilities			1,035,992			1,029,229

Creditors: amounts falling due after more than one year	7		(75,157)			(94,588)

Provisions for liabilities			(174,849)			(185,491)


Net assets			785,986			749,150

Capital and reserves
Called up share capital			22,500			22,500
Share premium			47,500			47,500
Profit and loss account			715,986			679,150

Shareholders' funds			785,986			749,150

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.


J S McMillan
Director
Approved by the board on 10 December 2025

Johnsons of Nantwich Limited
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 evenly over its expected useful life, as follows:

	Plant and machinery					15% per annum of net book value
	Motor vehicles					25% per annum of net book value
	Fixtures and fittings					15% per annum of net book value
	Office equipment					33% on cost

	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.

	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							29		30


3	Intangible fixed assets									£
	Goodwill:

	Cost
	At 1 April 2024									2,650
	At 31 March 2025									2,650

	Amortisation
	At 1 April 2024									2,227
	Provided during the year									133
	At 31 March 2025									2,360

	Net book value
	At 31 March 2025									290
	At 31 March 2024									423

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Fixtures & fittings		Office equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£		£
	Cost
	At 1 April 2024	105,331		205,978		3,641,529		143,572		4,096,410
	Additions	857		2,284		90,879		-		94,020
	Disposals	-		-		(22,500)		-		(22,500)
	At 31 March 2025	106,188		208,262		3,709,908		143,572		4,167,930

	Depreciation
	At 1 April 2024	88,073		202,109		2,962,712		76,108		3,329,002
	Charge for the year	2,717		3,131		114,182		16,866		136,896
	On disposals	-		-		(14,014)		-		(14,014)
	At 31 March 2025	90,790		205,240		3,062,880		92,974		3,451,884

	Net book value
	At 31 March 2025	15,398		3,022		647,028		50,598		716,046
	At 31 March 2024	17,258		3,869		678,817		67,464		767,408


5	Debtors							2025		2024
£									£

	Trade debtors							263,154		225,944
	Prepayments							11,593		14,149
	Other debtors							22,932		20,377
								297,679		260,470


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

	Loan							10,500		10,500
	Obligations under finance lease and hire purchase contracts							101,763		66,422
	Trade creditors							211,126		218,072
	Accruals and deferred income							34,466		106,357
	Taxation and social security costs							86,116		115,292
	Deferred government grants							2,829		3,329
								446,800		519,972


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

	Loan							2,500		12,500
	Obligations under finance lease and hire purchase contracts							56,625		63,227
	Deferred government grants							16,032		18,861
								75,157		94,588


8	Controlling party

	The company is controlled by Oatmarket Holdings Limited.


9	Other information

	Johnsons of Nantwich Limited is a private company limited by shares and incorporated in England. Its registered office is:
	10 Oat Market
	Nantwich
	Cheshire
	CW5 5AP