REGISTERED NUMBER: 04243630 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2026

for

J.T.S. (Cushions) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

S Shrimpton

J S Shrimpton

SECRETARY:

T A Shrimpton

REGISTERED OFFICE:

Unit C

Gresley Road

Keighley

West Yorkshire

BD21 5JG

REGISTERED NUMBER:

04243630 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

7,202

10,359

Tangible assets

6

429,326

210,449

436,528

220,808

CURRENT ASSETS

Stocks

7

1,803,758

1,484,820

Debtors

8

1,482,079

1,481,134

Cash at bank

96,667

53,028

3,382,504

3,018,982

CREDITORS

Amounts falling due within one year

9

1,787,659

1,399,163

NET CURRENT ASSETS

1,594,845

1,619,819

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,373

1,840,627

CREDITORS

Amounts falling due after more than one year

10

(168,269

)

(75,365

)

PROVISIONS FOR LIABILITIES

(93,199

)

(37,985

)

NET ASSETS

1,769,905

1,727,277

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,769,805

1,727,177

SHAREHOLDERS' FUNDS

1,769,905

1,727,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2026 and were signed on its behalf by:

S Shrimpton - Director

1.	STATUTORY INFORMATION

J.T.S. (Cushions) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

over the period of the lease

Plant & machinery

-

25% on cost

Fixtures & fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on 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 assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

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 and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, 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 receipts discounted at a market rate of interest for a similar debt instrument.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2025 - 79 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2025

and 31 July 2026

109,833

AMORTISATION

At 1 August 2025

99,474

Amortisation for year

3,157

At 31 July 2026

102,631

NET BOOK VALUE

At 31 July 2026

7,202

At 31 July 2025

10,359

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

Fixtures

property

machinery

& fittings

£

£

£

COST

At 1 August 2025

320,299

339,942

311,103

Additions

-

134,734

39,375

At 31 July 2026

320,299

474,676

350,478

DEPRECIATION

At 1 August 2025

316,328

276,284

302,762

Charge for year

-

30,023

7,401

At 31 July 2026

316,328

306,307

310,163

NET BOOK VALUE

At 31 July 2026

3,971

168,369

40,315

At 31 July 2025

3,971

63,658

8,341

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2025

167,424

95,147

1,233,915

Additions

127,980

7,940

310,029

At 31 July 2026

295,404

103,087

1,543,944

DEPRECIATION

At 1 August 2025

42,441

85,651

1,023,466

Charge for year

49,737

3,991

91,152

At 31 July 2026

92,178

89,642

1,114,618

NET BOOK VALUE

At 31 July 2026

203,226

13,445

429,326

At 31 July 2025

124,983

9,496

210,449

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2025

115,424

Additions

57,990

At 31 July 2026

173,414

DEPRECIATION

At 1 August 2025

22,994

Charge for year

25,336

At 31 July 2026

48,330

NET BOOK VALUE

At 31 July 2026

125,084

At 31 July 2025

92,430

7.

STOCKS

31.7.26

31.7.25

£

£

Stocks

1,803,758

1,484,820

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Trade debtors

1,175,945

1,189,270

Other debtors

71,625

12,692

Prepayments

234,509

279,172

1,482,079

1,481,134

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Bank loans and overdrafts

23,171

58,334

Hire purchase contracts

24,406

11,312

Trade creditors

543,865

451,967

Corporate taxation

10,778

36,739

Social security & other taxes

350,997

302,959

Invoice discounting

603,122

407,316

Directors' current accounts

49,990

-

Accrued expenses

181,330

130,536

1,787,659

1,399,163

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.26

31.7.25

£

£

Bank loans - 1-2 years

23,171

-

Bank loans - 2-5 years

62,076

-

Hire purchase contracts

83,022

75,365

168,269

75,365

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.26

31.7.25

£

£

Hire purchase contracts

107,428

86,677

Invoice discounting

603,122

407,316

710,550

493,993

All assets debenture with fixed and floating charges over the undertaking and all property and assets present and future.

Invoice discounting is secured against the book debts of the company.

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 Statement of Financial Position. 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 J.T.S. (Cushions) Ltd for the year ended 31 July 2026 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.T.S. (Cushions) Ltd, as a body, in accordance with the terms of our engagement letter dated 10 January 2005. Our work has been undertaken solely to prepare for your approval the financial statements of J.T.S. (Cushions) Ltd and state those matters that we have agreed to state to the Board of Directors of J.T.S. (Cushions) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.T.S. (Cushions) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.T.S. (Cushions) 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 J.T.S. (Cushions) Ltd. You consider that J.T.S. (Cushions) 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 J.T.S. (Cushions) 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.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

22 October 2026