Jactone Products Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02175235

Jactone Products Limited

Filleted Financial Statements

31 October 2025

Jactone Products Limited

Financial Statements

Year ended 31 October 2025

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 10

Jactone Products Limited

Officers and Professional Advisers

The board of directors	Mrs M Knowles
	Mr C Halford
	Mrs J Halford
	Mrs C Webb

Company secretary	Mrs J Halford

Registered office	Springvale Business Park
	Springvale Avenue
	Bilston
	West Midlands
	WV14 0QL

Auditor	TC Group
	Statutory auditor
	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Jactone Products Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	76,663	43,846
Tangible assets	6	3,038,247	2,552,277
		------------	------------
		3,114,910	2,596,123

Current assets

Stocks		907,941	919,519
Debtors	7	558,586	665,271
Cash at bank and in hand		1,119,532	1,194,350
		------------	------------
		2,586,059	2,779,140

Creditors: amounts falling due within one year	8	663,390		736,114
		------------		------------
Net current assets			1,922,669	2,043,026
			------------	------------
Total assets less current liabilities			5,037,579	4,639,149

Creditors: amounts falling due after more than one year	9		45,679	47,803

Provisions

Taxation including deferred tax	139,650	61,552
	------------	------------
Net assets	4,852,250	4,529,794
	------------	------------

Capital and reserves

Called up share capital	10	20,500	20,500
Revaluation reserve	11	1,302,663	1,056,574
Profit and loss account	11	3,529,087	3,452,720
		------------	------------
Shareholders funds		4,852,250	4,529,794
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Jactone Products Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr C Halford

Director

Company registration number: 02175235

Jactone Products Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Springvale Business Park, Springvale Avenue, Bilston, West Midlands, WV14 0QL. The principal activity of the company during the year was that of the manufacture of fire protection equipment, insulation and associated products.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant estimates or judgements have been used by management in preparing these accounts. The policies adopted by the company are detailed below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Development Costs and Type Approval relate to the certification of fire extinguishers and are being amortised over the period which the directors estimate that the benefits of the certification may reasonably be expected to have accrued.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs	-	33% straight line
Trademarks	-	33% straight line
Type Approval	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% and 20% reducing balance
Fixtures fittings and equipment	-	15% reducing balance and 33.33% straight line
Motor vehicles	-	25% 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. Costs includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling price after taking into account all further losses expected to be incurred on completion and disposal.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 35 (2024: 34 ).

5. Intangible assets

	Development costs	Patents, trademarks and licences	Type Approval	Total
	£	£	£	£
Cost
At 1 November 2024	20,659	–	203,839	224,498
Additions	–	970	47,624	48,594
Disposals	–	–	( 3,500)	( 3,500)
	--------	----	---------	---------
At 31 October 2025	20,659	970	247,963	269,592
	--------	----	---------	---------
Amortisation
At 1 November 2024	20,659	–	159,993	180,652
Charge for the year	–	72	12,205	12,277
	--------	----	---------	---------
At 31 October 2025	20,659	72	172,198	192,929
	--------	----	---------	---------
Carrying amount
At 31 October 2025	–	898	75,765	76,663
	--------	----	---------	---------
At 31 October 2024	–	–	43,846	43,846
	--------	----	---------	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost or valuation
At 1 November 2024	2,350,000	1,930,121	332,808	181,000	4,793,929
Additions	24,378	115,283	66,317	25,500	231,478
Disposals	–	–	–	( 35,403)	( 35,403)
Revaluations	325,622	–	–	–	325,622
	------------	------------	---------	---------	------------
At 31 October 2025	2,700,000	2,045,404	399,125	171,097	5,315,626
	------------	------------	---------	---------	------------
Depreciation
At 1 November 2024	–	1,845,412	314,477	81,763	2,241,652
Charge for the year	–	14,852	11,854	26,169	52,875
Disposals	–	–	–	( 17,148)	( 17,148)
	------------	------------	---------	---------	------------
At 31 October 2025	–	1,860,264	326,331	90,784	2,277,379
	------------	------------	---------	---------	------------
Carrying amount
At 31 October 2025	2,700,000	185,140	72,794	80,313	3,038,247
	------------	------------	---------	---------	------------
At 31 October 2024	2,350,000	84,709	18,331	99,237	2,552,277
	------------	------------	---------	---------	------------

Tangible assets held at valuation

The land and buildings, were revalued in October 2025 by Towler Shaw Roberts LLP, a Chartered Surveyors and Commercial Property Consultants, at open market value. The directors consider that there has been no significant change to the value of the land and buildings at the year end. The carrying amount that would have been recognised had the assets been carried under the cost model is £1,293,425 (2024: £1,293,425).

Capital commitments

	2025	2024
	£	£
Contracted for but not provided for in the financial statements	169,668	–
	---------	----

7. Debtors

	2025	2024
	£	£
Trade debtors	485,660	602,737
Prepayments and accrued income	72,926	62,534
	---------	---------
	558,586	665,271
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	338,129	420,111
Accruals and deferred income	152,388	156,242
Corporation tax	44,118	42,812
Social security and other taxes	128,613	116,808
Other creditors	142	141
	---------	---------
	663,390	736,114
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Accruals and deferred income	45,679	47,803
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	20,500	20,500	20,500	20,500
	--------	--------	--------	--------

11. Reserves

Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	2,262	9,048
Later than 1 year and not later than 5 years	–	2,262
	-------	--------
	2,262	11,310
	-------	--------

13. Events after the end of the reporting period

After the reporting date, on 27 March 2026, 41.67% of the issued share capital of the Company was transferred to Jactone Holdings Limited. This transaction occurred after the year end and does not affect the amounts recognised in these financial statements. After the reporting date, the Company entered into financial arrangements which resulted in a charge being created over the assets of the Company.

14. Summary audit opinion

The auditor's report dated 13 May 2026 was unqualified .

The senior statutory auditor was Hannah Justice FCA FCCA , for and on behalf of TC Group .