REGISTERED NUMBER: 03145283 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Worboys and Johnston Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N V Worboys

Mrs C Worboys

SECRETARY:

Mrs C Worboys

REGISTERED OFFICE:

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

REGISTERED NUMBER:

03145283 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Tangible assets

4

1,065,394

1,076,548

Investments

5

101

101

1,065,495

1,076,649

CURRENT ASSETS

Stocks

65,822

58,905

Debtors

6

242,205

242,830

Cash at bank and in hand

311

7,092

308,338

308,827

CREDITORS

Amounts falling due within one year

7

274,061

309,895

NET CURRENT ASSETS/(LIABILITIES)

34,277

(1,068

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,099,772

1,075,581

CREDITORS

Amounts falling due after more than one year

8

(424,610

)

(430,374

)

PROVISIONS FOR LIABILITIES

9

(3,637

)

(4,044

)

NET ASSETS

671,525

641,163

CAPITAL AND RESERVES

Called up share capital

10

61,001

61,001

Revaluation reserve

11

224,100

224,100

Retained earnings

11

386,424

356,062

SHAREHOLDERS' FUNDS

671,525

641,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

N V Worboys - Director

1.	STATUTORY INFORMATION

Worboys and Johnston 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 March 2024

and 28 February 2025

1,104,133

58,570

1,162,703

DEPRECIATION

At 1 March 2024

51,833

34,322

86,155

Charge for year

5,093

6,061

11,154

At 28 February 2025

56,926

40,383

97,309

NET BOOK VALUE

At 28 February 2025

1,047,207

18,187

1,065,394

At 29 February 2024

1,052,300

24,248

1,076,548

Cost or valuation at 28 February 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2019

224,100

-

224,100

Cost

880,033

58,570

938,603

1,104,133

58,570

1,162,703

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

101

NET BOOK VALUE

At 28 February 2025

101

At 29 February 2024

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

4,113

4,738

Other debtors

238,092

238,092

242,205

242,830

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

34,416

21,390

Hire purchase contracts

5,093

5,093

Taxation and social security

36,929

25,174

Other creditors

197,623

258,238

274,061

309,895

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

410,727

411,398

Hire purchase contracts

13,883

18,976

424,610

430,374

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

410,727

411,398

9.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

3,637

4,044

Deferred

tax

£

Balance at 1 March 2024

4,044

Accelerated capital allowances

(407

)

Balance at 28 February 2025

3,637

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

411,001

Ordinary

£1

61,001

61,001

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 March 2024

356,062

224,100

580,162

Profit for the year

30,362

30,362

At 28 February 2025

386,424

224,100

610,524

12.	RELATED PARTY DISCLOSURES

The company is controlled by Mr. N. Worboys as director and majority shareholder.

The company received rent during the year of £6,000 (2024: £6,000) from Worboys Antique Restorers Limited, a related company. At the year end a balance of £161,606 (2024 £180,489) was owing to that company.