REGISTERED NUMBER: 01214692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

Lovell Johns Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Murray

D P Stephens

M P Evans

REGISTERED OFFICE:

10 Hanborough Business Park

Long Hanborough

Witney

Oxfordshire

OX29 8RU

REGISTERED NUMBER:

01214692 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

39,313

45,363

Investments

6

2

2

39,315

45,365

CURRENT ASSETS

Stocks

274,495

284,851

Debtors

7

318,462

276,392

Cash at bank and in hand

262,774

357,395

855,731

918,638

CREDITORS

Amounts falling due within one year

8

429,416

455,346

NET CURRENT ASSETS

426,315

463,292

TOTAL ASSETS LESS CURRENT LIABILITIES

465,630

508,657

PROVISIONS FOR LIABILITIES

1,388

3,587

NET ASSETS

464,242

505,070

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

10

2

2

Retained earnings

10

464,140

504,968

SHAREHOLDERS' FUNDS

464,242

505,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 14 September 2026 and were signed on its behalf by:

E Murray - Director

1.	STATUTORY INFORMATION

Lovell Johns 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% 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, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision 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

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 17 (2025 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 July 2025

and 30 June 2026

120,042

AMORTISATION

At 1 July 2025

and 30 June 2026

120,042

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2025

31,577

116,838

173,803

322,218

Additions

-

-

11,308

11,308

At 30 June 2026

31,577

116,838

185,111

333,526

DEPRECIATION

At 1 July 2025

9,999

108,832

158,024

276,855

Charge for year

3,235

4,977

9,146

17,358

At 30 June 2026

13,234

113,809

167,170

294,213

NET BOOK VALUE

At 30 June 2026

18,343

3,029

17,941

39,313

At 30 June 2025

21,578

8,006

15,779

45,363

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2025

and 30 June 2026

2

NET BOOK VALUE

At 30 June 2026

2

At 30 June 2025

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

136,670

77,064

Other debtors

181,792

199,328

318,462

276,392

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

213,296

225,359

Taxation and social security

139,794

138,796

Other creditors

76,326

91,191

429,416

455,346

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

45

A Ordinary

£1

45

45

45

B Ordinary

£1

45

45

5

C Ordinary

£1

5

5

5

D Ordinary

£1

5

5

100

100

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2025

504,968

2

504,970

Profit for the year

349,172

349,172

Gift to Employee Ownership

Trust

(390,000

)

-

(390,000

)

At 30 June 2026

464,140

2

464,142

11.	SALE TO AN EMPLOYEE OWNERSHIP TRUST

On the 26th February 2021 Lovell Johns Limited was acquired by an Employee Ownership Trust. Trident Trust Company Limited in its capacity as trustee of the Lovell Johns Employee Ownership Trust is now the sole shareholder of the company.