John Newton & Company Limited

(Registration number: 00221080)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	30,924	33,350
Tangible assets	5	389,401	309,341
		420,325	342,691
Current assets
Stocks	6	1,225,845	1,139,224
Debtors	7	1,998,356	1,885,656
Cash at bank and in hand		488,648	376,344
		3,712,849	3,401,224
Creditors: Amounts falling due within one year	8	(2,235,023)	(3,211,221)
Net current assets		1,477,826	190,003
Total assets less current liabilities		1,898,151	532,694
Creditors: Amounts falling due after more than one year	8	(1,457,682)	(111,852)
Provisions for liabilities		(66,538)	(52,036)
Net assets		373,931	368,806
Capital and reserves
Called up share capital		4,800	4,800
Capital redemption reserve		341	341
Retained earnings		368,790	363,665
Shareholders' funds		373,931	368,806

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 24 June 2026 and signed on its behalf by:
 

......................................... Mr W Muschialli Director

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Newton House
17-19 Sovereign Way
Tonbridge
Kent
TN9 1RH

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and for a period of at least 12 months from the approval of these financial statements.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 25 June 2026 was James Syree BSc ACA, who signed for and on behalf of Ballards LLP.

.........................................

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 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.

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

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
Furniture, fittings and equipment	20 % reducing balance and 33.3% straight line
Motor vehicles	20% straight line
Other property, plant and equipment	20% reducing balance

Intangible assets

Intangible costs are recognised at cost and subsequently measured under the historical cost model, being cost less accumulated amortisation and any accumulated impairment losses.

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
Internally generated software development costs	20% straight line
Other intangible assets	20% straight line

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 38 (2024 - 34).

4	Intangible assets

	Internally generated software development costs  £	Other intangible assets  £	Total £
Cost or valuation
At 1 October 2024	17,600	15,750	33,350
Additions acquired separately	-	2,860	2,860
At 30 September 2025	17,600	18,610	36,210
Amortisation
Amortisation charge	3,520	1,766	5,286
At 30 September 2025	3,520	1,766	5,286
Carrying amount
At 30 September 2025	14,080	16,844	30,924
At 30 September 2024	17,600	15,750	33,350

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 October 2024	443,681	305,783	67,904	817,368
Additions	35,662	140,589	-	176,251
At 30 September 2025	479,343	446,372	67,904	993,619
Depreciation
At 1 October 2024	314,486	153,664	43,210	511,360
Charge for the year	37,272	50,568	5,018	92,858
At 30 September 2025	351,758	204,232	48,228	604,218
Carrying amount
At 30 September 2025	127,585	242,140	19,676	389,401
At 30 September 2024	136,141	151,134	22,066	309,341

6

Stocks

	2025 £	2024 £
Other inventories	1,225,845	1,139,224

7

Debtors

	2025 £	2024 £
Trade debtors	1,662,767	1,647,198
Other debtors and prepayments	335,589	238,458
	1,998,356	1,885,656

John Newton & Company Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	38,952	37,724
Trade creditors		1,158,721	1,047,505
Amounts owed to related parties		65,887	1,443,375
Taxation and social security		270,926	264,049
Other creditors		700,537	418,568
		2,235,023	3,211,221

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	72,900	111,852
Other financial liabilities		1,384,782	-
		1,457,682	111,852

9	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	-	8,773
Finance lease liabilities	72,900	103,079
	72,900	111,852

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	8,773	10,289
Finance lease liabilities	30,179	27,435
	38,952	37,724

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 £735,631 (2024 - £997,534). This relates to the lease of land and buildings and motor vehicles.