Registration number: SC459983

S Johnston Services Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 10

S Johnston Services Ltd

Company Information

Directors

Mr S I P Johnston Mrs K J Johnston Mrs M Johnston

Registered office

Stjoal Bixter Shetland United Kingdom ZE2 9LX

S Johnston Services Ltd

(Registration number: SC459983)
Abridged Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	6	261,932	288,052
Current assets
Stocks	7	40,648	49,102
Debtors		70,155	46,763
Cash at bank and in hand		39,333	32,431
		150,136	128,296
Creditors: Amounts falling due within one year		(152,096)	(134,136)
Net current liabilities		(1,960)	(5,840)
Total assets less current liabilities		259,972	282,212
Creditors: Amounts falling due after more than one year		-	(41,091)
Provisions for liabilities		(8,286)	(11,044)
Net assets		251,686	230,077
Capital and reserves
Called up share capital		100	100
Retained earnings		251,586	229,977
Shareholders' funds		251,686	230,077

For the financial year ending 31 January 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 Profit and Loss Account.

S Johnston Services Ltd

(Registration number: SC459983)
Abridged Balance Sheet as at 31 January 2026

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... Mr S I P Johnston Director

......................................... Mrs K J Johnston Director

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Stjoal
Bixter
Shetland
ZE2 9LX
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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 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.

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	Straight line over 25 years
Plant and machinery etc	33% on cost, 25% on cost, and 10% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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 stocks 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

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 6 (2025 - 6).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	8,408	8,637

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

5	Intangible assets

	Total £
Cost or valuation
At 1 February 2025	10,000
At 31 January 2026	10,000
Amortisation
At 1 February 2025	10,000
At 31 January 2026	10,000
Carrying amount
At 31 January 2026	-

6	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2025	290,153	116,224	406,377
Additions	-	5,603	5,603
At 31 January 2026	290,153	121,827	411,980
Depreciation
At 1 February 2025	60,230	58,095	118,325
Charge for the year	11,606	20,117	31,723
At 31 January 2026	71,836	78,212	150,048
Carrying amount
At 31 January 2026	218,317	43,615	261,932
At 31 January 2025	229,922	58,130	288,052

Included within the net book value of land and buildings above is £218,317 (2025 - £229,922) in respect of freehold land and buildings.
 

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

7

Stocks

	2026 £	2025 £
Other inventories	40,648	49,102

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	11,044	11,044
Increase (decrease) in existing provisions	(2,758)	(2,758)
At 31 January 2026	8,286	8,286

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

S Johnston Services Ltd

Notes to the Unaudited Abridged Financial Statements for the year ended 31 January 2026

10	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	66,554	56,445

Loans from related parties

2026	Key management £	Total £
At start of period	26,098	26,098
Advanced	2,649	2,649
At end of period	28,747	28,747

2025	Key management £	Total £
At start of period	37,931	37,931
Repaid	(11,833)	(11,833)
At end of period	26,098	26,098