0 false false false false false false false false false false true false false false false false false 2024-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 70,716 70,716 2,750 1,018 433 1,451 1,299 1,732 xbrli:pure xbrli:shares iso4217:GBP NI659773 2024-09-01 2025-08-31 NI659773 2025-08-31 NI659773 2024-08-31 NI659773 2023-09-01 2024-08-31 NI659773 2024-08-31 NI659773 2023-08-31 NI659773 core:NetGoodwill 2024-09-01 2025-08-31 NI659773 bus:Director1 2024-09-01 2025-08-31 NI659773 bus:Director2 2024-09-01 2025-08-31 NI659773 core:NetGoodwill 2025-08-31 NI659773 core:WithinOneYear 2025-08-31 NI659773 core:WithinOneYear 2024-08-31 NI659773 core:ShareCapital 2025-08-31 NI659773 core:ShareCapital 2024-08-31 NI659773 core:RetainedEarningsAccumulatedLosses 2025-08-31 NI659773 core:RetainedEarningsAccumulatedLosses 2024-08-31 NI659773 bus:SmallEntities 2024-09-01 2025-08-31 NI659773 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 NI659773 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 NI659773 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 NI659773 bus:FullAccounts 2024-09-01 2025-08-31 NI659773 core:ComputerEquipment 2024-09-01 2025-08-31 NI659773 core:ComputerEquipment 2025-08-31 NI659773 core:ComputerEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: NI659773

Paul Johnston Associates Ltd

Filleted Unaudited Financial Statements

31 August 2025

Paul Johnston Associates Ltd

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | 1,299 | 1,732

Current assets

Stocks | 6,922 | 5,148
Debtors | 5 | 23,279 | 19,529
Cash at bank and in hand | 79,087 | 127,205
| --------- | ---------
| 109,288 | 151,882

Creditors: amounts falling due within one year | 6 | 109,782 | 153,024
| --------- | ---------
Net current liabilities | 494 | 1,142
| ------- | -------
Total assets less current liabilities | 805 | 590

Provisions

Taxation including deferred tax | 298 | 405
| ---- | ----
Net assets | 507 | 185
| ---- | ----

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 407 | 85
| ---- | ----
Shareholders funds | 507 | 185
| ---- | ----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paul Johnston Associates Ltd

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 28 January 2026 , and are signed on behalf of the board by:

Dr A Kirkpatrick | Dr D W Kelly
Director | Director

Company registration number: NI659773

Paul Johnston Associates Ltd

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 58 Greenhill Road, Brookeborough, Co Fermanagh, United Kingdom, BT94 4EH. The principal activity of the company is environmental consulting activities.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3. Intangible assets

| Goodwill
| £
Cost |
At 1 September 2024 and 31 August 2025 | 70,716
| --------
Amortisation |
At 1 September 2024 and 31 August 2025 | 70,716
| --------
Carrying amount |
At 31 August 2025 | –
| --------
At 31 August 2024 | –
| --------

4. Tangible assets

| Equipment
| £
Cost |
At 1 September 2024 and 31 August 2025 | 2,750
| -------
Depreciation |
At 1 September 2024 | 1,018
Charge for the year | 433
| -------
At 31 August 2025 | 1,451
| -------
Carrying amount |
At 31 August 2025 | 1,299
| -------
At 31 August 2024 | 1,732
| -------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 23,279 | 19,529
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,390 | 1,228
Social security and other taxes | 27,925 | 39,012
Other creditors | 80,467 | 112,784
| --------- | ---------
| 109,782 | 153,024
| --------- | ---------

7. Directors' advances, credits and guarantees
During the year a director provided loans to the company totalling £89,578 which includes nominal interest of £2,000. Cash withdrawn and personal expenses paid by the company on behalf of the director totalled £121,895. The balance owed to the director at 31 August 2025 was £80,467, (2024: £112,784).