Company No: 05051641 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ms J Downs
	Mr S H Downs

SECRETARY

Mr E R Downs

REGISTERED OFFICE	Ground Floor Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

COMPANY NUMBER

05051641 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	88,975		89,978
		88,975		89,978
Current assets
Stocks		459,004		413,757
Debtors	5	110,450		95,612
Cash at bank and in hand		183,017		211,028
		752,471		720,397
Creditors: amounts falling due within one year	6	( 311,247)		( 256,157)
Net current assets		441,224		464,240
Total assets less current liabilities		530,199		554,218
Creditors: amounts falling due after more than one year	7	( 5,332)		( 11,321)
Provision for liabilities	8	( 8,195)		0
Net assets		516,672		542,897
Capital and reserves
Called-up share capital		100		100
Profit and loss account		516,572		542,797
Total shareholder's funds		516,672		542,897

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Jo Downs Glass Design Limited (registered number: 05051641) were approved and authorised for issue by the Board of Directors on 10 September 2026. They were signed on its behalf by:

Ms J Downs Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jo Downs Glass Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Keble House, Southernhay Gardens, Exeter, EX1 1NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods falling within the company's ordinary activities.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Other intangible assets	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
	25 % reducing balance
Leasehold improvements	5 - 10 years straight line
Plant and machinery	10 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	41		38

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2025	60,000		41,195		101,195
At 31 December 2025	60,000		41,195		101,195
Accumulated amortisation
At 01 January 2025	60,000		41,195		101,195
At 31 December 2025	60,000		41,195		101,195
Net book value
At 31 December 2025	0		0		0
At 31 December 2024	0		0		0

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	43,013		31,073		331,387		60,976		89,376		555,825
Additions	10,500		0		3,274		0		6,428		20,202
At 31 December 2025	53,513		31,073		334,661		60,976		95,804		576,027
Accumulated depreciation
At 01 January 2025	43,013		5,343		285,014		48,383		84,094		465,847
Charge for the financial year	0		2,220		12,609		3,148		3,228		21,205
At 31 December 2025	43,013		7,563		297,623		51,531		87,322		487,052
Net book value
At 31 December 2025	10,500		23,510		37,038		9,445		8,482		88,975
At 31 December 2024	0		25,730		46,373		12,593		5,282		89,978

5. Debtors

	2025		2024
	£		£
Trade debtors	0		1,136
Prepayments	106,233		91,672
Other debtors	4,217		2,804
	110,450		95,612

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,167		10,435
Trade creditors	44,429		49,087
Amounts owed to Group undertakings	17,599		0
Amounts owed to directors	3,981		2,123
Accruals	18,391		22,831
Other taxation and social security	115,572		95,914
Obligations under finance leases and hire purchase contracts	2,258		2,258
Other creditors	104,850		73,509
	311,247		256,157

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

	2025		2024
	£		£
Bank loans	0		3,731
Obligations under finance leases and hire purchase contracts	5,332		7,590
	5,332		11,321

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Profit and Loss Account	( 8,195)		0
At the end of financial year	( 8,195)		0

9. LEASING AGREEMENTS

Hire purchase contracts

	2025		2024
	£		£
Within one year	2,258		2,258
Between one and five years	5,332		7,590
	0		0
	7,589		9,848

Non-cancellable operating leases

	2025		2024
	£		£
Within one year	223,118		130,713
Between one and five years	389,595		317,187
In more than five years	478,680		358,000

10. SECURED DEBTS

	2025		2024
	£		£
Hire purchase contracts	7,590		9,848

Hire purchase liabilities are secured over the asset to which the liability relates.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

	2025		2024
	£		£
Balance outstanding at start of year	(2,123)		29,985
Amounts advanced	23,978		1,428
Amounts repaid	(21,855)		(33,536)
Balance outstanding at end of year	0		(2,123)

Interest has been charged at the H M Revenue and Customs official rate.