REGISTERED NUMBER: 04125517 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

G.J.T. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D P Nott

Mr A Dunn

Mr C P Nott

SECRETARY:

Mr A Dunn

REGISTERED OFFICE:

Springwell Mill

Church Street

Heckmondwike

West Yorkshire

WF16 0LF

REGISTERED NUMBER:

04125517 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

531,596

472,906

Investments

5

310,000

310,000

841,596

782,906

CURRENT ASSETS

Stocks

1,456,509

1,425,364

Debtors

6

746,565

856,470

Cash at bank and in hand

111,679

136,912

2,314,753

2,418,746

CREDITORS

Amounts falling due within one year

7

1,722,579

1,723,548

NET CURRENT ASSETS

592,174

695,198

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,770

1,478,104

PROVISIONS FOR LIABILITIES

54,342

53,919

NET ASSETS

1,379,428

1,424,185

CAPITAL AND RESERVES

Called up share capital

81,200

81,200

Capital redemption reserve

194,100

194,100

Retained earnings

1,104,128

1,148,885

1,379,428

1,424,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Mr C P Nott - Director

1.	STATUTORY INFORMATION

G.J.T. Limited 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 as modified by the revaluation of certain assets.

These 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 £1.

Preparation of consolidated financial statements

The financial statements contain information about G.J.T. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition

Turnover, which is stated excluding Value Added Tax, is the amount receivable for goods supplied less returns, trade discounts and allowances. Sales are recognised when goods are despatched to customers as this reflects the transfer of risks and rewards of ownership, with provisions made for returns and allowances. Provisions for returns are calculated based on historical return levels.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

15% on cost

Plant and machinery

-

33% on cost, 20% on cost, 15% Reducing balance and 10% on cost

Motor vehicles

-

33% on cost and 25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, on a weighted average cost basis. Cost includes all expenditure incurred in the normal course of business in bringing the stock to its present location and condition. Net realisable value is based on estimated selling price less further costs to completion and selling costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Taxation

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.

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rates of exchange at the balance sheet date. Transactions denominated in foreign currencies are translated into Sterling at the rates of exchange prevailing on the date of transaction or, for practical reasons, at average monthly rates where exchange rates do not fluctuate significantly. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and operating leases

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The company pays contributions to privately administered plans on a contractual basis. The company has no further obligations once the contributions have been paid. The contributions are recognised as an employee benefit expense when they are paid.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Operating leases

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

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 October 2024

267,060

391,855

10,150

118,719

787,784

Additions

-

53,180

-

-

53,180

Disposals

-

-

(10,150

)

-

(10,150

)

Reclassification/transfer

34,919

(34,919

)

-

-

-

At 30 September 2025

301,979

410,116

-

118,719

830,814

DEPRECIATION

At 1 October 2024

51,854

171,321

2,326

89,377

314,878

Charge for year

-

24,996

2,538

20,425

47,959

Eliminated on disposal

-

-

(4,864

)

-

(4,864

)

Revaluation adjustments

(58,755

)

-

-

-

(58,755

)

Reclassification/transfer

6,901

(6,901

)

-

-

-

At 30 September 2025

-

189,416

-

109,802

299,218

NET BOOK VALUE

At 30 September 2025

301,979

220,700

-

8,917

531,596

At 30 September 2024

215,206

220,534

7,824

29,342

472,906

Cost or valuation at 30 September 2025 is represented by:

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Cost

301,979

410,116

118,719

830,814

Included within the above are assets under finance lease of £89,899. Depreciation of £4,208 has been charged against these assets.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2024

and 30 September 2025

310,000

NET BOOK VALUE

At 30 September 2025

310,000

At 30 September 2024

310,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

638,931

728,597

Tax

-

24,527

Prepayments

107,634

103,346

746,565

856,470

Included within trade debtors are debts owed to the company upon which advances have been made by HSBC Invoice Financing Limited and disclosed as part of the creditors in note 8. At 30 September 2025 the amount advanced was £595,081 (2024: £652,845) and this sum is secured by way of a fixed and floating charge against all the company's assets.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

597,600

777,644

Amounts owed to group undertakings

122,195

121,779

Corporation Tax

-

21,526

Social security and other taxes

10,114

10,981

Pension

6,170

6,573

VAT

106,809

96,838

Invoice discounting loan

595,081

652,845

Domestic trade loans

256,502

-

Accrued and deferred income

28,108

35,362

1,722,579

1,723,548

The invoice discounting loan is secured against approved trade debtors.

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

32,500

32,500

Between one and five years

163,313

24,375

195,813

56,875

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Invoice discounting loan

595,081

652,845

10.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr D P Nott, a director, by virtue of a controlling interest of the issued ordinary share capital.