John F. Stott Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

John F. Stott Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00817224 . The registered office is 137 Chorley Road, Swinton, Manchester, M27 4AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the company has supplied products to the patient.

Revenue from contracts for the provision services is recognised as those services are provided to patients.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the amount arising in connection with the merger of a business in 2009 and the incorporation of another branch in 2024. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life of between 5 and 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Straight line over 50 years
Leasehold	Over the duration of the lease
Plant & Machinery	20-25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15-25% on reducing balance

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash- generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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John F. Stott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Leasing and Hire Purchase Contracts

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 52 (2024: 50)

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John F. Stott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	456,000

As at 31 December 2025	456,000

Amortisation
As at 1 January 2025	327,275
Provided during the period	28,500

As at 31 December 2025	355,775

Net Book Value
As at 31 December 2025	100,225

As at 1 January 2025	128,725

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2025	230,000	1,733,661	1,963,661
Additions	-	72,275	72,275
Disposals	-	(278,376 )	(278,376 )

As at 31 December 2025	230,000	1,527,560	1,757,560

Depreciation
As at 1 January 2025	-	1,423,389	1,423,389
Provided during the period	-	75,885	75,885
Disposals	-	(259,929 )	(259,929 )

As at 31 December 2025	-	1,239,345	1,239,345

Net Book Value
As at 31 December 2025	230,000	288,215	518,215

As at 1 January 2025	230,000	310,272	540,272

Land and buildings with a carrying amount of £230,000 were revalued at 2 October 2017 by Beesleys Chartered Surveyors, independent valuers not connected with the company on the basis of market value.

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John F. Stott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	70,005
Accumulated depreciation and impairment	2,584

Carrying amount	67,421

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	101,358	28,305
Amounts owed by group undertakings	147,625	240,244
Other debtors	42,540	37,441

	291,523	305,990

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	123,774	145,766
Bank loans and overdrafts	5,566	29,492
Other creditors	148,995	149,033
Taxation and social security	182,202	97,233

	460,537	421,524

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans - long term	15,794	21,292
Other creditors	61,508	96,709

	77,302	118,001

Bank loans are unsecured. Where assets have been purchased under hire purchase contracts the borrowings are secured on the assets purchased.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,120	5,120

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John F. Stott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Other Commitments

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

	2025	2024
	£	£
Not later than one year	96,825	114,860
Later than one year and not later than five years	99,870	194,395

	196,695	309,255

11. Reserves

	Revaluation Reserve
	£
As at 1 January 2025	154,572

As at 31 December 2025	154,572

The revaluation reserve represents the difference between the historical cost of the freehold property and the carrying amount at the period end.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		100,225		128,725
Tangible Assets	5		518,215		540,272

			618,440		668,997
CURRENT ASSETS
Stocks		271,703		243,006
Debtors	6	291,523		305,990
Cash at bank and in hand		36,709		14,351

		599,935		563,347
Creditors: Amounts Falling Due Within One Year	7	(460,537 )		(421,524 )

NET CURRENT ASSETS (LIABILITIES)			139,398		141,823

TOTAL ASSETS LESS CURRENT LIABILITIES			757,838		810,820

Creditors: Amounts Falling Due After More Than One Year	8		(77,302 )		(118,001 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(67,251 )		(71,709 )

NET ASSETS			613,285		621,110

CAPITAL AND RESERVES
Called up share capital	9		5,120		5,120
Revaluation reserve	11		154,572		154,572
Profit and Loss Account			453,593		461,418

SHAREHOLDERS' FUNDS			613,285		621,110

D Hurst Director	P Houston Director
11/06/2026