Johnson Utility Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10498524 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

JOHNSON UTILITY SOLUTIONS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr B Johnson

Mrs C Johnson

REGISTERED OFFICE:

Unit 2b Cusson Road

Knowsley Industrial Park

Liverpool

L33 7BY

REGISTERED NUMBER:

10498524 (England and Wales)

ACCOUNTANTS:

Butterworth Barlow

Chartered Accountants

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Johnson Utility Solutions Limited for the year ended 31 March 2021 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 Board of Directors of Johnson Utility Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Johnson Utility Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Johnson Utility Solutions Limited, as a body, 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 Johnson Utility Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Johnson Utility Solutions 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 Johnson Utility Solutions Limited. You consider that Johnson Utility Solutions 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 Johnson Utility Solutions 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

23 December 2021

FIXED ASSETS

Tangible assets

4

86,775

199,942

CURRENT ASSETS

Debtors

5

92,537

98,891

Cash at bank

1,113,196

667,493

1,205,733

766,384

CREDITORS

Amounts falling due within one year

6

387,196

345,885

NET CURRENT ASSETS

818,537

420,499

TOTAL ASSETS LESS CURRENT LIABILITIES

905,312

620,441

CREDITORS

Amounts falling due after more than one year

7

120,827

172,300

NET ASSETS

784,485

448,141

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

784,385

448,041

SHAREHOLDERS' FUNDS

784,485

448,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 23 December 2021 and were signed on its behalf by:

Mr B Johnson - Director

1.	STATUTORY INFORMATION

Johnson Utility Solutions 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.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 7 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2020

369,953

17,216

4,929

392,098

Additions

21,971

-

767

22,738

Disposals

(2,000

)

-

-

(2,000

)

At 31 March 2021

389,924

17,216

5,696

412,836

DEPRECIATION

At 1 April 2020

179,300

10,760

2,096

192,156

Charge for year

128,511

4,304

1,750

134,565

Eliminated on disposal

(660

)

-

-

(660

)

At 31 March 2021

307,151

15,064

3,846

326,061

NET BOOK VALUE

At 31 March 2021

82,773

2,152

1,850

86,775

At 31 March 2020

190,653

6,456

2,833

199,942

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

15,127

189

Other debtors

635

3,860

Accrued income

76,775

94,842

92,537

98,891

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

51,473

51,473

Trade creditors

119,638

84,011

Tax

115,430

56,463

Social security and other taxes

3,096

4,390

VAT

42,428

74,758

Other creditors

6,227

11,020

CIS deducted

18,134

26,226

Pension fund

605

797

Directors' current accounts

5,925

1,872

Accruals and deferred income

24,240

34,875

387,196

345,885

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

120,827

172,300