John Flowers Limited

Report and Financial Statements

31 March 2025

Registered number

01633007

John Flowers Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	3
Independent auditor's report	4-6
Income statement	7
Statement of financial position	8
Statement of changes in equity	9
Statement of cash flows	10
Notes to the financial statements	11-17

John Flowers Limited

Company Information

Directors

Mr J Flowers

Mr M N Watson

Mr J J Flowers

Mr J H Flowers

Secretary

Mr J Flowers

Auditors

TC Group

A6 Kingfisher House

Kingsway North

Team Valley, Gateshead

Tyne & Wear

NE11 0JQ

Registered office

2 Monument Park

Pattinson Industrial Estate

Washington

Tyne & Wear

NE38 8QU

Registered number

01633007

John Flowers Limited
Registered number:		01633007
Directors' Report

The directors present their report and financial statements for the year ended 31 March 2025.

Principal activities
The company's principal activity during the year continued to be that roofing contractors

Dividends
The directors recommend a final dividend of £8,000 per share (2024: £6,900)

Directors
The following persons served as directors during the year:

	Mr J Flowers
	Mr J J Flowers
	Mr J H Flowers

Directors' responsibilities

The directors are responsible for preparing the report and 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 United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). 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 and then apply them consistently;

●

make judgements and estimates that are reasonable and prudent;

●

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

●

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 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.

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:

●

so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and

●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


This report was approved by the board on 27 March 2026 and signed on its behalf.



Mr J Flowers
Director

John Flowers Limited
Strategic Report

John Flowers Limited is a company that has over 30 years of experience in the roofing industry, providing quality services including tiling, slating, single ply, felting, green roofs and other services.

Turnover has increased by 8% this year (2024: 29.3%), reflecting an uplift of projects in the roofing industry. The gross margin has been maintained this year as a result of negotiation of existing contracts to compensate for the substantial price increases of construction industry materials. The company remains in a strong position in the market, due to the dedication and effort of management and staff alike. The directors believe the the company should remain in a positive position to take advantage of future opportunities in the roofing industry.

Key performance indicators

The company has identified and details below, the following key performance indicators;

	2025	2024
	£	£

Gross profit	3,518,307	3,543,573
Gross profit margin	22.97%	24.99%
Net assets	4,608,738	4,529,587

Future developments

The directors aim to maintain the management policies which have resulted in the company's growth in recent years. They consider that the next year will show some growth in turnover but reduction in profit margins, as economic conditions in the UK continue to change.

Principal risks and uncertainties

The performance of the company is subject to a number of risks, which are regularly reviewed by the board of directors, and appropriate processes are put in place to monitor and mitigate these risks. The principal risks faced by the company include maintaining sales margins, general contract demand and supply chain issues, employment levels, recruitment and training of suitably skilled staff.

This report was approved by the board on 27 March 2026 and signed on its behalf.



Mr J Flowers
Director

John Flowers Limited
Independent auditor's report
to the member of John Flowers Limited

Opinion

We have audited the financial statements of John Flowers Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including 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 the 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 March 2025 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	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 Auditor’s 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 UK, including the FRC’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 auditor’s 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.

Opinions 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, 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.

Auditor’s 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 auditor’s 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 is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant identified that directly affect the financial statements include financial reporting legislation (including related companies' legislation), distributable profits legislation, and taxation legislation. The company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Health and Safety, Employment Law and Data Protection regulations, including the Working at Height Regulations and Construction Industry Sceme rules, recognising the nature of the company's activities.
We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:
•making enquiries of directors and management as to where they consider there to be susceptibility to fraud and whether they have any knowledge or suspicion of fraud; •obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; •assessing the design effectiveness of the controls in place to prevent and detect fraud; •assessing the risk of management override, including identifying and testing journal entries.
Our audit did not identify any key audit matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor's 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.


Mark Hunter
(Senior Statutory Auditor)		A6 Kingfisher House
for and on behalf of		Kingsway North
TC Group		Team Valley, Gateshead
Statutory Auditor		Tyne & Wear
27 March 2026		NE11 0JQ

John Flowers Limited
Income Statement
for the year ended 31 March 2025


Notes		2025		2024
£			£

Turnover	3	15,318,848		14,177,510

Cost of sales		(11,800,541)		(10,633,937)

Gross profit		3,518,307		3,543,573

Administrative expenses		(2,764,919)		(2,687,057)
Other operating income		209,955		73,467

Operating profit	4	963,343		929,983

Income from investments		150,000		-
Interest receivable		13,994		100

Profit on ordinary activities before taxation		1,127,337		930,083

Tax on profit on ordinary activities	6	(248,186)		(234,939)

Profit for the financial year		879,151		695,144

John Flowers Limited
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	7		152,832			181,361
Investments	8		101			101
			152,933			181,462

Current assets
Stocks	9	533,111			738,407
Debtors	10	11,225,455			10,196,621
Cash at bank and in hand		695,418			639,394
		12,453,984			11,574,422

Creditors: amounts falling due within one year	11	(7,964,980)			(7,187,065)

Net current assets			4,489,004			4,387,357

Total assets less current liabilities			4,641,937			4,568,819


Provisions for liabilities
Deferred taxation	12		(33,199)			(39,232)

Net assets			4,608,738			4,529,587

Capital and reserves
Called up share capital	13		100			100
Profit and loss account	14		4,608,638			4,529,487

Total equity			4,608,738			4,529,587




Mr J Flowers
Director
Approved by the board on 27 March 2026

John Flowers Limited
Statement of Changes in Equity
for the year ended 31 March 2025

Share		Profit		Total
capital		and loss
account
£		£		£

At 1 April 2023	100		4,524,343		4,524,443

Profit for the financial year	-		695,144		695,144

Dividends	-		(690,000)		(690,000)

At 31 March 2024	100		4,529,487		4,529,587



At 1 April 2024	100		4,529,487		4,529,587

Profit for the financial year	-		879,151		879,151

Dividends	-		(800,000)		(800,000)

At 31 March 2025	100		4,608,638		4,608,738

John Flowers Limited
Statement of Cash Flows
for the year ended 31 March 2025

Notes	2025		2024
£		£
Operating activities
Profit for the financial year	879,151		695,144

Adjustments for:
Income from investments	(150,000)		-
Interest receivable	(13,994)		(100)
Tax on profit on ordinary activities	248,186		234,939
Depreciation	29,700		33,093
Decrease in stocks	205,296		53,946
Increase in debtors	(1,028,834)		(721,881)
Increase/(decrease) in creditors	664,154		(438,100)
	833,659		(142,959)

Dividends received	150,000		-
Interest received	13,994		100
Corporation tax paid	(140,458)		(353,906)

Cash generated by/(used in) operating activities	857,195		(496,765)

Investing activities
Payments to acquire tangible fixed assets	(1,171)		(5,654)

Cash used in investing activities	(1,171)		(5,654)

Financing activities
Equity dividends paid	(800,000)		(690,000)

Cash used in financing activities	(800,000)		(690,000)

Net cash generated/(used)
Cash generated by/(used in) operating activities	857,195		(496,765)
Cash used in investing activities	(1,171)		(5,654)
Cash used in financing activities	(800,000)		(690,000)

Net cash generated/(used)	56,024		(1,192,419)

Cash and cash equivalents at 1 April	639,394		1,831,813
Cash and cash equivalents at 31 March	695,418		639,394

Cash and cash equivalents comprise:
Cash at bank	695,418		639,394

John Flowers Limited
Notes to the Accounts
for the year ended 31 March 2025

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Consolidated financial statements for the company and its subsidiaries, John Flowers (Flat & Industrial Roofing) Limited, Flowing Construction Services Limited and Flowing Energy Solutions Limited, have not been prepared as the company's financial statements are already consolidated along with its parent F&I Holdings Limited, and this company is therefore exempt from preparing consolidated financial statements in accordance with section 400 of the Companies Act 2006.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% per annum reducing balance basis
	Computer equipment			4 years on the straight line basis


	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at cost less any accumulated impairment losses.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Critical accounting estimates and judgements

	The company makes certain estimates and assumptions concerning the future. The resulting accounting estimates, by definition, will not always be the same as the actual results. Estimates and judgements are continually evaluated and are based on managements' historical experience and other factors, including expectations of future events that are believed to be reasonable under these circumstances. The estimates that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year include fixed assets (note 7), stocks (note 9), prepayments (note 10), and accruals (note 11), as well as turnover and cost of sales in the profit and loss account where cut-off estimates have been included.


3	Analysis of turnover					2025		2024
£							£

	Provision of roofing services					15,318,848		14,177,510

	By geographical market:

	UK					15,318,848		14,177,510


4	Operating profit					2025		2024
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					29,700		33,093
	Auditors' remuneration for audit services					5,900		5,900
	Carrying amount of stock sold					4,350,526		4,272,088


5	Staff costs					2025		2024
£							£

	Wages and salaries					1,025,257		1,153,977
	Social security costs					93,520		82,155
	Other pension costs					21,486		18,762
						1,140,263		1,254,894


	Average number of employees during the year					Number	Number

	Roofing					46		46
	Warehouse					3		3
						49		49


6	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					254,219		240,458

	Deferred tax:
	Origination and reversal of timing differences					(6,033)		(5,519)


	Tax on profit on ordinary activities					248,186		234,939


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2025		2024
£							£
	Profit on ordinary activities before tax					1,127,337		930,083

	Standard rate of corporation tax in the UK					25%		25%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					281,834		232,521

	Effects of:
	Expenses not deductible for tax purposes					(33,134)		2,418
	Capital allowances for period in excess of depreciation					5,519		5,519

	Current tax charge for period					254,219		240,458


	Factors that may affect future tax charges
	The UK Government announced an increase to mainstream Corporation Tax Rates from 1st April 2023. The rate remains at 25%. This will increase future tax charges for the company.


7	Tangible fixed assets
								Plant and machinery
								At cost
£
	Cost or valuation
	At 1 April 2024							1,036,198
	Additions							1,171
	At 31 March 2025							1,037,369

	Depreciation
	At 1 April 2024							854,837
	Charge for the year							29,700
	At 31 March 2025							884,537

	Carrying amount
	At 31 March 2025							152,832
	At 31 March 2024							181,361



8	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024							101

	At 31 March 2025							101
	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	Flowing Construction Services Ltd	Ordinary		100		405,030		268,448
	Flowing Energy Solutions Ltd	Ordinary		100		1		-
	John Flowers (Flat and Industrial Roofing) Ltd	Ordinary		100		529,034		669,059


9	Stocks					2025		2024
£							£

	Raw materials and consumables					533,111		524,925
	Work in progress					-		213,482
						533,111		738,407


10	Debtors					2025		2024
£							£

	Trade debtors					2,972,178		3,425,860
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					6,884,997		5,415,776
	Other debtors					1,293,003		1,170,499
	Prepayments and accrued income					75,277		184,486
						11,225,455		10,196,621


11	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					2,560,426		1,650,989
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					4,953,238		5,305,527
	Corporation tax					179,219		65,458
	Other taxes and social security costs					39,752		20,771
	Other creditors					72,005		2,535
	Accruals and deferred income					160,340		141,785
						7,964,980		7,187,065


12	Deferred taxation					2025		2024
£							£

	Accelerated capital allowances					33,199		39,232


						2025		2024
£							£

	At 1 April					39,232		44,751
	Credited to the profit and loss account					(6,033)		(5,519)

	At 31 March					33,199		39,232



13	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


14	Profit and loss account					2025		2024
£							£

	At 1 April					4,529,487		4,524,343
	Profit for the financial year					879,151		695,144
	Dividends					(800,000)		(690,000)

	At 31 March					4,608,638		4,529,487


15	Dividends					2025		2024
£							£

	Dividends on ordinary shares (note 14)					800,000		475,000



16	Related party transactions

	St Laurence Properties Limited
	(An associated company)

	Inter company loan owed to John Flowers Limited					1,023,755		1,022,952


	Southwick Properties Limited
	(A company under common control)

	Inter company loan owed to John Flowers Limited					50,923		30,899


	The Garth Property Company Limited
	(A company under common control)

	Inter company loan owed to John Flowers Limited					53,690		32,810


17	Controlling party

	The company is under the control of its ultimate parent undertaking, namely F & I Holdings Limited.


18	Presentation currency

	The financial statements are presented in Sterling.


19	Legal form of entity and country of incorporation

	John Flowers Limited is a private company limited by shares and incorporated in England.


20	Principal place of business

	The address of the company's principal place of business and registered office is:

	2 Monument Park
	Pattinson Industrial Estate
	Washington
	Tyne & Wear
	NE38 8QU