REGISTERED NUMBER: 03673124 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31st March 2025

for

J & J Design Ltd

Trading as

J&J Fire Engineering

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTORS:

A C West

D N Bailey

REGISTERED OFFICE:

Riverside House

New Hall Hey Road

Rawtenstall

Rossendale

BB4 6HR

REGISTERED NUMBER:

03673124 (England and Wales)

AUDITORS:

Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

The directors present their strategic report for the year ended 31st March 2025.

REVIEW OF BUSINESS

The key financial highlights are as follows:

Year ended

Year ended

31/3/25

31/3/24

£

£

Turnover

27,378,715

24,752,090

Turnover growth

10.61%

18.02%

Gross profit

8,189,107

5,893,959

Gross profit margin

29.91%

23.81%

Net profit before tax

4,351,783

3,902,240

Net profit before tax margin

15.89%

15.77%

Net assets

6,579,567

5,108,732

Monthly employee numbers as at the year end

72

62

For the 16th successive year (YE2021 COVID statistics apart) the company has enjoyed further growth resulting in a record turnover of £27.378m equating to a 10.61% increase on last year. This was in line with our target initial forecast for the year and our ongoing ethos of unforced, organic and sustainable growth.

Some of this growth has been in part to the award of our Company Record project win. This being Shotton Paper Mill, valued at an initial £7.3m. This started on site in November and will continue on well into next year's company results.

The continued growth has been part of our strategy in recruiting more experienced and capable members of the team with the aim of our reputation remaining as excellent as it always has been as the size of the company increases.

Profitability has been stabilised as a percentile from last year and grown pro-rata with the turnover. This again is as a direct result of our investment in being able to provide better management, analysis and mentoring of all members of the company.

A specific focus was driven on Health and Safety management with new senior recruits in this area and control of costs.

As last year, a focus on securing larger sized projects in various sectors, we found efficiencies in overhead and head count on the delivery teams required which has contributed to an increase in profitability.

In terms of future works, we have a very positive, secured forecast ahead of us with visibility on contracts and pipeline heading into 2028 as well as an increasing service and maintenance portfolio. The senior sales team have managed to secure some excellent new clients with substantial roll out projects.

We have an expected forecast for growth again heading into the next 12 months and beyond with a target of tipping over into £30m turnover mark.

PRINCIPAL RISKS AND UNCERTAINTIES

Both the labour and materials market has been relatively stable this year and looks on forecast to continue with only nominal inflationary increases. Resource has become more readily available although we are seeing a trend whereby it is difficult to entice resource to more remote locations.

With the changes in the Building Safety Act and specifically in respect to the 'Golden Thread' and as we predicted in our accounts statement last year, there has been a significant hold up in the residential sector with respect to projects getting started on site. This may have impact on the company turnover and will may have to rdeploy certain members of the team temporarily to ensure they are kept in a position of good work load.

There is a concern that some of our clients with turnover focused on residential market will feel the effects of this much harder and is something we will be monitoring and keeping in good communication with these clients and support where we can.

The company was subject to a loss with the demise of a large client. The loss was considerable however the company managed to collaborate alongside project end clients and replacement main contractors in order to re-establish sites and soften the impact that it had upon both the company and the projects.

FUTURE DEVELOPMENTS

Due to the experience with the loss of large clients, the company is as prudent as ever moving forward with reducing exposure with single sectors, clients and suppliers.

The company is committed to more stringent client screening and monitoring. We also maintain a Credit Risk insurance policy to provide cover where possible.

This will help the company to limit exposure, reduce risk with cash flow , unexpected bankruptcies and remove heavy reliance on the success of any given market or client.

We are also endeavouring to maintain, as we always have, good reserves and cash balances to ensure the future of the company.

Specific focus will be put into the restructuring of the business, including upskilling and training of the senior leadership team who in turn can better support the teams below them.

As always, we have a focus on employees and the environment and support we provide for them. This will continue to be a priority as we continue to look to maintain a high level of quality staff retention which is paramount to any business, but specifically in the life safety trade.

ON BEHALF OF THE BOARD:

A C West - Director

10th December 2025

The directors present their report with the financial statements of the company for the year ended 31st March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the installation of fire protection systems.

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2025 was £735,065.

FUTURE DEVELOPMENTS

These have been provided in the company's strategic report.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1st April 2024 to the date of this report unless otherwise stated.

Other changes in directors holding office are as follows:

A C Lucas ceased to be a director after 31st March 2025 but prior to the date of this report.

The directors shown below were in office at 31st March 2025 but did not hold any interest in the Ordinary shares of £1 each at 1st April 2024 or 31st March 2025.

A C Lucas

A C West

D N Bailey

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Sadofskys, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A C West - Director

10th December 2025

Opinion

We have audited the financial statements of J & J Design Ltd (the 'company') for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the design and installation industry;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alan Brocklehurst ACA (Senior Statutory Auditor)

for and on behalf of Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

10th December 2025

TURNOVER

27,378,715

24,752,090

Cost of sales

19,189,608

18,858,131

GROSS PROFIT

8,189,107

5,893,959

Administrative expenses

3,888,924

1,985,420

OPERATING PROFIT

4

4,300,183

3,908,539

Interest receivable and similar income

159,318

25,212

4,459,501

3,933,751

Interest payable and similar expenses

5

107,718

31,511

PROFIT BEFORE TAXATION

4,351,783

3,902,240

Tax on profit

6

1,092,804

985,383

PROFIT FOR THE FINANCIAL YEAR

3,258,979

2,916,857

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,258,979

2,916,857

FIXED ASSETS

Tangible assets

8

380,978

415,013

CURRENT ASSETS

Stocks

9

409,658

71,313

Debtors

10

5,236,432

5,641,549

Cash at bank and in hand

5,758,225

2,865,155

11,404,315

8,578,017

CREDITORS

Amounts falling due within one year

11

4,892,770

3,465,541

NET CURRENT ASSETS

6,511,545

5,112,476

TOTAL ASSETS LESS CURRENT LIABILITIES

6,892,523

5,527,489

CREDITORS

Amounts falling due after more than one year

12

(292,557

)

(395,943

)

PROVISIONS FOR LIABILITIES

16

(20,399

)

(22,814

)

NET ASSETS

6,579,567

5,108,732

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

6,579,467

5,108,632

SHAREHOLDERS' FUNDS

6,579,567

5,108,732

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

A C West - Director

D N Bailey - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2023

100

3,492,800

3,492,900

Changes in equity

Dividends

-

(1,301,025

)

(1,301,025

)

Total comprehensive income

-

2,916,857

2,916,857

Balance at 31st March 2024

100

5,108,632

5,108,732

Changes in equity

Dividends

-

(1,788,144

)

(1,788,144

)

Total comprehensive income

-

3,258,979

3,258,979

Balance at 31st March 2025

100

6,579,467

6,579,567

Cash flows from operating activities

Cash generated from operations

1

5,956,947

2,882,344

Interest paid

(107,718

)

(31,511

)

Tax paid

(1,212,569

)

(625,042

)

Net cash from operating activities

4,636,660

2,225,791

Cash flows from investing activities

Purchase of tangible fixed assets

(12,738

)

(307,705

)

Amounts paid to/from group undertakings

-

13,890

Interest received

159,318

25,212

Net cash from investing activities

146,580

(268,603

)

Cash flows from financing activities

New loans in year

-

500,000

Loan repayments in year

(102,026

)

(2,031

)

Equity dividends paid

(1,788,144

)

(1,301,025

)

Net cash from financing activities

(1,890,170

)

(803,056

)

Increase in cash and cash equivalents

2,893,070

1,154,132

Cash and cash equivalents at beginning of year

2

2,865,155

1,711,023

Cash and cash equivalents at end of year

2

5,758,225

2,865,155

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

4,351,783

3,902,240

Depreciation charges

36,736

26,315

Loss on disposal of fixed assets

10,036

-

Finance costs

107,718

31,511

Finance income

(159,318

)

(25,212

)

4,346,955

3,934,854

(Increase)/decrease in stocks

(338,345

)

53,747

Decrease/(increase) in trade and other debtors

405,117

(1,034,374

)

Increase/(decrease) in trade and other creditors

1,543,220

(71,883

)

Cash generated from operations

5,956,947

2,882,344

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

5,758,225

2,865,155

Year ended 31st March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

2,865,155

1,711,023

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

2,865,155

2,893,070

5,758,225

2,865,155

2,893,070

5,758,225

Debt

Debts falling due within 1 year

(102,026

)

(1,360

)

(103,386

)

Debts falling due after 1 year

(395,943

)

103,386

(292,557

)

(497,969

)

102,026

(395,943

)

Total

2,367,186

2,995,096

5,362,282

1.	STATUTORY INFORMATION

J & J Design Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Improvements to property

-

over the period of the lease

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

2025

2024

£

£

Wages and salaries

2,885,434

2,686,177

Social security costs

295,982

278,560

Other pension costs

85,767

64,015

3,267,183

3,028,752

The average number of employees during the year was as follows:

2025

2024

Site engineers

61

51

Administration and sales

11

11

72

62

2025

2024

£

£

Directors' remuneration

59,457

164,360

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

593,969

592,210

Other operating leases

27,082

46,626

Depreciation - owned assets

36,737

26,315

Loss on disposal of fixed assets

10,036

-

Auditors' remuneration

5,975

5,775

Foreign exchange differences

650

182

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest on corporation tax

58,902

-

Loan interest

48,816

31,511

107,718

31,511

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

1,095,219

962,569

Deferred taxation

(2,415

)

22,814

Tax on profit

1,092,804

985,383

UK corporation tax was charged at 25%) in 2024.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

4,351,783

3,902,240

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

1,087,946

975,560

Effects of:

Expenses not deductible for tax purposes

-

8,971

Deferred tax asset adjustment

-

(2,250

)

Non qualifying assets

4,858

3,102

Total tax charge

1,092,804

985,383

7.

DIVIDENDS

2025

2024

£

£

Interim

1,788,144

1,301,025

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

402,646

18,752

95,619

Additions

-

-

469

Disposals

-

-

-

At 31st March 2025

402,646

18,752

96,088

DEPRECIATION

At 1st April 2024

68,117

15,931

44,299

Charge for year

19,433

282

11,728

Eliminated on disposal

-

-

-

At 31st March 2025

87,550

16,213

56,027

NET BOOK VALUE

At 31st March 2025

315,096

2,539

40,061

At 31st March 2024

334,529

2,821

51,320