The directors present the strategic report for the year ended 31 July 2025.
The group continues to operate successfully under an EOT ownership model which will be of considerable benefit to the staff of LJJ for the future.
Sales for LJJ Ltd were slightly below target this year, but the board took measures on cost to trade at the correct levels. The Global economy encountered many challenges due to inflation, conflict and trade disputes. This resulted in many jobs being extended into the next financial year and as everyone knows, the cost of such overruns ends up being borne by everyone in the industry. However, the board feel now the business has accounted for all its previous legacy projects, with secured orders at record levels for 25-26. This will give the company the springboard to return to results previously enjoyed in the last 20 years. Having overcome and put behind us the challenges of a very difficult environment last year, we now continue to look forward to our next financial year with optimism and confidence once again.
The group continues to consolidate and strengthen its relationship with its existing client base which has proved very successful during this year leading to robust sales. New work continues to be mainly achieved through referrals and recommendations and we will continue to extend the client base with the introduction of new clients on a more selective criteria. The group's continued investment in training and information technology ensures that group continues to be at the forefront of any technological advances.
We continue the policy of employing people with the relevant expertise and ethos of partnering which will continue to enable the business to improve on its already strong market position.
The directors monitor the performance of the group with reference to its key performance indicators (KPI's). The principal KPI's used are based on turnover, gross profit margin and operating profit margin. There are also several other key performance indicators that the group continually review with relation to the delivery and efficiency of its various departments. Client satisfaction is a key goal for our companies.
The company's key financial and other performance indicators during the year were as follows:
Unit 2025 2024
Turnover £ 49,959,589 59,411,707
Gross profit margin % 17 17
Net operating margin (before tax) % 2 (3)
Employee numbers No. 99 117
Key non-financial performance indicators include the monitoring of health and safety and quality throughout the group.
Employees
During the year, the policy of providing employees with general and relevant information, supplied at the discretion of management, continued.
The group gives consideration to applications for employment from disabled persons where requirements of the job may be adequately covered by a handicapped or disabled person.
Equal opportunities are given to all employees for career development and promotion.
Principal risks and uncertainties
The group's business covers the building services sector of construction within the United Kingdom. Performance of the business is influenced by local economic factors as well as more global factors where construction plays a major role throughout the world. The world economy has been subject to significant uncertainty in recent years with some difficult trading conditions experienced globally. International conflicts throughout the world have interrupting the supply of goods in construction as well as general trade. The effect of the Covid-19 pandemic established the vulnerability for everyone in construction for such rare events, however, the construction Industry is now much more prepared for such factors. The resulting economic downturn and inflationary measures that followed Covid-19 also added to a very challenging time in the industry. With the above experiences now generally behind us, there are fewer obstacles for the construction industry to manoeuvre in the future, however, the industry is much more aware and prepared for such factors, should they be repeated in the future. Overall, there are still a number of principal risks and uncertainties associated with the construction market that currently need to be considered and navigated, including inflation, which continues to be a major factor in the financial markets. The challenges associated with inflation will continue to be carefully managed in the coming year. Overall, considerable care still needs to be taken with regards to the type, duration and value of contracts that will be taken on for the future.
Future developments
Our goal is to facilitate the continued development of our operations across the country and to continue to structure our business accordingly. We will take advantage of the many opportunities that continue to arise, building on the excellent working relationships and repeat trading with our more selective number of clients. The coverage of our network throughout the UK is served by our existing offices in Stockton-on-Tees, Coventry, and High Wycombe. The ongoing consolidation of LJJ in all our existing offices provides our clients with comprehensive coverage of the UK. All offices remain busy and we continue to nurture the key relationships with our selective clients from all our offices. The maintenance facility for LJJ continues to develop well with lots of new opportunities being developed with our clientele. This facility allows our clients to continue to utilise LJJ's services well after the construction phase is completed and this is something that we will continue to develop further during 2026.
The group regularly reviews the financial health of its clients to ensure that we are only working for robust, strong companies and any companies that are less than financially sound, exposure is closely monitored and strict financial terms and conditions are imposed.
The group’s board of directors believe that they have acted in the way they consider, in good faith, would be most likely to promote the success of the group for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the Act in the decisions taken during the year ended 31 July 2025.
Material decisions taken by the Board in the year include approval of forecast and strategies, a review of corporate financing activities and subsequent strategic review, internal promotion and the continuous development of staff.
LJJ Holdings Limited is a UK business which depends on the trust and confidence of its stakeholders to operate sustainably in the long term. The group seeks to put its customers’ best interests first, invests in its employees, supports the communities in which it operates and strives to generate sustainable profits for shareholders.
Engagement with employees
LJJ Holdings Limited's people is key to its success. Our people help us maintain our strong reputation for high standards of business conduct that are fundamental to the delivery of our strategic plan. The directors recognise the importance of the staff by offering careers with real value, access to professional development initiatives and the chance to be involved in shaping the future of this dynamic business.
We aim to be a responsible employer in our approach to the pay and benefits our employees receive. The health, safety and well-being of our employees in one of our primary considerations in the way we do business. Competitive training programmes and personal development schemes are provided to help our staff reach their goals. Recognition of achievement is embedded in the group culture.
Our staff is regularly involved in evaluating the business progress against targets and they play a crucial role in delivering against our strategy and creating value. It is also our responsibility as a Board to manage our people’s performance and develop and bring through talent while ensuring we operate as efficiently as possible.
Engagement with suppliers, customers and other relationships
As the Board of directors, our intention is to behave responsibly and ensure that management operate the business in a responsible manner, operating within the high standards of business conduct and good governance expected for a business such as ours. This is reflected in the “4 pillars” of our company, Integrity, Respect, Loyalty and Reliability. These values have been chosen by the staff and have Trust at their foundation.
The group regularly reviews the financial health of its clients to ensure that we are only working for robust, strong companies and any companies that are less than financially sound, exposure is closely monitored and strict financial terms and conditions are imposed.
On behalf of the board
The directors present their annual report and financial statements for the year ended 31 July 2025.
The results for the group for the year are set out on page 12, the results for the parent company are set out on page 14.
The Group has reported a consolidated profit of £232,983 for the financial year. It is important to highlight that this includes a non-cash amortisation charge of £1,730,913 related to goodwill on consolidation. This amortisation does not reflect the underlying trading performance of the business. Excluding this charge, the Group’s operating result would have been even more profitable, demonstrating the strength of its core operations.
The Group currently holds £1,442,429 of goodwill on its balance sheet, which will be fully amortised next year. Even after this amortisation, the Group will remain in a strong financial position, with consolidated net assets currently standing at £12,479,309, providing a solid foundation for future growth and stability.
At the parent company level, the business recorded a profit of £93,357, demonstrating the company’s overall financial health and profitability.
The directors remain confident in the Group’s financial stability and growth prospects, supported by its strong asset base, a healthy order book, and the continued profitability of its core operations.
Distributions were made to the EOT in the year totalling £1,000,000.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
The group's operations expose it to a variety of financial risks that include customer relationships, liquidity risk, interest rate risk and credit rating risk. Whilst LJJ is in a very strong position, with good liquidity, high credit rating and blue chip clients, we will remain vigilant as the construction market picks up pace.
The group's policy aims to ensure that an appropriate amount of reasonably priced funding is available to meet both current and future requirements. It aims to ensure that there is always at least a fixed level of headroom between the amount of banking facilities available and those that are being used at present and for the foreseeable future. Each year facilities are reviewed in light of current and ongoing requirements.
At present the group is not exposed to any interest rate risk as the level of borrowing on LJJ is minimal at any point throughout the year. The group tends to manage its cash flow position exceptionally well which mitigates the chance of any interest rate rise risk.
The principal credit risk arises from the group's trade debtors, the finance team manages credit risk through a combination of payment history and third party credit reference agencies. Credit limits are regularly reviewed. The group regularly reviews the financial health of its clients to enure that they are only working for robust, strong companies and any companies that are less than financially sound, exposure is closely monitored and strict financial terms and conditions are imposed.
See disclosures within the Strategic Report regarding future developments of the group.
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the group will be put at a General Meeting.
The boundaries of this report are based on operational control. We report our emissions with reference to the latest Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol). In accordance with the 2018 Regulations, the energy use and associated greenhouse gas emissions are for those within the UK only that come under the operational control boundary. Therefore, energy use and emissions are aligned with financial reporting for the UK subsidiaries and exclude the non-UK based subsidiaries that would not qualify under the 2018 Regulations in their own right. The 2023 UK Government GHG Conversion Factors for Company Reporting published by the UK Department for Environment Food & Rural Affairs (DEFRA) are used to convert energy use in our operations to emissions of C02e. Carbon emission factors for purchased electricity calculated according to the 'location-based grid average' method. This reflects the average emission of the grid where the energy consumption occurs. Data sources include billing, invoices and internal systems. Assumptions include and are limited to all unknown vehicle types assigned to be diesel medium for company cars and average sized petrol for grey fleet, in alignment with previous years analysis.
The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per £m turnover, the recommended ratio for the sector.
We continue to replace our fleet of company vehicles with electric vehicles.
We have introduced the use video calls for meetings and beyond our immediate footprint, we aim to influence our employees to reduce commuting emissons through provision of bike sheds and supporting the cycle to work scheme.
We have audited the financial statements of LJJ Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the group income statement, the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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).
Basis for 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 group's and parent 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
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
Because of the field in which the client operates, we identified the following areas as those most likely to have a material impact on the financial statements: Health and Safety; employment law; and compliance with the UK Companies Act.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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 an auditor's report 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.
Refer to the Directors’ Report for a review of the business performance, including details on underlying profitability.
LJJ Holdings Limited “the company” is a private limited company domiciled and incorporated in England and Wales. The registered office is Richmond House, 107 Bowesfield Lane, Stockton on Tees, TS18 3HF.
The group consists of LJJ Holdings Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
These financial statements haven prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
The parent company satisfies the criteria of being a qualified entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) Disclosures in respect of each share class of capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
(d) No disclosure has been given for the aggregate remuneration of key management personnel.
The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102 and does not disclose related party transactions with members of the same group.
The consolidated group financial statements consist of the financial statements of the parent company LJJ Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
Non-controlling interests in the net assets of consolidated subsidiaries are identified seperatley from the group's equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder's share of changes in equity since the date of the combination. Total comprehensive income is attributed to non-controlling interests even if this resuls in the non-controlling interests have a deficit balance.
As a consolidated Income Statement is published, a seperate Income Statement for the parent company is omitted from the group financial statements by virtue in section 408 of the Companies Act 2006.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.
Contract revenue recognition
It is the company's policy to recognise profits per contract according to a predicted final result based on the costs expended rather than sales applied for, Most contracts will start at the tender profit margin. Contracts are reviewed on a monthly basis by the management team and an adjustment is made to the applied sales based on the actual costs incurred to bring the turnover in line with the predicted margins until accounts have been agreed on contracts. The total adjustment (to the applied sales) is shown on the accounts as "Long term contracts - payments received on account". Any bad debts or concerns have been reflected in the final margins.
The total of "Application Debtors" is included in trade debtors as this is based on Applied Sales.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The directors account for long term contracts using the stage of completion method as the contract progresses. The method requires judgement to accuratley estimate the extent of progress towards contract completion and may involve estimates of total contract costs to completion, total revenues, contract risks and other judgements.
The bad debt written off in 2024 relates to a historic contract which reached an agreed settlement during the year.
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The number for whom retirement benefits are accuring under defined contribution schemes amounted to 5 (2024 - 5).
The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:
Details of the company's subsidiaries at 31 July 2025 are as follows:
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period.
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
Rights, preferences and restrictions
Ordinary A and Ordinary B shares have the following rights, preferences and restrictions:
Dividends
Holders of A shares have full rights to dividends.
Holders of B shares are entitled to dividends at the discretion of A shareholders, as agreed by ordinary resolution in general meetings
Voting
Holders of A shares are entitled to one vote for each share registered in their name.
Holders of B shares are entitled to attend general meetings but are not entitled to vote or receive written resolutions.
Capital
In the event of winding up, the surplus assets available to the company's members after payment of liabiltiies shall be distributed in the following order:
First in paying to the holders of the A and B shares a sum equal to all unpaid arrears, accruals of dividends and the amount subscribed for such shares.
Second in distributing any remaining assets to the holders of A shares.
Amounts recognised in profit or loss as an expense during the period in respect of operating lease arrangements was £187,123 (2024 - £195,338).
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
There is a Composite Company Limited Multilateral Guarantee given the by the company and LJJ Limited in respect of bank borrowings which, at the balance sheet date, amounted to £Nil (2024 - £Nil).
There is a debtenture including fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future in respect of bank borrowings which, at the balance sheet date, amounted to £Nil (2024 - £Nil).
Group:
During the year distributions of £1,000,000 (2024 - £nil) were paid to the LJJ Employee Ownership Trust.
During the year the group purchased goods in the normal course of business totalling £864,544 (2024 - £832,865 ) from Clear Climate Limited, a company under common control. In addition, the group received management fees totalling £15,000 (2024 - £45,000 ) and sold goods of £10,628 (2024 - £12,352). At the balance sheet amounts owed to Clear Climate Limited totalled £14,812 (2024 - £2,925). At the balance sheet amounts owed by Clear Climate Limited totalled £nil (2024 - £nil).
During the year the group received management fees totalling £3,734 (2024 - £3,613) and sold goods of £1,455 (2024 - £1,656) to the Slobbery Dog Raw Limited, a company under common control. At the balance sheet date amounts owed by The Slobbery Dog Raw Limited totalled £49,925 (2024 - £49,925).
During the year the group paid rent of £nil (2024 - £7,781) to Suffolk Life Annuities Limited, being the private pension fund of Director I Rennison. At the balance sheet date amounts owed to Suffolk Life Annuities Limited totalled £nil (2024 - £nil).
At the balance sheet date amounts owed by LJJ Property & Developments Limited, a company under common control totalled £49,999 (2024 - £49,999).
Company:
During the year distributions of £1,000,000 (2024 - £Nil) were paid to the LJJ Employee Ownership Trust.
During the year the company received management fees totalling £15,000 (2024 - £45,000). At the balance sheet amounts owed by Clear Climate Limited totalled £72,000 (2024 - £90,000).
During the year the company received management fees totalling £3,734 (2024 - £3,613) to the Slobbery Dog Raw Limited, a company under common control. At the balance sheet date amounts owed by The Slobbery Dog Raw Limited totalled £49,925 (2024 - £49,925).
At the balance sheet date amounts owed by LJJ Property & Developments Limited, a company under common control totalled £49,999 (2024 - £49,999).