Registration number: 03815414

Paul Johnson Motor Services Ltd.

Contents

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

Paul Johnson Motor Services Ltd.

Company Information

Directors

Mr PD Johnson Mrs T Johnson

Company secretary

Mrs T Johnson

Registered office

Unit 21 Horsley's Fields Kings Lynn Norfolk PE30 5DD

Accountants

Hayhow & Co Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields Kings Lynn Norfolk PE30 5DD

Paul Johnson Motor Services Ltd.

(Registration number: 03815414)
Statement of financial position as at 31 July 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	28,424	26,268
Current assets
Stocks	5	42,087	45,434
Debtors	6	57,857	39,628
Cash at bank and in hand		203,083	190,658
		303,027	275,720
Creditors: Amounts falling due within one year	7	(81,320)	(62,889)
Net current assets		221,707	212,831
Total assets less current liabilities		250,131	239,099
Provisions for liabilities		(1,085)	(1,255)
Net assets		249,046	237,844
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		248,046	236,844
Shareholders' funds		249,046	237,844

For the financial year ending 31 July 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 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 Statement of comprehensive income.

Approved and authorised by the Board on 31 August 2026 and signed on its behalf by:
 

......................................... Mrs T Johnson Company secretary and director

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

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:
Unit 21
Horsley's Fields
Kings Lynn
Norfolk
PE30 5DD

These financial statements were authorised for issue by the Board on 31 August 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 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.

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.

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

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
Motor Vehicles	25% Reducing Balance
Office Equipment	25% Reducing Balance
Plant and Machinery	25% Reducing Balance
Alarm System	Fully depreciated
Freehold land and buildings	No depreciation calculated
Sundry Tools	Not depreciated

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.

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.

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

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.

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 10 (2025 - 10).

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

4	Tangible assets

	Land and buildings £	Sundry Tools  £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 August 2025	15,000	5,156	24,855	37,391
Additions	-	-	449	-
At 31 July 2026	15,000	5,156	25,304	37,391
Depreciation
At 1 August 2025	-	-	24,113	35,015
Charge for the year	-	-	297	617
At 31 July 2026	-	-	24,410	35,632
Carrying amount
At 31 July 2026	15,000	5,156	894	1,759
At 31 July 2025	15,000	5,156	750	2,376

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2025	440	35,406	118,248
Additions	-	4,500	4,949
At 31 July 2026	440	39,906	123,197
Depreciation
At 1 August 2025	440	32,420	91,988
Charge for the year	-	1,871	2,785
At 31 July 2026	440	34,291	94,773
Carrying amount
At 31 July 2026	-	5,615	28,424
At 31 July 2025	-	2,986	26,268

5

Stocks

	2026 £	2025 £
Closing stock	42,087	45,434

Paul Johnson Motor Services Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	39,318	19,113
Prepayments	1,656	1,442
Other debtors	16,883	19,073
	57,857	39,628

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		26,768	22,096
Amounts due to related parties		207	68
Social security and other taxes		34,269	28,540
Outstanding defined contribution pension costs		272	177
Other payables		342	203
Accruals		4,486	3,954
Tax liability		14,976	7,851
		81,320	62,889

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.