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Company Registration Number 06467712
| CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) |
| ANNUAL REPORT AND FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) CONTENTS
| Page
Company information | 1
Strategic report | 2 - 3
Directors' report | 4
Directors' responsibilities statement | 5
Independent auditors' report | 6 - 9
Statement of comprehensive income | 10
Statement of financial position | 11
Statement of changes in equity | 12
Notes to the financial statements | 13 - 26
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) COMPANY INFORMATION
Directors | M A Giscombe
| G Kane
| S L Van Haazel
| G Oakes
| R Ashley (appointed 14 October 2024)
Registered number | 06467712
Registered office | 5 Peregrine Place
| Moss Side
| Leyland
| Lancashire
| PR25 3EY
Independent auditor | Armstrong Watson Audit Limited
| Chartered Accountants & Statutory Auditors
| Third Floor
| 10 South Parade
| Leeds
| West Yorkshire
| LS1 5QS
Page 1
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Introduction
The directors present their strategic report for the year ended 31 August 2025.
Business review
CO Home Improvements Limited (formerly Clearview Home Improvements Limited) is an installer of windows, doors and conservatories. The directors are pleased to report that turnover for the year was £14.7m (2024 - £13.5m). This sees a 9.4% growth on the previous year. Consumer confidence is slowly growing again following previous market concerns with interest rates and inflation levels. It is also a reflection of the quality of our products and service provided and has ensured that our turnover levels remained strong. Gross margin has increased by 2.4% to 39.3% (2024 – 36.9%). Operating profit for the year was £618k (2023 - £315k). The customer is at the heart of every ongoing activity and the company’s main aim is to add value to its customer at every interaction. We pride ourselves on upholding the highest quality, innovation and ultimately customer satisfaction. The business has focused on improving operations through streamlining processes to improve the customer journey and maintaining uniform monthly volumes to ensure quality. Health and safety is of paramount importance and this is constantly under review with a continuous improvement plan. We have continued to expand our product selection to ensure our customers benefit from the best products available which reflect advancements in the industry, such as our next generation of composite doors and new living space system. We would like to thank all our customers for their continued support and we strive to continue to meet their high expectations. The directors are grateful to staff for their continued commitment and hard work during the year.
Principal risks and uncertainties
The Board is responsible for the Company’s risk management and for ensuring that robust processes are in place to identify, manage and report risks that threaten the business objectives of the Company. These include Financial, Operational and Regulatory compliance risks. The principal features of the Company’s risk management regime are: ∙A strong control environment. This is founded on an appropriate organisational structure for planning, executing, controlling and monitoring business operations. It includes clearly defined responsibilities and accountabilities, particularly risk management. ∙Documented control procedures. These include budgetary systems and management controls to manage financial risks, timely and accurate management information in respect of key performance measures, and procedures to ensure complete and accurate accounting, which is regularly reviewed by the Board. ∙The Board exercises oversight of the strategic risks that face the business on a continuous basis. The principal risks and uncertainties are as follows: °Brand reputation - the Conservatory Outlet brand has significant commercial value. The Board regularly monitors customer satisfaction levels and invests significant resource into ongoing research and development. °Safety - every product in the range is strenuously tested up to and beyond the Health and safety standards, and other applicable regulations, and where necessary they are tested and certified as complying with impact loadings stated in relevant Britain, European and ISO standards. The majority of products are also independently tested by an external third party. Page 2
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Financial key performance indicators
Management use a range of performance indicators to monitor and manage the business. The principal performance indicators cover both financial and non financial performance. The full outcomes achieved are confidential but are communicated to management and employees during the year.
Other key performance indicators
The single most important indicator of the effectiveness of the business proposition is the quality of the product and the service provided to our customers. There are a number of factors that determine this but the key indicators are customer satisfaction, the level of revenue growth and consistent, predictable profitability. This report was approved by the board and signed on its behalf.
G Kane Director
Date: 26 March 2026
Page 3
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The directors present their report and the financial statements for the year ended 31 August 2025.
Results and dividends
The profit for the year, after taxation, amounted to £426,450 (2024 - £230,088). No interim dividends were paid during the year (2024 - £Nil). The directors do not recommend payment of a final dividend (2024 - £Nil).
Directors
The directors who served during the year were:
M A Giscombe
G Kane
S L Van Haazel
G Oakes
R Ashley (appointed 14 October 2024)
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier. This report was approved by the board and signed on its behalf.
G Kane Director
Date: 26 March 2026
Page 4
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED)
Opinion
We have audited the financial statements of CO Home Improvements Limited (formerly Clearview Home Improvements Limited) (the 'Company') for the year ended 31 August 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of 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). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 August 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our 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 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
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 6
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) (CONTINUED)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the 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.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 7
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ∙We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act, health and safety legislation and tax legislation. ∙We enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the directors have in place to ensure compliance. ∙We gained an understanding of the controls that the directors have in place to prevent and detect fraud. ∙We enquired of the directors about any incidences of fraud that had taken place during the accounting period. ∙The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: revenue recognition and management override of controls. ∙We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above. ∙We enquired of the directors about actual and potential litigation and claims. ∙We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud. ∙In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a 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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. Page 8
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) (CONTINUED)
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 Auditors' 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. Matthew Osbourne (Senior statutory auditor) for and on behalf of Armstrong Watson Audit Limited Chartered Accountants & Statutory Auditors Leeds 26 March 2026 Page 9
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 14,748,019 | 13,476,221
Cost of sales |  | (8,959,012) | (8,505,249)
Gross profit |  | 5,789,007 | 4,970,972
Administrative expenses |  | (5,170,524) | (4,656,084)
Operating profit | 5 | 618,483 | 314,888
Interest payable and similar expenses | 9 | (34,832) | (1,600)
Profit before tax |  | 583,651 | 313,288
Tax on profit | 10 | (157,201) | (83,200)
Profit for the financial year |  | 426,450 | 230,088
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 13 to 26 form part of these financial statements.
Page 10
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) REGISTERED NUMBER: 06467712 STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 11 |  | 27,567 |  | 35,344
Tangible assets | 12 |  | 71,845 |  | 85,018
|  |  | 99,412 |  | 120,362
Current assets |  |  |  |  |
Stocks | 13 | 345,477 |  | 215,190 |
Debtors: amounts falling due within one year | 14 | 5,997,585 |  | 4,932,213 |
Cash at bank and in hand | 15 | 380,826 |  | 633,437 |
|  | 6,723,888 |  | 5,780,840 |
Creditors: amounts falling due within one year | 16 | (3,179,749) |  | (2,688,694) |
Net current assets |  |  | 3,544,139 |  | 3,092,146
Total assets less current liabilities |  |  | 3,643,551 |  | 3,212,508
Provisions for liabilities |  |  |  |  |
Deferred taxation |  | (4,593) |  | - |
Other provisions | 18 | (376,540) |  | (376,540) |
|  |  | (381,133) |  | (376,540)
Net assets |  |  | 3,262,418 |  | 2,835,968
Capital and reserves |  |  |  |  |
Called up share capital | 19 |  | 100 |  | 100
Profit and loss account | 20 |  | 3,262,318 |  | 2,835,868
|  |  | 3,262,418 |  | 2,835,968
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
G Kane
Director
Date: 26 March 2026
The notes on pages 13 to 26 form part of these financial statements. Page 11
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2023 | 100 | 2,605,780 | 2,605,880
Comprehensive income for the year |  |  |
Profit for the year | - | 230,088 | 230,088
At 1 September 2024 | 100 | 2,835,868 | 2,835,968
Comprehensive income for the year |  |  |
Profit for the year | - | 426,450 | 426,450
At 31 August 2025 | 100 | 3,262,318 | 3,262,418
| The notes on pages 13 to 26 form part of these financial statements.
Page 12
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
CO Home Improvements Limited (the "Company") is a company limited by shares incorporated in the United Kingdom and registered in England and Wales. The Company's principal activity was that of sale and installation of windows and conservatories. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); ∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Conservatory Outlet Holdings Limited as at 31 August 2025 and these financial statements may be obtained from Companies House.
| 2.3 | Going concern
The Company's business activities, together with the factors likely to affect its future development performance and position are set out in the Strategic Report. The Company's forecasts and projections show that the Company should be able to operate within the current working capital facility. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. They thus continue to adopt the going concern basis of accounting in preparing the annual financial statements. Page 13
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue 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: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 14
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Amortisation is provided on the following bases:
|  |  |  | Brand | - | 10% | straight line
|  |  |  | Computer software | - | 25% | straight line
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 15
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold improvements | - | 20% Straight line
|  |  |  | Motor vehicles | - | 25% Straight line
|  |  |  | Fixtures & fittings | - | 20% Straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is 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.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 16
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The critical judgements that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below. Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. (i) Recoverability of trade and other receivables The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors have considered factors such as the aging of the receivables, past experience of recoverability, financial position of the other party, and the credit profile of individual or groups of customers. See note 14 for balances. (ii) Provisioning Where sales are made under a warranty agreement, the directors will review to assess whether any provision against potential future repair work is required. When considering if a provision should be made for future repair work, the directors consider repair work over the past periods in order to make an estimation of the value of future repair work. The directors will also review additional provisions where it is deemed that they should be made against future obligations. The directors will estimate the value of the future cost utilising past experience and their knowledge in order to be able to make these provisions. See note 18 for balances.
4. | Turnover
The whole of the turnover is attributable to the principal activity of the Company.
| All turnover arose within the United Kingdom.
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other operating lease rentals | 230,359 | 232,056
| Depreciation charge | 44,177 | 41,658
| Amortisation charge | 19,377 | 22,630
Page 17
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 23,100 | 22,000
| The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
7. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,954,345 | 1,733,063
| Social security costs | 188,658 | 144,966
| Cost of defined contribution scheme | 39,397 | 36,881
|  | 2,182,400 | 1,914,910
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 47 | 42
8. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 197,945 | 100,000
| Company contributions to defined contribution pension schemes | 5,743 | 3,000
|  | 203,688 | 103,000
| During the year retirement benefits were accruing to 2 directors (2024 - 1) in respect of defined contribution pension schemes.
Page 18
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
9. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 6,896 | 1,600
| Other interest payable | 27,936 | -
|  | 34,832 | 1,600
10. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 158,718 | 86,166
| Adjustments in respect of previous periods | (7,552) | 1,726
|  | 151,166 | 87,892
| Total current tax | 151,166 | 87,892
| Deferred tax |  |
| Origination and reversal of timing differences | (2,381) | (4,761)
| Adjustments in respect of previous periods | 8,416 | 69
| Total deferred tax | 6,035 | (4,692)
| Tax on profit | 157,201 | 83,200
Page 19
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10.Taxation (continued)
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 583,651 | 313,288
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 145,913 | 78,322
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 7,119 | 52
| Capital allowances for year in excess of depreciation | 3,304 | 3,031
| Adjustments to tax charge in respect of prior periods | (7,552) | 1,795
| Adjustments to tax charge in respect of prior periods - deferred tax | 8,417 | -
| Total tax charge for the year | 157,201 | 83,200
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 20
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. | Intangible assets
|  | Computer software | Brand | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 September 2024 | 123,022 | - | 123,022
| Additions | 4,100 | 7,500 | 11,600
| At 31 August 2025 | 127,122 | 7,500 | 134,622
| Amortisation |  |  |
| At 1 September 2024 | 87,678 | - | 87,678
| Charge for the year on owned assets | 18,877 | 500 | 19,377
| At 31 August 2025 | 106,555 | 500 | 107,055
| Net book value |  |  |
| At 31 August 2025 | 20,567 | 7,000 | 27,567
| At 31 August 2024 | 35,344 | - | 35,344
Page 21
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. | Tangible fixed assets
|  | Motor vehicles | Fixtures and fittings | Leasehold Improvements | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 September 2024 | 21,862 | 300,164 | 540,076 | 862,102
| Additions | 11,791 | 19,214 | - | 31,005
| At 31 August 2025 | 33,653 | 319,378 | 540,076 | 893,107
| Depreciation |  |  |  |
| At 1 September 2024 | 21,862 | 267,793 | 487,429 | 777,084
| Charge for the year on owned assets | 2,456 | 17,847 | 23,875 | 44,178
| At 31 August 2025 | 24,318 | 285,640 | 511,304 | 821,262
| Net book value |  |  |  |
| At 31 August 2025 | 9,335 | 33,738 | 28,772 | 71,845
| At 31 August 2024 | - | 32,371 | 52,647 | 85,018
13. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 20,459 | 20,459
| Work in progress (goods to be sold) | 325,018 | 194,731
|  | 345,477 | 215,190
Page 22
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 931,984 | 673,994
| Amounts owed by group undertakings | 4,871,102 | 4,077,955
| Other debtors | 33,565 | 69,507
| Prepayments and accrued income | 160,934 | 109,315
| Deferred taxation | - | 1,442
|  | 5,997,585 | 4,932,213
15. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 380,826 | 633,437
|  | 380,826 | 633,437
16. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 538,545 | 338,579
| Amounts owed to group undertakings | 278,464 | 199,578
| Corporation tax | 236,543 | 125,596
| Other taxation and social security | 629,060 | 611,160
| Other creditors | 3,574 | -
| Accruals and deferred income | 1,493,563 | 1,413,781
|  | 3,179,749 | 2,688,694
17. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (1,442) | 3,250
| Charged to profit or loss | 6,035 | (4,692)
| At end of year | 4,593 | (1,442)
Page 23
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17.Deferred taxation (continued)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 4,170 | 6,001
| Short term timing differences | 423 | (7,443)
|  | 4,593 | (1,442)
18. | Provisions
|  | Dilapidation | Warranty | Total
|  | £ | £ | £
| At 1 September 2024 | 119,540 | 257,000 | 376,540
| At 31 August 2025 | 119,540 | 257,000 | 376,540
| Dilapidation provision As part of the Company's property leasing arrangements there is an obligation to repair damages which incur during the life of the lease, such as wear and tear. The cost is charged to profit and loss as the obligation arises. Warranty provision As part of the Company's general trading, obligations arise for repair work which is completed as part of contractual arrangements. The cost is charged to profit and loss as the obligation arises.
Page 24
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
19. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
20. | Reserves
Profit and loss account This reserve represents cumulative profits and losses less dividends paid.
21. | Contingent liabilities
The Company, its parent company and certain co-subsidiary companies have given cross-guarantees in relation to bank borrowings. The bank borrowings are secured over the assets of the group.
22. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £39,397 (2023 - £36,881). Contributions totaling £Nil (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.
23. | Commitments under operating leases
| At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 188,605 | 198,913
| Later than 1 year and not later than 5 years | 541,113 | 491,325
| Later than 5 years | - | 7,878
|  | 729,718 | 698,116
Page 25
CO HOME IMPROVEMENTS LIMITED (FORMERLY CLEARVIEW HOME IMPROVEMENTS LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
24. | Related party transactions
| The Company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 (Related Party Disclosures) from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the parent company and are publicly available. During the period the Company entered into trading transactions with companies with common directors. The company made sales and recharges amounting to £544,611 (2024 - £220,007). The company also made purchases totalling £137,643 (2024 - £NIL) from the related parties. At the year end, amounts due to related parties included in trade creditors was £1,537 (2024 - £NIL) and amounts due from related parties included in trade debtors was £275,135 (2024 - £19,969).
25. | Controlling party
The immediate parent undertaking is Clearview Home Improvements (Holdings) Limited and the intermediate parent undertaking is Conservatory Outlet Group Limited. The ultimate parent company is Conservatory Outlet Holdings Limited. Conservatory Outlet Holdings Limited prepare consolidated financial statements which form the largest and smallest group in which the Company is consolidated. The directors do not consider there to be an ultimate controlling party of Conservatory Outlet Holdings Limited.
Page 26