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Registered number:
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
COMPANY INFORMATION
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LARSON-JUHL UK LIMITED
CONTENTS
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LARSON-JUHL UK LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 4 JANUARY 2026
The Directors have pleasure in presenting their report and the financial statements of the company for the period ended 4 January 2026.
Sales in Larson-Juhl UK Limited in 2025 were 0.1% up on 2024, the upturn was mainly in the UK market. The key issues in the export market were generally weak markets in key territories. Margins increased by 0.4% of sales as product mix improved.
The Company continued its programme of building connectivity to its customer base backed up by very strong service performance. This work has proved very effective in maintaining and gaining market share and will continue in the coming years. Larson-Juhl UK Limited is committed to protecting its IT infrastructure against cyber-attacks and has installed significant reliance in this area to safeguard the company’s systems, its customers and shareholders against the effect of malicious cyber attacks. This work is ongoing. Overall, operating incomes exceeded expectations due to sophisticated control of costs and balance sheet strength. Therefore, the directors are satisfied with the overall performance of the business.
The main risks for the company are associated with the growth profile for the UK economy and in turn from global issues such as the Ukraine war and international trade barriers. In addition, there are UK specific issues that are of concern including the increase in Employers NI and Business Rates. These affect the company and of course its customers.
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LARSON-JUHL UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
This report was approved by the board and signed on its behalf.
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LARSON-JUHL UK LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 4 JANUARY 2026
The directors present their report and the financial statements for the period ended 4 January 2026.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
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 judgements 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.
The profit for the period, after taxation, amounted to £1,039,974 (2024 - £1,817,869).
Dividends paid and declared in the period amounted to £1,000,000 (Period ended 29 December 2024 - £1,775,786).
The directors who served during the period were:
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LARSON-JUHL UK LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
During the year regular meetings are held between management and employees to allow a free flow of information and ideas. The Directors recognise the benefits by keeping employees informed on the progress of the Company and its performance.
Health & Safety of employees is paramount and it is our policy to consider the skills of disabled persons fully and fairly. Opportunities are available to disabled employees for training, career development and promotion. Where existing employees become disabled, it is the Company’s policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training if required.
The auditors, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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LARSON-JUHL UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LARSON-JUHL UK LIMITED
We have audited the financial statements of Larson-Juhl UK Limited (the 'Company') for the period ended 4 January 2026, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including 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 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.
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LARSON-JUHL UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LARSON-JUHL UK LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.
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 period 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.
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.
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.
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LARSON-JUHL UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LARSON-JUHL UK LIMITED (CONTINUED)
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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• enquiry of management and those charged with governance around actual and potential litigation and claims; • enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations; • performing audit work over the risk of 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 bias; • reviewing minutes of meetings of those charged with governance; • reviewing financial statement disclosures and testing to supporting documentation to access compliance with applicable laws and regulations.
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.
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 Auditors' Report.
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LARSON-JUHL UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LARSON-JUHL UK LIMITED (CONTINUED)
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 Auditors' 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.
for and on behalf of
Statutory Auditors
Milton Keynes, United Kingdom
Date: MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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LARSON-JUHL UK LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
REGISTERED NUMBER: 01196875
BALANCE SHEET
AS AT 4 JANUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 29 form part of these financial statements.
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LARSON-JUHL UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
Larson-Juhl UK Limited is a limited liability company, incorporated in England & Wales.
The Registered Office and principal place of business is Unit 5 Bedford Logistics Park, Bell Farm Way, Kempston, Bedfordshire, MK43 9SS. The financial statements are prepared and rounded to the nearest £1.
2.Accounting policies
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 judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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 Berkshire Hathaway Inc, a company incorporated in the USA as at 4 January 2026 and these financial statements may be obtained from 1440 Kiewit Plaza, Omaha, Nebraska, USA.
The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The Directors have performed a robust analysis of forecast future cash flows taking into account the potential impact on the business of possible future scenarios arising from the cost of living crisis and other external economic factors. This analysis also considers the effectiveness of available measures to assist in mitigating the impact.
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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.
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
2.Accounting policies (continued)
method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
assumptions that affect the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. There are no judgments that have had a significant effect on amounts recognised in the Financial Statements. i) Debtors An allowance for doubtful debts is maintained for potential credit losses based upon managements assessment of expected collectability of all accounts receivable. The allowance for doubtful accounts is reviewed periodically to access the adequacy of the allowance. In making this assessment, management takes into consideration any circumstances of which they are aware regarding a customers inability to meet its financial obligations. ii) Useful economic lives of tangible fixed assets The useful economic lives used by the company in respect of tangible fixed assets are set out in the accounting policies. These estimates are the best estimate based on past experience and expected performance and are regularly reviewed to ensure they remain appropriate. The net book value of tangible fixed assets as at 4 January 2026 was £742,960 after a depreciation charge in the period of £330,993. iii) Provision for slow moving and obsolete stock The provision is made in accordance with Company guidelines and based on past experiences. This involves an assessment of the continuability of each stock line (eg discontinued) alongside a projection of future sales based on management judgements. The stock provision recognised as at 4 January 2026 was £306,887 (as at 29 December 2024: £359,597).
The whole of the turnover is attributable to the one principle activity of the Company.
Analysis of turnover by country of destination:
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
11.Taxation (continued)
There were no factors that may affect future tax charges.
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
Financial instruments are held at amortised cost.
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
Profit and loss account
The Company is part of a registered VAT group. In accordance with VAT group registration rules there is automatically a cross guarantee given to H.M. Revenue and Customs in respect of the combined VAT liability of the group companies.
The Company is party to a defined contribution 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 £99,389 (Period ended 29 December 2024: £97,390).
At the period end, there were balances outstanding to the scheme of £11,797 (Period ended 29 December 2024: £18,847).
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LARSON-JUHL UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
Northampton Acquisition Limited is the immediate parent undertaking of Larson-Juhl UK Limited.
Berkshire Hathaway Inc, a company incorporated in the USA, is the controlling party and Ultimate Parent Undertaking of the largest group of which Larson-Juhl UK Limited is a member and for which consolidated financial statements are drawn up. The principal place of business of Berkshire Hathaway Inc. is 1440 Kiewit Plaza, Omaha, Nebraska 68121, USA. The financial statements of the Group are available to the public from this address.
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