REGISTERED NUMBER: NI603326 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

AG & AM Johnston Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Johnston

Mrs A M Johnston

SECRETARY:

Mrs A M Johnston

REGISTERED OFFICE:

4-8 Gallows Street

Dromore

Co Down

BT25 1BG

REGISTERED NUMBER:

NI603326 (Northern Ireland)

ACCOUNTANTS:

McIlveen Howard Limited

Chartered Accountants

169a Upper Newtownards Road

Belfast

BT4 3HZ

BANKERS:

Ulster Bank Limited

11 Church Street

Dromore

Down

BT25 1AA

FIXED ASSETS

Intangible assets

5

185,150

370,300

Tangible assets

6

416,684

420,116

601,834

790,416

CURRENT ASSETS

Stocks

99,326

98,792

Debtors

7

210,990

203,277

Cash at bank

106,562

105,167

416,878

407,236

CREDITORS

Amounts falling due within one year

8

304,317

257,137

NET CURRENT ASSETS

112,561

150,099

TOTAL ASSETS LESS CURRENT LIABILITIES

714,395

940,515

CREDITORS

Amounts falling due after more than one year

9

(176,639

)

(372,639

)

PROVISIONS FOR LIABILITIES

(104,171

)

(100,101

)

NET ASSETS

433,585

467,775

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

433,583

467,773

SHAREHOLDERS' FUNDS

433,585

467,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

Mr A Johnston - Director

1.	STATUTORY INFORMATION

AG & AM Johnston Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are 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 revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements

Useful economic life of tangible assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Useful economic life of goodwill

The company establishes a reliable estimate of the useful life of goodwill. This estimate is based on a variety of factors such as the expected use of the acquired business, the expected useful life of the cash generating units to which the goodwill is attributed and assumptions that market participants would consider in respect of similar businesses.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill was created on the incorporation of a business in 2010. This was originally being amortised evenly over its estimated useful life of 20 years but due to changes introduced by FRS 102, the remaining balance at 1 November 2016 is now being amortised over 10 years.

Additional goodwill was acquired on the purchase of a business in 2012 and is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Elements of cost include the purchase price of the product and freight charges.

Net realisable value comprises the actual or estimated selling price less all further costs incurred in selling.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dividends

Dividends are included in the financial statements in the period in which they are actually paid.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 18 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

3,580,000

AMORTISATION

At 1 November 2024

3,209,700

Amortisation for year

185,150

At 31 October 2025

3,394,850

NET BOOK VALUE

At 31 October 2025

185,150

At 31 October 2024

370,300

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

478,022

Additions

7,461

At 31 October 2025

485,483

DEPRECIATION

At 1 November 2024

57,906

Charge for year

10,893

At 31 October 2025

68,799

NET BOOK VALUE

At 31 October 2025

416,684

At 31 October 2024

420,116

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

191,458

174,622

Other debtors

19,532

28,655

210,990

203,277

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

162,854

168,631

Taxation and social security

86,058

32,236

Other creditors

55,405

56,270

304,317

257,137

The company has registered charges, details of which can be viewed at Companies House.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

176,639

372,639