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REGISTERED NUMBER: 02254188 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

| for |

| John Taylor (Fasteners) Ltd |

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

John Taylor (Fasteners) Ltd

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | Mr R N Taylor

| Mr M A Gosney

| Mr J K Pengilly

| REGISTERED OFFICE: | 69 High Street

| Bideford

| Devon

| EX39 2AT

| REGISTERED NUMBER: | 02254188 (England and Wales)

| ACCOUNTANTS: | R T Marke & Co Ltd

| Chartered Accountants

| 69 High Street

| Bideford

| Devon

| EX39 2AT

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Abridged Balance Sheet

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 48,346 |  | 55,252 |  |

Tangible assets | 6 | 21,118 |  | 33,376 |  |

Investments | 7 | 1,300 |  | 1,302 |  |

70,764 |  | 89,930 |  |

CURRENT ASSETS

Stocks | 354,237 |  | 362,594 |  |

Debtors | 508,063 |  | 453,384 |  |

Cash at bank and in hand | 21,831 |  | 25,986 |  |

884,131 |  | 841,964 |  |

CREDITORS

Amounts falling due within one year | 819,129 |  | 783,211 |  |

NET CURRENT ASSETS | 65,002 |  | 58,753 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 135,766 |  | 148,683 |  |

CREDITORS

Amounts falling due after more than one year | - |  | (10,429 | ) |

PROVISIONS FOR LIABILITIES | (4,996 | ) | (8,013 | ) |

NET ASSETS | 130,770 |  | 130,241 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 130,670 |  | 130,141 |  |

SHAREHOLDERS' FUNDS | 130,770 |  | 130,241 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Abridged Balance Sheet - continued

31 May 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 January 2026 and were signed on its behalf by:

Mr R N Taylor - Director

Mr M A Gosney - Director

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| John Taylor (Fasteners) 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. | STATEMENT OF COMPLIANCE

| 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. There were no material departures from that standard.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of between 5 and 10 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | Over period of the lease

| Improvements to property | - | 10% straight line

| Plant and machinery | - | 20% straight line, 10% on reducing balance and Over period of the lease

| Fixtures and fittings | - | 25% straight line

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | ACCOUNTING POLICIES - continued

| 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 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| 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.

| Going concern

| Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

| Investments

| Investments held as fixed assets are stated at cost less provision for any diminution in value.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 18 ) .

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 74,063 |  |

| AMORTISATION

| At 1 June 2024 | 18,811 |  |

| Amortisation for year | 6,906 |  |

| At 31 May 2025 | 25,717 |  |

| NET BOOK VALUE

| At 31 May 2025 | 48,346 |  |

| At 31 May 2024 | 55,252 |  |

6. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024 | 190,315 |  |

| Additions | 970 |  |

| Disposals | (25,442 | ) |

| At 31 May 2025 | 165,843 |  |

| DEPRECIATION

| At 1 June 2024 | 156,939 |  |

| Charge for year | 13,228 |  |

| Eliminated on disposal | (25,442 | ) |

| At 31 May 2025 | 144,725 |  |

| NET BOOK VALUE

| At 31 May 2025 | 21,118 |  |

| At 31 May 2024 | 33,376 |  |

John Taylor (Fasteners) Ltd (Registered number: 02254188)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

7. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 June 2024 | 1,302 |  |

| Disposals | (2 | ) |

| At 31 May 2025 | 1,300 |  |

| NET BOOK VALUE

| At 31 May 2025 | 1,300 |  |

| At 31 May 2024 | 1,302 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 100,407 |  | 113,546 |  |

| Between one and five years | 283,629 |  | 305,934 |  |

| In more than five years | 100,000 |  | 169,423 |  |

484,036 |  | 588,903 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Other creditors | 392,488 |  | 351,114 |  |

| Secured other creditors relate to factored debts and are secured by a fixed and floating charge on the assets of the company.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 60 | A | £1 | 60 |  | 60 |  |

| 30 | B | £1 | 30 |  | 30 |  |

| 10 | C | £1 | 10 |  | 10 |  |

100 |  | 100 |  |