Johns Farming Limited - Limited company accounts 25.1

REGISTERED NUMBER: 08445552 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2026

for

JOHNS FARMING LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

Mr P Johns

REGISTERED OFFICE:

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

REGISTERED NUMBER:

08445552 (England and Wales)

ACCOUNTANTS:

Butterworth Barlow

Chartered Accountants

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

The director presents his report with the financial statements of the company for the year ended 31 May 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of contract farming.

DIRECTOR

Mr P Johns held office during the whole of the period from 1 June 2025 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P Johns - Director

15 September 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Johns Farming Limited for the year ended 31 May 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Johns Farming Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Johns Farming Limited and state those matters that we have agreed to state to the director of Johns Farming Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Johns Farming Limited and its director for our work or for this report.

It is your duty to ensure that Johns Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Johns Farming Limited. You consider that Johns Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Johns Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Butterworth Barlow

Chartered Accountants

Liverpool

15 September 2026

TURNOVER

490,910

486,518

Cost of sales

(457,987

)

(462,004

)

GROSS PROFIT

32,923

24,514

Administrative expenses

(7,389

)

(3,317

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

25,534

21,197

Tax on profit

(2,208

)

-

PROFIT FOR THE FINANCIAL YEAR

23,326

21,197

CURRENT ASSETS

Stocks

346,312

559,965

Debtors

4

25,521

39,463

Cash at bank

14,428

23,331

386,261

622,759

CREDITORS

Amounts falling due within one year

5

377,687

637,511

NET CURRENT ASSETS/(LIABILITIES)

8,574

(14,752

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,574

(14,752

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

8,474

(14,852

)

SHAREHOLDERS' FUNDS

8,574

(14,752

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 September 2026 and were signed by:

Mr P Johns - Director

1.	STATUTORY INFORMATION

Johns Farming Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

10,159

VAT

15,362

29,304

25,521

39,463

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade creditors

274,752

536,649

Tax

2,208

-

Directors' loan accounts

98,427

Accrued expenses

2,300

2,435

377,687

637,511