Johnson Packaging Ltd Filleted accounts for Companies House (small and micro)

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.