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REGISTERED NUMBER: SC081799 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Joe Cool (UK) Limited

Joe Cool (UK) Limited (Registered number: SC081799)

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Joe Cool (UK) Limited

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | Mrs K M Malcolm

| J M J Watts

| W J G Malcolm-Watts

| SECRETARY: | Mrs K M Malcolm

| REGISTERED OFFICE: | Unit 25

| Cupar Trading Estate

| Cupar

| Fife

| KY15 4SX

| REGISTERED NUMBER: | SC081799 (Scotland)

| ACCOUNTANTS: | Gibson McKerrell Burrows Limited

| 28 Rutland Square

| Edinburgh

| EH1 2BW

Joe Cool (UK) Limited (Registered number: SC081799)

Statement of Financial Position

31 January 2026

| 31.1.26 | 31.1.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 44,313 |  | 31,977 |  |

CURRENT ASSETS

Stocks | 80,680 |  | 86,826 |  |

Debtors | 5 | 73,943 |  | 99,457 |  |

Cash at bank | 96,871 |  | 50,384 |  |

251,494 |  | 236,667 |  |

CREDITORS

Amounts falling due within one year | 6 | 108,312 |  | 83,991 |  |

NET CURRENT ASSETS | 143,182 |  | 152,676 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 187,495 |  | 184,653 |  |

ACCRUALS AND DEFERRED INCOME | 2,407 |  | 4,613 |  |

NET ASSETS | 185,088 |  | 180,040 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 185,086 |  | 180,038 |  |

185,088 |  | 180,040 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 28 April 2026 and were signed on its behalf by:

J M J Watts - Director

Joe Cool (UK) Limited (Registered number: SC081799)

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Joe Cool (UK) Limited is a private company, limited by shares , registered in Scotland. 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.

| Tangible fixed 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:

| Fixtures & Fittings - 15% reducing balance

| Motor vehicles - 20% reducing balance

| Equipment - 15% reducing balance

| No depreciation is provided on freehold property as it is the company's practice to maintain the properties in a continual state of sound repair. Provision will be made should any permanent diminution in value occur.

| Investment property

| Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

| Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Joe Cool (UK) Limited (Registered number: SC081799)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2025 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2025 | 94,212 |  |

| Additions | 21,203 |  |

| At 31 January 2026 | 115,415 |  |

| DEPRECIATION

| At 1 February 2025 | 62,235 |  |

| Charge for year | 8,867 |  |

| At 31 January 2026 | 71,102 |  |

| NET BOOK VALUE

| At 31 January 2026 | 44,313 |  |

| At 31 January 2025 | 31,977 |  |

Joe Cool (UK) Limited (Registered number: SC081799)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

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

| 31.1.26 |  | 31.1.25

£ | £ |

| Trade debtors | 59,441 |  | 56,283 |  |

| Amounts owed by associates | 5,328 |  | 27,216 |  |

| Prepayments | 9,174 |  | 15,958 |  |

73,943 |  | 99,457 |  |

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

| 31.1.26 |  | 31.1.25

£ | £ |

| Bank loans and overdrafts | 7,222 |  | 7,222 |  |

| Trade creditors | 23,089 |  | 9,685 |  |

| Taxation and social security | 55,172 |  | 43,025 |  |

| Other creditors | 22,829 |  | 24,059 |  |

108,312 |  | 83,991 |  |

7. | RELATED PARTY DISCLOSURES

| Joe Cool (UK) Limited is under the control of Mr Watts.

| At the year-end the company was owed £Nil (2025 £21,888) from Silo Square Limited a company controlled by Mr Watts. This loan is interest free and has no specific terms of repayment.

| At the year-end the company was owed £5,308 (2025 £5,308) from Joe Cool (Property) Limited a company controlled by Mr Watts. This loan is interest free and has no specific terms of repayment.

| At the year-end the company was owed £20 (2025 £20) from Joe Cool (Trading) Limited a company controlled by Mr Watts. This loan is interest free and has no specific terms of repayment

| The company purchased services £8,740 (2025 £3,850) from Asad Software Limited a company in which Mr Watts has a 50% shareholding.

| Included in other creditors is an amount owed by the company to Mr Watts the director of £592 (2025 £348). This loan is interest free and has no specific terms of repayment.