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Company No: 00393685 (England and Wales)

# JULIAN & SON LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

JULIAN & SON LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

JULIAN & SON LIMITED

## BALANCE SHEET

As at 30 September 2025
JULIAN & SON LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 5,793 |  | 6,488
Tangible assets | 4 | 197,220 |  | 226,858
|  | 203,013 |  | 233,346
Current assets |  |  |  |
Stocks | 5 | 1,500,749 |  | 1,514,777
Debtors | 6 | 48,748 |  | 18,800
Cash at bank and in hand |  | 423,473 |  | 690,195
|  | 1,972,970 |  | 2,223,772
Creditors: amounts falling due within one year | 7 | ( 971,726) |  | ( 1,047,002)
Net current assets |  | 1,001,244 |  | 1,176,770
Total assets less current liabilities |  | 1,204,257 |  | 1,410,116
Creditors: amounts falling due after more than one year | 8 | ( 3,987) |  | ( 6,801)
Provision for liabilities |  | ( 40,192) |  | ( 46,433)
Net assets |  | 1,160,078 |  | 1,356,882
Capital and reserves |  |  |  |
Called-up share capital | 9 | 7,312 |  | 7,312
Capital redemption reserve |  | 628 |  | 628
Profit and loss account |  | 1,152,138 |  | 1,348,942
Total shareholder's funds |  | 1,160,078 |  | 1,356,882

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

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Julian & Son Limited (registered number: 00393685) were approved and authorised for issue by the Board of Directors on 30 March 2026. They were signed on its behalf by:

A Thomas Director |

JULIAN & SON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
JULIAN & SON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Julian & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 42 Station Road, St Blazey, Par, PL24 2LZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the retail of furniture, lighting, and similar in a specialised store. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

#####

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:
Long leasehold - over life of lease

Vehicles | 25 % reducing balance
Fixtures and fittings | 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

##### Financial instruments

The company holds the following financial instruments:
•Short term trade and other debtors and creditors; and
•Cash and bank balances.
All financial instruments are classified as basic.
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 33 |  | 35

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 6,952 |  | 6,952
At 30 September 2025 | 6,952 |  | 6,952
Accumulated amortisation |  |  |
At 01 October 2024 | 464 |  | 464
Charge for the financial year | 695 |  | 695
At 30 September 2025 | 1,159 |  | 1,159
Net book value |  |  |
At 30 September 2025 | 5,793 |  | 5,793
At 30 September 2024 | 6,488 |  | 6,488

#### 4. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 October 2024 | 226,811 |  | 344,568 |  | 571,379
Additions | 0 |  | 4,439 |  | 4,439
At 30 September 2025 | 226,811 |  | 349,007 |  | 575,818
Accumulated depreciation |  |  |  |  |
At 01 October 2024 | 153,846 |  | 190,675 |  | 344,521
Charge for the financial year | 18,240 |  | 15,837 |  | 34,077
At 30 September 2025 | 172,086 |  | 206,512 |  | 378,598
Net book value |  |  |  |  |
At 30 September 2025 | 54,725 |  | 142,495 |  | 197,220
At 30 September 2024 | 72,965 |  | 153,893 |  | 226,858

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 1,500,749 |  | 1,514,777

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 4,030 |  | 10,197
Other debtors | 44,718 |  | 8,603
| 48,748 |  | 18,800

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 234,161 |  | 200,372
Amounts owed to Group undertakings | 3,776 |  | 110,665
Amounts owed to Parent undertakings | 4,802 |  | 4,836
Taxation and social security | 29,469 |  | 102,721
Other creditors | 699,518 |  | 628,408
| 971,726 |  | 1,047,002

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 3,987 |  | 6,801

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
7,312 Ordinary shares of £ 1.00 each | 7,312 |  | 7,312

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 308,101 |  | 308,101
between one and five years | 589,952 |  | 898,053
Total future minimum lease payments under non-cancellable operating leases | 898,053 |  | 1,206,154

#### 11. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Amounts owed to Julian & Sons (TopCo) Limited | 4,802 |  | 4,836

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to Julian & Sons (Property) Limited | 3,776 |  | 110,665

#### 12. Ultimate controlling party

Parent Company:

Julian & Son (Topco) Limited
42 Station Road, Par, Cornwall, United Kingdom, PL24 2LZ