ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 01399398

COOMERS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

COOMERS LIMITED

COMPANY INFORMATION

Directors	S F Coomer
	G B Coomer
	V A Coomer (appointed 12 November 2025)


Company secretary	S F Coomer


Registered number	01399398


Registered office	5 Woolmer Way
	Bordon
	Hampshire
	GU35 9QE


Independent auditor	Shaw Gibbs (Audit) Limited
	Statutory auditor
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

COOMERS LIMITED

CONTENTS

	Page
Strategic Report	1
Directors' Report	2 - 3
Independent Auditor's Report	4 - 7
Statement of Comprehensive Income	8
Statement of Financial Position	9 - 10
Statement of Changes in Equity	11 - 12
Notes to the Financial Statements	13 - 30

COOMERS LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The year ended 31st January 2026 was another challenging year, as difficult market conditions persist in the construction sector, and in the wider economy.

Though turnover was up on the prior year, by 3.7%, the gross profit margin was down by 1%, resulting in an overall reduction in gross profit of 0.7%. This reduction in both margins and gross profit is a reflection of the competitive nature of the market. Online operators and bricks-and-mortar merchants alike, are all battling for a share of a slightly smaller market, which often then leads to a straight price-fight.

The challenge is exacerbated as the fixed costs for the business continue to rise. Transport and haulage; employment costs (National Insurance and National Living Wage); Business Rates; and energy costs have also risen significantly, putting upward pressure on operating costs.

Whilst recognising and trying to mitigate these costs, the business has nonetheless maintained a strong focus on getting the basics right. Staffing and stock levels have been maintained and strengthened, and the premises continue to benefit from ongoing investment and improvements.

It is hard to predict when there will be a significant upturn in the housing and construction sector, but when that time inevitably comes, the business is well placed to benefit from increased market demand and volumes.

In the meantime, key supplier relationships continue to be developed, and the business gains enormously from its membership of the National Buying Group - not just through volume buying but also being able to benchmark performance and share best practice with other independent builders' merchants.

The net assets at the end of January 2026 increased.

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

G B Coomer

Director

Date: 23 October 2026

Page 1

COOMERS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 JANUARY 2026

The directors present their report and the financial statements for the year ended 31 January 2026.

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 £970,209 (2025 - £1,486,244).

Dividends of £325,000 were paid during the year (2025 - £961,200).

Directors

The directors who served during the year were:

S F Coomer

G B Coomer

V A Coomer (appointed 12 November 2025)

Matters covered in the Strategic Report

The principal risks and uncertainties and future developments are covered in the Strategic report.

Page 2

COOMERS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2026

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.

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

G B Coomer

Director

Date: 23 October 2026

Page 3

COOMERS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COOMERS LIMITED

Opinion

We have audited the financial statements of Coomers Limited (the 'Company') for the year ended 31 January 2026, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, 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 January 2026 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.

Page 4

COOMERS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COOMERS LIMITED (CONTINUED)

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.

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

COOMERS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COOMERS 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.

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:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As in all our audits, we also addressed the risk of management override of internal controls. This involved testing journals and evaluating whether there was evidence of bias by the directors, including bias within significant accounting estimates, that represented a risk of material misstatement due to fraud.

We did not identify any key audit matters relating to irregularities, including fraud.

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

COOMERS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COOMERS 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.

Keely Harvey FCA (Senior Statutory Auditor)

for and on behalf of

Shaw Gibbs (Audit) Limited

Statutory auditor

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

26 October 2026

Page 7

COOMERS LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 JANUARY 2026

	2026	2025
Note	£	£


Turnover	4	15,460,730	14,910,648
Cost of sales		(11,828,014)	(11,251,215)
Gross profit		3,632,716	3,659,433
Administrative expenses		(2,011,712)	(1,863,654)
Other operating income	5	3,402	7,798
Fair value movements		96,506	523,500
Operating profit	7	1,720,912	2,327,077
Interest receivable and similar income	11	78,176	80,166
Interest payable and similar expenses	12	(403,587)	(416,186)
Profit before tax		1,395,501	1,991,057
Tax on profit	13	(425,292)	(504,813)
Profit for the financial year		970,209	1,486,244

Other comprehensive income for the year
Unrealised surplus on revaluation of tangible fixed assets	16,413	12,500
Other comprehensive income for the year	16,413	12,500
Total comprehensive income for the year	986,622	1,498,744

The notes on pages 13 to 30 form part of these financial statements.

Page 8

COOMERS LIMITED

REGISTERED NUMBER: 01399398

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	14		10,429,215		9,774,573
Investments	15		1,300		1,300
			10,430,515		9,775,873
Current assets
Stocks	16	1,624,096		1,662,448
Debtors: amounts falling due within one year	17	7,158,411		7,154,004
Cash at bank and in hand		976,834		1,420,209
		9,759,341		10,236,661
Creditors: amounts falling due within one year	18	(1,624,202)		(1,737,448)
Net current assets			8,135,139		8,499,213
Total assets less current liabilities			18,565,654		18,275,086
Creditors: amounts falling due after more than one year	19		(9,842,672)		(10,360,324)
Provisions for liabilities
Deferred tax	21	(439,486)		(292,888)
			(439,486)		(292,888)
Net assets			8,283,496		7,621,874

Capital and reserves
Called up share capital	22	7,525	7,525
Revaluation reserve	23	652,449	636,036
Capital redemption reserve	23	2,515	2,515
Fair value movement reserve	23	450,000	450,000
Profit and loss account	23	7,171,007	6,525,798
		8,283,496	7,621,874

Page 9

COOMERS LIMITED

REGISTERED NUMBER: 01399398

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

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

G B Coomer

Director

Date: 23 October 2026

The notes on pages 13 to 30 form part of these financial statements.

Page 10


		COOMERS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Capital redemption reserve	Revaluation reserve	Fair value movement reserve	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 February 2025	7,525	2,515	636,036	450,000	6,525,798	7,621,874
Comprehensive income for the year
Profit for the year	-	-	-	-	970,209	970,209
Surplus on revaluation of freehold property	-	-	16,413	-	-	16,413
Other comprehensive income for the year	-	-	16,413	-	-	16,413
Total comprehensive income for the year	-	-	16,413	-	970,209	986,622
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	-	(325,000)	(325,000)
Total transactions with owners	-	-	-	-	(325,000)	(325,000)
At 31 January 2026	7,525	2,515	652,449	450,000	7,171,007	8,283,496

The notes on pages 13 to 30 form part of these financial statements.

Page 11


		COOMERS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

	Called up share capital	Capital redemption reserve	Revaluation reserve	Fair value movement reserve	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 February 2024	7,525	2,515	623,536	-	6,450,754	7,084,330
Comprehensive income for the year
Profit for the year	-	-	-	-	1,486,244	1,486,244
Surplus on revaluation of freehold property	-	-	12,500	-	-	12,500
Other comprehensive income for the year	-	-	12,500	-	-	12,500
Total comprehensive income for the year	-	-	12,500	-	1,486,244	1,498,744
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	-	(961,200)	(961,200)
Transfer to/from profit and loss account	-	-	-	450,000	(450,000)	-
Total transactions with owners	-	-	-	450,000	(1,411,200)	(961,200)
At 31 January 2025	7,525	2,515	636,036	450,000	6,525,798	7,621,874

The notes on pages 13 to 30 form part of these financial statements.

Page 12

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Coomers Limited, 01399398, is a private company limited by shares. It is incorporated in England and Wales. The registered office is 5 Woolmer Way, Bordon, Hampshire, GU35 9QE.

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 financial statements are presented in GBP to whole £s.

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).

This information is included in the consolidated financial statements of Coomers Group Holdings Limited as at 31 January 2026 and these financial statements may be obtained from 3-5 Woolmer Way, Bordon, Hampshire, GU35 9QE.

Page 13

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

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.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 14

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

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 Statement of Financial Position. 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 reporting 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 reporting 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 reporting date.

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.

Page 15

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Tangible fixed assets (continued)

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:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	20% reducing balance
Computer equipment	-	20% reducing balance / 20% 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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.11

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.12

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

Page 16

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.13

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.

2.14

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.

2.15

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.

2.16

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.

2.17

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.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

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.

Page 17

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.17

Financial instruments (continued)

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.

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 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 18

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

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

In the application of the Company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision or future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Valuation of freehold property:
The directors are aware of movements in commercial property values and compare the carrying value against market data to ensure the carrying value is not materially different from the fair value at the year end. The carrying value of freehold property is disclosed in note 14.

Valuation of preference shares:
The market value of the redeemable preference shares is dependent upon estimated future cashflows which are based upon the market value of the freehold properties. The directors have estimated the change in market value over the anticipated redemption period and calculated the net present value of future cashflows using an estimated discount factor based upon current economic conditions. The market value of these preference shares and underlying estimates will be assessed annually.

Turnover

The whole of the turnover is attributable to trading in building materials.

All turnover arose within the United Kingdom.

5.	Other operating income
		2026	2025
		£	£

	Other operating income	3,402	7,798

6.	Fair value movements
		2026	2025
		£	£


Property revaluation	96,506	73,500
Preference share liability revaluation	-	450,000
	96,506	523,500

Page 19

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Depreciation	272,464	234,854
Surplus/(loss) on revaluation of tangible fixed assets	16,413	12,500
Fair value movement	(96,506)	(523,500)

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

20,000

14,000

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	2,193,463	2,138,478
Social security costs	275,025	218,199
Cost of defined contribution scheme	100,029	101,186
	2,568,517	2,457,863

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

	2026	2025
	No.	No.

All employees	61	64

Page 20

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	Directors' remuneration
		2026	2025
		£	£

Directors' emoluments	181,485	155,023
Company contributions to defined contribution pension schemes	22,976	24,281
	204,461	179,304

During the year retirement benefits were accruing to 1 director (2025 - 1) in respect of defined contribution pension schemes.

11.	Interest receivable
		2026	2025
		£	£

Other interest receivable

78,176

80,166

Page 21

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

12.	Interest payable and similar expenses
		2026	2025
		£	£

Bank interest payable	8,608	20,156
Other loan interest payable	394,979	396,030
	403,587	416,186

Corporation tax
Current tax on profits for the year	279,886	501,191
Adjustments in respect of previous periods	(1,192)	31,922

Total current tax	278,694	533,113

Deferred tax
Origination and reversal of timing differences	146,598	(28,300)
Total deferred tax	146,598	(28,300)


	Tax on profit	425,292	504,813

Page 22

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

13.Taxation (continued)

Profit on ordinary activities before tax

1,395,501

1,991,057

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%)	348,875	497,764
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	2,275	3,374
Capital allowances for year in excess of depreciation	(145,948)	31,900
Changes in provisions leading to an increase (decrease) in the tax charge	66	20
Unrealised gain on preference shares redemption value	-	(112,500)
Unrealised gain on freehold property revaluation	(24,127)	(18,375)
Preference share dividends	98,745	99,008
Deferred tax movement	146,598	(28,300)
Underprovision in prior years	(1,192)	31,922
Total tax charge for the year	425,292	504,813

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 23


		COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

14.

Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 February 2025	8,844,645	787,566	1,045,036	489,269	106,379	11,272,895
Additions	10,405	451,396	370,242	27,811	3,100	862,954
Disposals	-	(113,180)	(140,074)	(84,677)	(2,944)	(340,875)
Revaluations	112,919	-	-	-	-	112,919
At 31 January 2026	8,967,969	1,125,782	1,275,204	432,403	106,535	11,907,893
Depreciation
At 1 February 2025	-	437,562	625,350	374,722	60,688	1,498,322
Charge for the year on owned assets	-	80,589	156,262	24,126	11,487	272,464
Disposals	-	(70,840)	(132,543)	(85,864)	(2,861)	(292,108)
At 31 January 2026	-	447,311	649,069	312,984	69,314	1,478,678
Net book value
At 31 January 2026	8,967,969	678,471	626,135	119,419	37,221	10,429,215
At 31 January 2025	8,844,645	350,004	419,686	114,547	45,691	9,774,573

Page 24

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

The freehold properties were revalued on 8 December 2023 by Vail Williams on an open market existing use basis and the properties are restated at that valuation. As at the year end the directors have reviewed the valuation of these properties and based upon current market conditions have adjusted the carrying value accordingly.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
	2026	2025
	£	£


Cost	9,341,874	9,331,469
Accumulated depreciation	(1,463,784)	(1,352,533)
Net book value	7,878,090	7,978,936

15.	Fixed asset investments

		Trade investments
		£

	At 1 February 2025 and 31 January 2026	1,300

16.	Stocks
		2026	2025
		£	£

	Finished goods and goods for resale	1,624,096	1,662,448

17.

Debtors

					2026	2025
					£	£


Trade debtors	1,366,268	1,070,181
Amounts owed by group undertakings	5,292,560	5,470,056
Other debtors	383,764	564,102
Prepayments and accrued income	115,819	49,665
	7,158,411	7,154,004

Page 25

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

18.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	-	135,511
Payments received on account	36,448	28,274
Trade creditors	1,178,245	1,062,205
Corporation tax	17,298	147,264
Other taxation and social security	235,680	213,164
Other creditors	33,235	32,374
Accruals and deferred income	123,296	118,656
	1,624,202	1,737,448

19.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	504,401
Preference shares classed as debt	9,842,672	9,855,923
	9,842,672	10,360,324

Preference shares classed as debt:

During 2022, 4,518 preference shares of £1 were issued at nominal value. Dividends are non-discretionary and are to be paid at 4.75% per annum of the market value of three properties owned by the company, after £100,000 had firstly been paid to the ordinary shareholders. The preference shares are redeemable after 10 years at the issuer's discretion, with the redemption price being the market value of the three properties. The preference shares have therefore been recognised as a liability at their fair value. The difference between the transaction price and the fair value has been recognised as a distribution of reserves. The fair value of the preference shares has been determined by the directors estimating change in market value over the anticipated redemption period and calculated the net present value of future cashflows using an estimated discount factor based upon current economic conditions. Subsequent fair value adjustments are recognised through the profit and loss.

Page 26

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Amounts falling due within one year
Bank loans	-	135,511
Amounts falling due 1-2 years
Bank loans	-	504,401


	-	639,912

Page 27

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

21.	Deferred taxation

		2026
		£

	At beginning of year	292,888
	Charged to profit or loss	146,598
	At end of year	439,486

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Accelerated capital allowances

439,486

292,888

22.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

2,505 (2025 - 2,505) Ordinary A shares of £1.00 each	2,505	2,505
5 (2025 - 5) Ordinary B shares of £1.00 each	5	5
5,015 (2025 - 5,015) Ordinary D shares of £1.00 each	5,015	5,015

	7,525	7,525

Page 28

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

23.

Reserves

Revaluation reserve

Includes cumulative unrealised gains recognised on the revaluation of freehold properties less deferred
tax thereon. This is a non distributable reserve.

Capital redemption reserve

This is a non distributable reserve representing paid up share capital.

Fair value movement reserve

This is the fair value movement on the preference share liability classed as debt. See note 19 the preference share liability is recognised at fair value.

Profit and loss account

Includes cumulative profits and losses net of other adjustments.

Motor Vehicles	-	406,493
Plant and Machinery	-	130,321
	-	536,814

25.	Pension commitments

The company operates 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 amounted to £158,172 (2025: £101,186). Contributions totalling £12,553 (2025: £12,481) were payable to the fund at the balance sheet date.

Page 29

COOMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

26.

Related party transactions

Coomers Group Holdings Limited was incorporated on 4 December 2020 and acquired a majority shareholding in Coomers Limited on 2 March 2021.

At the year end Coomers Group Holdings Limited owed the company £5,292,560 (2025 - £5,470,056).

During the year the company paid a total of £325,000 (2025 - £961,200) dividends to its shareholders, in accordance with its shareholdings.

As per note 18, the company issued preference shares in 2022 to its shareholders. The total financial charge for the year on the preference shares was £394,980 (2025 - £396,030).

The total liability on the preference shares payable to Coomers Group Holdings Limited is £3,275,868 (2025 - £3,275,598).

27.	Controlling party

The immediate and ultimate parent company is Coomers Group Holdings Limited, a company incorporated in England and Wales. The parent company's registered office is 3-5 Woolmer Way, Bordon, Hampshire, GU35 9QE. Coomers Group Holdings Limited is the largest and smallest company in the group that prepares consolidated accounts. The consolidated accounts can be obtained from Companies House.

The ultimate controlling party is Mr G Coomer, a director and shareholder of the parent company.

Page 30