Jo Loves (Wholesale) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10080127

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	881,667		2,045,339
Cash at bank and in hand		59,393		88,544

		941,060		2,133,883
Creditors: Amounts Falling Due Within One Year	5	(43,148 )		(897,847 )

NET CURRENT ASSETS (LIABILITIES)			897,912		1,236,036

TOTAL ASSETS LESS CURRENT LIABILITIES			897,912		1,236,036

NET ASSETS			897,912		1,236,036

CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss Account			897,910		1,236,034

SHAREHOLDERS' FUNDS			897,912		1,236,036

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gary WILLCOX

Director

15th December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Jo Loves (Wholesale) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10080127 . The registered office is Berkeley Suite 35 Berkeley Square, London, W1J 5BF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the company has transferred the significant risks and rewards of ownership to the buyer
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
the amount of revenue can be measured reliably
it is probable that the company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	271,285	271,818
Other debtors	610,382	1,773,521

	881,667	2,045,339

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Jo Loves (Wholesale) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,146	9,455
Other creditors	25,995	757,459
Taxation and social security	7	130,933

	43,148	897,847

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

7. Related Party Transactions

Included within other debtor is an amount of £543,450 (2024 - £683,816 other creditor) due from Jo Loves Limited which is related through common control and ownership. This amount is unsecured, interest free and repayable on demand.

Included within other debtors is an amount of £12,582 (2024 - £1,583,425) due from Gaz & Jo IP Holdings Limited which is related through common control and ownership. This amount is unsecured, interest free and repayable on demand.

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