ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 01573582

JOHN GEORGE & SONS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

JOHN GEORGE & SONS LIMITED

COMPANY INFORMATION

Directors	D S Lambert
	J M Lambert
	J L Lambert


Registered number	01573582


Registered office	2/4 Deacon Way
	Reading
	Berkshire
	RG30 6AZ


Independent auditor	James Cowper Kreston Audit
	Chartered Accountants and Statutory Auditor
	Apex
	Forbury Road
	Reading
	Berkshire
	RG1 1AX

JOHN GEORGE & SONS LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditor's report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 20

JOHN GEORGE & SONS LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction

The directors present their strategic report for the year ended 31 December 2025.

Business review

The company’s turnover grew in 2025 compared to 2024 by 2.6%.

The company generated a profit before tax of £53k in 2025 compared to a profit of £44k in 2024.

This increase in turnover was due to organic growth in the customer base and the profit was maintained by controlling overheads within the business.

Principal risks and uncertainties

The directors consider that the main risks to which the group is exposed are:

∙bad debts, managed by strong credit control procedures: and

∙exchange rate movements, managed by currency hedging

Financial key performance indicators

The key performance indicators are noted above.

Future developments

The company continues to invest in its own brands whilst creating strategic partnerships with manufacturers to broaden the product ranges that are distributed.

This report was approved by the board on 10 July 2026 and signed on its behalf.

J M Lambert

Director

Page 1

JOHN GEORGE & SONS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors

The directors who served during the year were:

D S Lambert

J M Lambert

J L Lambert

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £31,780 (2024 - £29,348).

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 2

JOHN GEORGE & SONS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

This report was approved by the board and signed on its behalf.

J M Lambert

Director

Date: 10 July 2026

Page 3

JOHN GEORGE & SONS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN GEORGE & SONS LIMITED

Opinion

We have audited the financial statements of John George & Sons Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

JOHN GEORGE & SONS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN GEORGE & SONS LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

JOHN GEORGE & SONS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN GEORGE & SONS LIMITED (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

Page 6

JOHN GEORGE & SONS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN GEORGE & SONS LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Darren O'Connor BSc (Hons) ACA FCCA (Senior statutory auditor)

for and on behalf of

James Cowper Kreston Audit

Chartered Accountants and Statutory Auditor

Apex

Forbury Road

Reading

Berkshire

RG1 1AX

22 July 2026

Page 7

JOHN GEORGE & SONS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	4	14,311,576	13,946,131
Cost of sales		(8,849,485)	(8,915,848)
Gross profit		5,462,091	5,030,283
Distribution costs		(2,184,498)	(2,094,533)
Administrative expenses		(3,207,770)	(2,949,763)
Operating profit/(loss)	5	69,823	(14,013)
Interest receivable and similar income		1,035	502
Interest payable and similar expenses		165	(793)
Foreign exchange differences		(17,960)	57,872
Profit before tax		53,063	43,568
Tax on profit	9	(21,283)	(14,220)
Profit for the financial year		31,780	29,348

Other comprehensive income for the year
Total comprehensive income for the year		31,780	29,348

The notes on pages 11 to 20 form part of these financial statements.

Page 8

JOHN GEORGE & SONS LIMITED

REGISTERED NUMBER: 01573582

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	10		693,427		719,165
			693,427		719,165
Current assets
Stocks	11	5,366,834		5,587,537
Debtors: amounts falling due within one year	12	2,074,177		1,889,127
Cash at bank and in hand	13	36,979		56,543
		7,477,990		7,533,207
Creditors: amounts falling due within one year	14	(3,503,305)		(3,637,323)
Net current assets			3,974,685		3,895,884
Total assets less current liabilities			4,668,112		4,615,049
Provisions for liabilities
Deferred tax	16	(77,151)		(55,868)
			(77,151)		(55,868)
Net assets			4,590,961		4,559,181

Capital and reserves
Called up share capital	17	90,000	90,000
Share premium account		732,583	732,583
Profit and loss account		3,768,378	3,736,598
		4,590,961	4,559,181

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J M Lambert

Director

Date: 10 July 2026

The notes on pages 11 to 20 form part of these financial statements.

Page 9

JOHN GEORGE & SONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	90,000	732,583	3,707,250	4,529,833

Profit for the year	-	-	29,348	29,348

At 1 January 2025	90,000	732,583	3,736,598	4,559,181

Profit for the year	-	-	31,780	31,780
At 31 December 2025	90,000	732,583	3,768,378	4,590,961

The notes on pages 11 to 20 form part of these financial statements.

Page 10

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The company is a private limited company which is incorporated and domiciled in the UK. The address of the registered office is 2-4 Deacon Way, Reading, Berkshire, RG30 6AZ.

The principal activity of the company is that of importation, distribution and wholesale of products to merchants in the building, roofing, fencing and agricultural trades.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Deacon Holdings Limited as at 31 December 2025 and these financial statements may be obtained from Companies House.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue represents the sale of ironmongery parts to merchants in the building, roofing, fencing and agriculture trade. Revenue on the supply of goods is recognised on the date of delivery to the customer.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 11

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 12

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Motor vehicles	-	33.3% Reducing balance
				Fixtures and fittings	-	10% - 33.3% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 13

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make judgments, estimates and assumptions that effect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements(apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stock

Stock is not considered to be perishable or go out of date, however it is deemed reasonable to put in place a policy for slow moving stock.

	Sales	14,311,576	13,946,131

All turnover arose within the United Kingdom.

Page 14

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

	Depreciation	322,026	240,883
	Defined contribution pension cost	53,226	50,900

Fees payable to the Company's auditor for the audit of the Company's financial statements

24,225

23,100

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.

Wages and salaries	2,621,076	2,516,206
Social security costs	295,442	231,920
Cost of defined contribution scheme	53,226	50,900
	2,969,744	2,799,026

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administration	26	25
Distribution	62	58

	88	83

8.	Directors' remuneration

The company's key management personel comprise entirely of the directors of the business. Directors remuneration is disclosed in the consolidated accounts of the parent company.

Page 15

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Corporation tax
Adjustments in respect of previous periods	-	(296)
	-	(296)

Total current tax	-	(296)

Deferred tax
Origination and reversal of timing differences	21,283	14,516
Total deferred tax	21,283	14,516


		21,283	14,220

Profit on ordinary activities before tax

53,063

43,568

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	13,266	10,892
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	331	3,624
Adjustment to tax in respect of prior periods	-	(296)
Other differences leading to an increase (decrease) in the tax charge	(79)	-
Group relief	7,765	-
Total tax charge for the year	21,283	14,220

Factors that may affect future tax charges

There are no factors that may effect future tax charges

Page 16

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2025	1,520,565	814,373	2,334,938
Additions	272,806	59,657	332,463
Disposals	(237,624)	(52,807)	(290,431)
At 31 December 2025	1,555,747	821,223	2,376,970
Depreciation
At 1 January 2025	888,115	727,658	1,615,773
Charge for the year	240,527	81,499	322,026
Disposals	(202,507)	(51,749)	(254,256)
At 31 December 2025	926,135	757,408	1,683,543
Net book value
At 31 December 2025	629,612	63,815	693,427
At 31 December 2024	632,450	86,715	719,165

The remaining net book value of assets held under hire purchase agreements was £nil (2024:
£27,418).

11.	Stocks
		2025	2024
		£	£

	Finished goods and goods for resale	5,366,834	5,587,537

12.

Debtors

					2025	2024
					£	£


Trade debtors	1,598,963	1,675,313
Other debtors	289,527	-
Prepayments and accrued income	185,687	213,814
	2,074,177	1,889,127

Page 17

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	36,979	56,543
	36,979	56,543

14.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	1,225,700	884,080
Amounts owed to group undertakings	1,642,437	2,193,437
Other taxation and social security	308,143	266,193
Obligations under finance lease and hire purchase contracts	-	3,196
Other creditors	-	13,186
Accruals and deferred income	327,025	277,231
	3,503,305	3,637,323

15.	Financial instruments
		2025	2024
		£	£

	Financial assets
	Financial assets measured at ammortised cost	1,888,490	1,675,313

	Financial liabilities
	Financial liabilities measured at amortised cost	3,195,162	3,354,748

	Financial assets measured at amortised cost comprise trade debtors and other debtors.
	Financial liabilities measured at amortised cost compromise trade creditors, amounts due to group undertakings and connected companies, other creditors and accruals.

Page 18

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	Deferred taxation

		2025
		£

	At beginning of year	(55,868)
	Charged to profit or loss	(21,283)
	At end of year	(77,151)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(86,578)	(98,058)
Tax losses carried forward	9,427	42,190
	(77,151)	(55,868)

17.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

90,000 (2024 - 90,000) Ordinary shares of £1.00 each	90,000	90,000

18.	Pension commitments

The company operates a defined contributions pension scheme . The assets of the scheme are held separately from those of the company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £53,226 (2024: £50,900). Contributions totalling £Nil (2024: £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 19

JOHN GEORGE & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Not later than 1 year	162,000	209,500
Later than 1 year and not later than 5 years	195,708	523,958
	357,708	733,458

20.Other financial commitments

At the year end the company had forward contracts as follows to purchase EUR €290,000 and US $1,838,350 (2024: EUR €400,000 and US $2,638,940) with a fair value of £1,619,888 (2024: £2,431,820). The effect of the revluation was a gain of £17,960 (2024: Loss of £57,872) which has been recognised in the profit and loss.

21.	Related party transactions
	The directors of John George & Sons Limited are also directors of another company. During the year sales were made of £48,558 (2024: £28,491) and purchases were made of £189 (2024: £966). At the balance sheet date the total due to the company was £4,244 (2024: £13,186).

22.	Controlling party

The parent company is Deacon Holdings Limited, a company incorporated in the UK, whose registered office is Grove House, Icknield Road, Goring, Berkshire, RG8 0LT.

The ultimate controlling party is a Trust, in which there is no controlling party.

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