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COMPANY REGISTRATION NUMBER: 07531383

JOHNSON PACKAGING LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

JOHNSON PACKAGING LTD

STATEMENT OF FINANCIAL POSITION

31 March 2026

| 2026 | 2025
Note | £ | £

Fixed assets

Intangible assets | 5 | 56,250 | 67,500
Tangible assets | 6 | 143,579 | 746,169
| ----------- | -----------
| 199,829 | 813,669

Current assets

Stocks | 80,670 | 72,108
Debtors | 7 | 476,750 | 440,385
Cash at bank and in hand | 359,643 | 179,141
| ----------- | -----------
| 917,063 | 691,634

Creditors: amounts falling due within one year | 8 | 340,479 | 350,955
| ----------- | -----------
Net current assets | 576,584 | 340,679
| ----------- | --------------
Total assets less current liabilities | 776,413 | 1,154,348

Creditors: amounts falling due after more than one year | 9 | 12,963 | 15,980

Provisions | 33,093 | 51,934
| ----------- | --------------
Net assets | 730,357 | 1,086,434
| ----------- | --------------

JOHNSON PACKAGING LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

| 2026 | 2025
Note | £ | £

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | 730,355 | 1,086,432
| ----------- | --------------
Shareholders funds | 730,357 | 1,086,434
| ----------- | --------------

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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2026 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 .
These financial statements were approved by the board of directors and authorised for issue on 11 August 2026 , and are signed on behalf of the board by:

K Johnson | P Johnson
Director | Director

Company registration number: 07531383

JOHNSON PACKAGING LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 | - | 5% 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.
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:

| Freehold property | - | 2% straight line
| Plant and machinery | - | 25% straight line
| Fixtures and fittings | - | 15% straight line
| Motor vehicles | - | 15% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2025: 16 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 April 2025 and 31 March 2026 | 225,000
| -----------
Amortisation |
At 1 April 2025 | 157,500
Charge for the year | 11,250
| -----------
At 31 March 2026 | 168,750
| -----------
Carrying amount |
At 31 March 2026 | 56,250
| -----------
At 31 March 2025 | 67,500
| -----------

6. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2025 | 543,648 | 554,829 | 122,229 | 226,389 | 1,447,095
Additions | – | – | 1,937 | – | 1,937
Disposals | ( 543,648) | – | – | – | ( 543,648)
| ----------- | ----------- | ----------- | ----------- | --------------
At 31 March 2026 | – | 554,829 | 124,166 | 226,389 | 905,384
| ----------- | ----------- | ----------- | ----------- | --------------
Depreciation |  |  |  |  |
At 1 April 2025 | 17,144 | 459,527 | 95,502 | 128,753 | 700,926
Charge for the year | – | 43,977 | 6,597 | 27,449 | 78,023
Disposals | ( 17,144) | – | – | – | ( 17,144)
| ----------- | ----------- | ----------- | ----------- | --------------
At 31 March 2026 | – | 503,504 | 102,099 | 156,202 | 761,805
| ----------- | ----------- | ----------- | ----------- | --------------
Carrying amount |  |  |  |  |
At 31 March 2026 | – | 51,325 | 22,067 | 70,187 | 143,579
| ----------- | ----------- | ----------- | ----------- | --------------
At 31 March 2025 | 526,504 | 95,302 | 26,727 | 97,636 | 746,169
| ----------- | ----------- | ----------- | ----------- | --------------

7. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 347,105 | 294,004
Other debtors | 129,645 | 146,381
| ----------- | -----------
| 476,750 | 440,385
| ----------- | -----------

8. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 272,548 | 228,968
Corporation tax | 21,347 | 68,566
Social security and other taxes | 36,475 | 38,140
Other creditors | 10,109 | 15,281
| ----------- | -----------
| 340,479 | 350,955
| ----------- | -----------

Included within other creditors is a balance of £3,017 (2024: £11,981) relating to assets held under hire purchase.
9. Creditors: amounts falling due after more than one year

| 2026 | 2025
| £ | £
Other creditors | 12,963 | 15,980
| --------- | ---------

Included within other creditors is a balance of £12,963 (2025: £15,980) relating to assets held under hire purchase.
10. Directors' advances, credits and guarantees
At the start of the year the joint director's loan account was overdrawn by £132,835. This loan was repaid in full during the year and new loans to the directors were made totalling £115,056. Interest is charged on all loans at 2.25%.
11. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 (Section 1A).
12. Controlling party
The company was under the control of the directors throughout the current and previous year.