Company registration number 11169024 (England and Wales)
JOHN JAMES CLEARANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
10 - 12 Mulberry Green
Old Harlow
Essex
CM17 0ET
JOHN JAMES CLEARANCE LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
JOHN JAMES CLEARANCE LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,539
12,897
Current assets
Debtors
5
-
0
21
Cash at bank and in hand
-
0
122
-
0
143
Creditors: amounts falling due within one year
6
(88,220)
(57,565)
Net current liabilities
(88,220)
(57,422)
Total assets less current liabilities
(78,681)
(44,525)
Creditors: amounts falling due after more than one year
7
(9,228)
(18,543)
Net liabilities
(87,909)
(63,068)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(88,009)
(63,168)
Total equity
(87,909)
(63,068)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 February 2026 and are signed on its behalf by:
Mr C J Watts
Director
Company registration number 11169024 (England and Wales)
JOHN JAMES CLEARANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

John James Clearance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10-12 Mulberry Green, Harlow, CM17 0ET.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
15% reducing balance
Computers
33% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

JOHN JAMES CLEARANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

JOHN JAMES CLEARANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

JOHN JAMES CLEARANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
239
1,700
1,134
16,000
19,073
Disposals
-
0
-
0
-
0
(1,500)
(1,500)
At 31 March 2025
239
1,700
1,134
14,500
17,573
Depreciation and impairment
At 1 April 2024
202
255
692
5,027
6,176
Depreciation charged in the year
9
217
146
2,662
3,034
Eliminated in respect of disposals
-
0
-
0
-
0
(1,176)
(1,176)
At 31 March 2025
211
472
838
6,513
8,034
Carrying amount
At 31 March 2025
28
1,228
296
7,987
9,539
At 31 March 2024
37
1,445
442
10,973
12,897
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
21
JOHN JAMES CLEARANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
28,977
19,967
Trade creditors
2,386
-
0
Taxation and social security
2,395
2,537
Other creditors
54,462
35,061
88,220
57,565

Included within bank loans and overdrafts is a loan taken out under the BBL scheme,

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
9,228
18,543

Included within bank loans is a loan taken out under the BBL scheme.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

Included within Other creditors are amounts of £2,150 due to a company where the director has a material interest. These amounts are interest free and repayable on demand.

2025-03-31 2024-04-01 false false false 03 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C J Watts Mr I Stewart 11169024 2024-04-01 2025-03-31 11169024 2025-03-31 11169024 2024-03-31 11169024 core:PlantMachinery 2025-03-31 11169024 core:FurnitureFittings 2025-03-31 11169024 core:ComputerEquipment 2025-03-31 11169024 core:MotorVehicles 2025-03-31 11169024 core:PlantMachinery 2024-03-31 11169024 core:FurnitureFittings 2024-03-31 11169024 core:ComputerEquipment 2024-03-31 11169024 core:MotorVehicles 2024-03-31 11169024 core:CurrentFinancialInstruments 2025-03-31 11169024 core:CurrentFinancialInstruments 2024-03-31 11169024 core:Non-currentFinancialInstruments 2025-03-31 11169024 core:Non-currentFinancialInstruments 2024-03-31 11169024 core:ShareCapital 2025-03-31 11169024 core:ShareCapital 2024-03-31 11169024 core:RetainedEarningsAccumulatedLosses 2025-03-31 11169024 core:RetainedEarningsAccumulatedLosses 2024-03-31 11169024 core:ShareCapitalOrdinaryShareClass1 2025-03-31 11169024 core:ShareCapitalOrdinaryShareClass1 2024-03-31 11169024 bus:Director1 2024-04-01 2025-03-31 11169024 core:PlantMachinery 2024-04-01 2025-03-31 11169024 core:FurnitureFittings 2024-04-01 2025-03-31 11169024 core:ComputerEquipment 2024-04-01 2025-03-31 11169024 core:MotorVehicles 2024-04-01 2025-03-31 11169024 2023-04-01 2024-03-31 11169024 core:PlantMachinery 2024-03-31 11169024 core:FurnitureFittings 2024-03-31 11169024 core:ComputerEquipment 2024-03-31 11169024 core:MotorVehicles 2024-03-31 11169024 2024-03-31 11169024 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11169024 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11169024 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11169024 bus:OrdinaryShareClass1 2025-03-31 11169024 bus:OrdinaryShareClass1 2024-03-31 11169024 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11169024 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11169024 bus:FRS102 2024-04-01 2025-03-31 11169024 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11169024 bus:Director2 2024-04-01 2025-03-31 11169024 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP