Johnson & Jones Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05610916

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

JOHNSON & JONES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss T Johnson

REGISTERED OFFICE:

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

REGISTERED NUMBER:

05610916

ACCOUNTANTS:

Hamlyns LLP

Chartered Accountants

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

FIXED ASSETS

Tangible assets

4

732

976

CURRENT ASSETS

Debtors

5

9,950

3,458

Cash at bank and in hand

121,362

66,987

131,312

70,445

CREDITORS

Amounts falling due within one year

6

84,650

52,029

NET CURRENT ASSETS

46,662

18,416

TOTAL ASSETS LESS CURRENT LIABILITIES

47,394

19,392

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,294

19,292

SHAREHOLDERS' FUNDS

47,394

19,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 March 2019 and were signed by:

Miss T Johnson - Director

1.	STATUTORY INFORMATION

Johnson & Jones Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises Sales and Lettings Commission. Sales Commission received in respect of house sales contracted in

the year is stated net of value added tax and is recognised when the clients contract of sale becomes unconditional,

which is usually on the exchange of contracts. Lettings Commission received in respect of the management charges for

leased property is recognised on an invoice basis, usually monthly and is stated net of Value Added Tax.

All of the company's turnover arose in the United Kingdom.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

13,106

10,495

23,601

DEPRECIATION

At 1 January 2018

12,674

9,951

22,625

Charge for year

108

136

244

At 31 December 2018

12,782

10,087

22,869

NET BOOK VALUE

At 31 December 2018

324

408

732

At 31 December 2017

432

544

976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

9,830

3,118

Other debtors

120

340

9,950

3,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,656

4,041

Taxation and social security

41,416

21,901

Other creditors

36,578

26,087

84,650

52,029

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss T Johnson.