REGISTERED NUMBER: 01530955 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

John Mills Curtains Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J V Mills

Mr S J Mills

SECRETARY:

Mrs M D Mills

REGISTERED OFFICE:

79 High Street

Swadlincote

Derbyshire

DE11 8JA

REGISTERED NUMBER:

01530955 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Intangible assets

4

327

-

Tangible assets

5

79,477

53,500

79,804

53,500

CURRENT ASSETS

Stocks

23,737

21,740

Debtors

2,614

2,130

Cash at bank and in hand

219,523

180,699

245,874

204,569

CREDITORS

Amounts falling due within one year

62,866

39,208

NET CURRENT ASSETS

183,008

165,361

TOTAL ASSETS LESS CURRENT LIABILITIES

262,812

218,861

PROVISIONS FOR LIABILITIES

7,600

1,061

NET ASSETS

255,212

217,800

CAPITAL AND RESERVES

Called up share capital

7

51

51

Retained earnings

255,161

217,749

SHAREHOLDERS' FUNDS

255,212

217,800

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.

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Mr J V Mills - Director

Mr S J Mills - Director

1.	STATUTORY INFORMATION

John Mills Curtains Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually upon the date of the store transaction or upon fitting for goods that are not collected by the customer.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Provision for the depreciation of freehold property in accordance with the Companies Act 2006 and Financial Reporting Standard 102 has not been provided. It is the company`s policy to maintain its property in good condition which prolongs its useful economic life, in addition the directors review the residual value of the property on an annual basis and are of the opinion that any depreciation charge to date would be immaterial.

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks

Stock is valued at the lower of estimated cost and net realisable value, after making due allowance for obsolete and slow moving items. Estimated cost is based on selling price less expected gross profit.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Government grants

Grants received towards revenue expenditure are recognised as other income in the year in which the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are released to the profit and loss account to match the depreciation policy of the asset to which they relate.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising form impairments are recognised in profit and loss.

Creditors

Short term creditors are measured at transaction price less any impairment. Any losses arising form impairments are recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

333

At 31 December 2025

333

AMORTISATION

Amortisation for year

6

At 31 December 2025

6

NET BOOK VALUE

At 31 December 2025

327

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

78,303

Additions

32,015

Disposals

(12,930

)

At 31 December 2025

97,388

DEPRECIATION

At 1 January 2025

24,803

Charge for year

2,962

Eliminated on disposal

(9,854

)

At 31 December 2025

17,911

NET BOOK VALUE

At 31 December 2025

79,477

At 31 December 2024

53,500

6.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Between one and five years

2,850

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

51

Ordinary

£1

51

51