REGISTERED NUMBER: SC704674 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

C&J WHOLESALE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Claudio Celino

Joanne Celino

REGISTERED OFFICE:

c/o DM McNaught & Co Ltd

166 Buchanan Street

Glasgow

G1 2LW

REGISTERED NUMBER:

SC704674 (Scotland)

ACCOUNTANTS:

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

FIXED ASSETS

Tangible assets

4

241,438

252,394

CURRENT ASSETS

Stocks

26,844

20,388

Debtors

5

290,060

283,007

Cash at bank

37,756

19,727

354,660

323,122

CREDITORS

Amounts falling due within one year

6

643,400

729,578

NET CURRENT LIABILITIES

(288,740

)

(406,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,302

)

(154,062

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(47,304

)

(154,064

)

SHAREHOLDERS' FUNDS

(47,302

)

(154,062

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 20 May 2026 and were signed on its behalf by:

Claudio Celino - Director

1.	STATUTORY INFORMATION

C&J Wholesale Ltd 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 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.

Deferred tax

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.

Hire purchase and leasing commitments

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

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 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

322,247

Additions

28,194

At 31 December 2025

350,441

DEPRECIATION

At 1 January 2025

69,853

Charge for year

39,150

At 31 December 2025

109,003

NET BOOK VALUE

At 31 December 2025

241,438

At 31 December 2024

252,394

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

92,218

188,654

Other debtors

197,842

94,353

290,060

283,007

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

73,148

141,202

Taxation and social security

10,162

25,810

Other creditors

560,090

562,566

643,400

729,578

7.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £375,094 (2024 - £375,094) owed to Tutto per Tutti Ltd. This is in respect of a loan provided, with no fixed terms for repayment and no interest charged.

Mr C Celino and Mrs J Celino are directors and shareholders of Tutto per Tutti Ltd.

Included in creditors is an amount of £178,232 (2024 - £178,232) owed to C&J (Glasgow) Ltd. This is in respect of a loan provided, with no fixed terms for repayment and no interest charged.

Mr C Celino and Mrs J Celino are directors and shareholders of C&J (Glasgow) Ltd.

8.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.

9.	GOING CONCERN

The balance sheet shows net liabilities of £47,302 (2024 - £154,062) including loans from associated companies totalling £553,326. As the company retains the support of the directors and the associated companies the accounts have been prepared on a going concern basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C&J Wholesale Ltd for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of C&J Wholesale Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C&J Wholesale Ltd and state those matters that we have agreed to state to the Board of Directors of C&J Wholesale Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C&J Wholesale Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C&J Wholesale Ltd. You consider that C&J Wholesale Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C&J Wholesale Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

20 May 2026