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REGISTERED NUMBER: 02883276 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

John Elliot Limited

John Elliot Limited (Registered number: 02883276)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

John Elliot Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr M T Elliot

| Mr J J Elliot

| SECRETARY: | Mr M T Elliot

| REGISTERED OFFICE: | Great Clifton Farm

| Great Clifton

| Workington Cumbria

| CA14 1TZ

| REGISTERED NUMBER: | 02883276 (England and Wales)

| ACCOUNTANTS: | Benson Accountants

| Wiza House

| Station Road

| Wigton

| Cumbria

| CA7 9BA

John Elliot Limited (Registered number: 02883276)

Balance Sheet

31 December 2025

| 31/12/25 | 31/12/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,948,076 |  | 2,136,838 |  |

1,948,076 |  | 2,136,838 |  |

CURRENT ASSETS

Stocks | 52,000 |  | 99,920 |  |

Debtors | 6 | 742,877 |  | 890,814 |  |

Cash at bank | 275,056 |  | 155,207 |  |

1,069,933 |  | 1,145,941 |  |

CREDITORS

Amounts falling due within one year | 7 | 345,654 |  | 459,529 |  |

NET CURRENT ASSETS | 724,279 |  | 686,412 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,672,355 |  | 2,823,250 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (212,889 | ) | (359,020 | ) |

PROVISIONS FOR LIABILITIES | (405,676 | ) | (283,121 | ) |

NET ASSETS | 2,053,790 |  | 2,181,109 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 1,953,790 |  | 2,081,109 |  |

2,053,790 |  | 2,181,109 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Elliot Limited (Registered number: 02883276)

Balance Sheet - continued

31 December 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2026 and were signed on its behalf by:

Mr J J Elliot - Director

Mr M T Elliot - Director

John Elliot Limited (Registered number: 02883276)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| John Elliot Limited 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost and not provided

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

John Elliot Limited (Registered number: 02883276)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 30,000 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 30,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

John Elliot Limited (Registered number: 02883276)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 275,670 |  | 4,526,583 |  | 212,933 |  | 28,480 |  | 5,043,666 |  |

| Additions | - |  | 289,575 |  | - |  | - |  | 289,575 |  |

| Disposals | - |  | (199,500 | ) | (5,500 | ) | - |  | (205,000 | ) |

| At 31 December 2025 | 275,670 |  | 4,616,658 |  | 207,433 |  | 28,480 |  | 5,128,241 |  |

| DEPRECIATION

| At 1 January 2025 | 30,478 |  | 2,706,635 |  | 146,087 |  | 23,628 |  | 2,906,828 |  |

| Charge for year | 983 |  | 416,064 |  | 13,186 |  | 970 |  | 431,203 |  |

| Eliminated on disposal | - |  | (153,287 | ) | (4,579 | ) | - |  | (157,866 | ) |

| At 31 December 2025 | 31,461 |  | 2,969,412 |  | 154,694 |  | 24,598 |  | 3,180,165 |  |

| NET BOOK VALUE

| At 31 December 2025 | 244,209 |  | 1,647,246 |  | 52,739 |  | 3,882 |  | 1,948,076 |  |

| At 31 December 2024 | 245,192 |  | 1,819,948 |  | 66,846 |  | 4,852 |  | 2,136,838 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 January 2025 | 1,543,843 |  |

| Additions | 130,950 |  |

| Transfer to ownership | (372,113 | ) |

| At 31 December 2025 | 1,302,680 |  |

| DEPRECIATION

| At 1 January 2025 | 614,276 |  |

| Charge for year | 180,598 |  |

| Transfer to ownership | (214,584 | ) |

| At 31 December 2025 | 580,290 |  |

| NET BOOK VALUE

| At 31 December 2025 | 722,390 |  |

| At 31 December 2024 | 929,567 |  |

John Elliot Limited (Registered number: 02883276)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS - continued

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of the ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/25 |  | 31/12/24

£ | £ |

| Trade debtors | 507,792 |  | 690,070 |  |

| Other debtors | 235,085 |  | 200,744 |  |

742,877 |  | 890,814 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/25 |  | 31/12/24

£ | £ |

| Hire purchase contracts | 203,966 |  | 249,317 |  |

| Trade creditors | 81,344 |  | 123,020 |  |

| Taxation and social security | 54,492 |  | 78,309 |  |

| Other creditors | 5,852 |  | 8,883 |  |

345,654 |  | 459,529 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/12/25 |  | 31/12/24

£ | £ |

| Hire purchase contracts | 212,889 |  | 359,020 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31/12/25 |  | 31/12/24

£ | £ |

| Hire purchase contracts | 416,855 |  | 608,337 |  |

John Elliot Limited (Registered number: 02883276)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | FINANCIAL INSTRUMENTS

| Financial Assets

| Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price.

| Financial Liabilities

| Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price.

11. | OBLIGATIONS UNDER FINANCE LEASES AND HIRE PURCHASE

| The maturity of these amounts is as follows:

| Amounts payable:

| Within one year: £203,966

| Between one and five years: £212,889

12. | DIRECTORS ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

| 31/12/25 |  | 31/12/24

£ | £ |

| Mr M T Elliot

| Balance outstanding at start of year | 127,720 |  | 128,731 |  |

| Amounts advanced | 56,214 |  | 32,489 |  |

| Amounts repaid | (35,000 | ) | (33,500 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 148,934 |  | 127,720 |  |

| The above loan is unsecured, interest is charged at the official rate of interest, and is repayable on demand.

13. | RELATED PARTY DISCLOSURES

| In addition to the loan noted above, during the year, one of the directors lent the company monies amounting to £225 (2024 - £402). The loan is interest free, unsecured and repayable on demand.