Johnstone Kemp Tooley Ltd

Contents

Statement of financial position	1 to 2
Notes to the Financial Statements	3 to 7

Johnstone Kemp Tooley Ltd

(Registration number: 3086620)
Statement of financial position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	9,146	12,606
Tangible assets	5	31,840	4,617
		40,986	17,223
Current assets
Debtors	6	671,287	644,738
Cash at bank and in hand		25,002	82,543
		696,289	727,281
Creditors: Amounts falling due within one year	7	(461,862)	(437,896)
Net current assets		234,427	289,385
Total assets less current liabilities		275,413	306,608
Creditors: Amounts falling due after more than one year	7	-	(36,977)
Provisions for liabilities		(5,460)	(1,154)
Net assets		269,953	268,477
Capital and reserves
Called up share capital	8	1,000	1,000
Share premium reserve		49,000	49,000
Retained earnings		219,953	218,477
Shareholders' funds		269,953	268,477

For the financial 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.

Johnstone Kemp Tooley Ltd

(Registration number: 3086620)
Statement of financial position as at 31 August 2025

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 Income statement.

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:
 

......................................... Mr P Kemp Director

Johnstone Kemp Tooley Ltd

Notes to the Financial Statements for the Year Ended 31 August 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:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 19 May 2026.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Johnstone Kemp Tooley Ltd

Notes to the Financial Statements for the Year Ended 31 August 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 statement of financial position 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
Long leasehold property	Straight line over term of lease
Fittings fixtures and equipment	25% 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 is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

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	Straight line over 20 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.

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 income statement 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.

Johnstone Kemp Tooley Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 17).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	152,715	152,715
At 31 August 2025	152,715	152,715
Amortisation
At 1 September 2024	140,109	140,109
Amortisation charge	3,460	3,460
At 31 August 2025	143,569	143,569
Carrying amount
At 31 August 2025	9,146	9,146
At 31 August 2024	12,606	12,606

Johnstone Kemp Tooley Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

5	Tangible assets

	Short leasehold property £	Fixtures, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2024	6,571	170,591	177,162
Additions	-	31,361	31,361
At 31 August 2025	6,571	201,952	208,523
Depreciation
At 1 September 2024	6,571	165,974	172,545
Charge for the year	-	4,138	4,138
At 31 August 2025	6,571	170,112	176,683
Carrying amount
At 31 August 2025	-	31,840	31,840
At 31 August 2024	-	4,617	4,617

6

Debtors

	2025 £	2024 £
Trade debtors	276,921	348,872
Prepayments	6,305	4,390
Other debtors	388,061	291,476
	671,287	644,738

Johnstone Kemp Tooley Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		34,318	36,000
Trade creditors		31,192	21,600
Amounts owed to group undertakings and undertakings in which the company has a participating interest		87,841	40,138
Taxation and social security		257,100	275,357
Accruals and deferred income		26,409	45,699
Other creditors		25,002	19,102
		461,862	437,896

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	36,977

The bank loan and overdraft are secured by a fixed and floating charge over the company's assets, together with personal guarantees from the directors.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

9	Parent and ultimate parent undertaking

The company's immediate parent is Johnstone Kemp Tooley (Holdings) Ltd, incorporated in England.