REGISTERED NUMBER: 03290942 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

J & G TWIST (RETAIL) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Twist

J G Twist

SECRETARY:

J G Twist

REGISTERED OFFICE:

Leopold Street

Lamberhead Industrial Estate

Pemberton

Wigan

Lancashire

WN5 8DH

REGISTERED NUMBER:

03290942 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

108,731

128,918

108,731

128,918

CURRENT ASSETS

Stocks

569,066

545,508

Debtors

6

55,818

99,353

Cash at bank and in hand

262,451

283,099

887,335

927,960

CREDITORS

Amounts falling due within one year

7

245,637

265,201

NET CURRENT ASSETS

641,698

662,759

TOTAL ASSETS LESS CURRENT LIABILITIES

750,429

791,677

CREDITORS

Amounts falling due after more than one year

8

(4,204

)

(6,371

)

PROVISIONS FOR LIABILITIES

10

(26,000

)

(30,778

)

NET ASSETS

720,225

754,528

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

719,225

753,528

SHAREHOLDERS' FUNDS

720,225

754,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

J G Twist - Director

1.	STATUTORY INFORMATION

J & G Twist (Retail) 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 receivable for goods supplied, stated net of Value Added Tax.

The company recognises revenue when the significant risks and rewards of ownership have transferred to the buyer.

Intangible fixed assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is to be amortised to the profit and loss account over its useful economic life of ten years and has been fully written down.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation and impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated useful lives on the following basis:-

Leasehold improvements

To be written off over the terms of the leases

Plant & machinery

15-33.33% reducing balance basis

Fixtures & fittings

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transactions price. Financial assets that have no stated interest rate and recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short term employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2024 - 71 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

317,000

AMORTISATION

At 1 April 2024

and 31 March 2025

317,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

270,008

420,410

707,500

27,550

1,425,468

DEPRECIATION

At 1 April 2024

270,008

378,608

624,742

23,192

1,296,550

Charge for year

-

8,173

10,925

1,089

20,187

At 31 March 2025

270,008

386,781

635,667

24,281

1,316,737

NET BOOK VALUE

At 31 March 2025

-

33,629

71,833

3,269

108,731

At 31 March 2024

-

41,802

82,758

4,358

128,918

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

2,011

Amounts owed by group undertakings

26,328

80,160

Other debtors

3,265

-

Prepayments and accrued income

26,225

17,182

55,818

99,353

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,167

7,161

Trade creditors

134,515

121,199

Corporation tax

-

5,171

Social security and other taxes

74,175

70,968

Other creditors

3,176

2,940

Accrued expenses

31,604

57,762

245,637

265,201

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,204

6,371

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

6,371

13,532

The hire purchase contracts are secured on the fixed assets concerned.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

26,000

30,778

Deferred

tax

£

Balance at 1 April 2024

30,778

Credit to Statement of Income and Retained Earnings during year

(4,778

)

Balance at 31 March 2025

26,000

11.	CONTINGENT LIABILITIES

An intercompany guarantee exists with Natwest Bank Plc between George Twist (Wholesale) Limited and the company.

12.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total lease commitments at the year end of £710,849 (2024: 894,671)

13.	RELATED PARTY DISCLOSURES

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.

Rents for the property situated at Station Road, Bamber Bridge, Preston are paid to the director's self administered pension fund. For the year to 31 March 2025 this amounted to £60,000 (2024: £60,000).

14.	ULTIMATE CONTROLLING PARTY

15.	ULTIMATE PARENT COMPANY