REGISTERED NUMBER: SC081799 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Joe Cool (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

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

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

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.

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

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.