REGISTERED NUMBER: 06398387 (England and Wales)

JOHNSON & SMITH (LINCOLN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

L M Johnson

REGISTERED OFFICE:

Station Yard

Sleaford Road

Dunston

Lincoln

Lincolnshire

LN4 2HA

REGISTERED NUMBER:

06398387 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

162,878

207,847

CURRENT ASSETS

Debtors

5

1,525,701

1,021,939

Cash at bank and in hand

312,303

1,060,474

1,838,004

2,082,413

CREDITORS

Amounts falling due within one year

6

553,397

592,824

NET CURRENT ASSETS

1,284,607

1,489,589

TOTAL ASSETS LESS CURRENT LIABILITIES

1,447,485

1,697,436

CREDITORS

Amounts falling due after more than one year

7

(87,965

)

(115,542

)

PROVISIONS FOR LIABILITIES

(36,050

)

(42,674

)

NET ASSETS

1,323,470

1,539,220

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,323,370

1,539,120

SHAREHOLDERS' FUNDS

1,323,470

1,539,220

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 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 director and authorised for issue on 25 August 2026 and were signed by:

L M Johnson - Director

1.	STATUTORY INFORMATION

Johnson & Smith (Lincoln) 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.

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

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the service is carried out.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

Tangible fixed assets are held at cost less depreciation.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2025

45,264

421,292

466,556

Additions

-

77,373

77,373

Disposals

(45,264

)

(103,690

)

(148,954

)

At 31 May 2026

-

394,975

394,975

DEPRECIATION

At 1 June 2025

8,113

250,596

258,709

Charge for year

-

43,006

43,006

Eliminated on disposal

(8,113

)

(61,505

)

(69,618

)

At 31 May 2026

-

232,097

232,097

NET BOOK VALUE

At 31 May 2026

-

162,878

162,878

At 31 May 2025

37,151

170,696

207,847

The net book value of tangible fixed assets includes £ 108,176 (2025 - £ 117,685 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

265,306

463,442

Amounts owed by group undertakings

83,784

-

Amounts recoverable on contract

1,089,947

495,872

Other debtors

86,664

62,625

1,525,701

1,021,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

40,677

24,527

Trade creditors

300,391

292,043

Taxation and social security

51,886

96,730

Other creditors

160,443

179,524

553,397

592,824

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

87,965

115,542

8.	LEASING AGREEMENTS

The company has obligations under operating leases due within one year of £32,692 (2025 £27,817) and over one year of £14,663 (2025 £24,827).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

128,642

140,069

A debenture dated 7 March 2018 is in place for the fixed and floating charges over the undertaking of the company and all property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has an overdrawn directors loan account totalling £21,613 brought forward (2025: £917). During the year, the director borrowed £100,364 (2025: £23,471) from the company and repaid £106,845 (2025: £3,111). Interest was charged on the on the overdrawn amount in the year of £2,029 (2025: £335). The balance at the year end totalled £17,161 (2025: £21,613).