REGISTERED NUMBER: SC201931 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

JOLOMO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

John Lowrie Morrison

Maureen Morrison

Peter Morrison

Simon John Morrison

SECRETARY:

Maureen Morrison

REGISTERED OFFICE:

R A Clement Associates

5 Argyll Square

OBAN

PA34 4AZ

REGISTERED NUMBER:

SC201931 (Scotland)

ACCOUNTANTS:

R A Clement Associates

Chartered Accountants

Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

173,052

484,905

Investments

6

1,761

1,761

174,813

486,666

CURRENT ASSETS

Stocks

72,000

73,500

Debtors

7

318,990

338,936

Cash at bank

1,012,277

497,409

1,403,267

909,845

CREDITORS

Amounts falling due within one year

8

152,947

113,700

NET CURRENT ASSETS

1,250,320

796,145

TOTAL ASSETS LESS CURRENT LIABILITIES

1,425,133

1,282,811

PROVISIONS FOR LIABILITIES

10,896

9,410

NET ASSETS

1,414,237

1,273,401

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,413,237

1,272,401

SHAREHOLDERS' FUNDS

1,414,237

1,273,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

John Lowrie Morrison - Director

1.	STATUTORY INFORMATION

Jolomo Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. The turnover figure is also net of commissions.

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.

Patents and licences 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.

Improvements to property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2025

and 31 December 2025

9,377

AMORTISATION

At 1 January 2025

and 31 December 2025

9,377

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2025

300,810

249,661

156,830

Disposals

(300,810

)

-

-

At 31 December 2025

-

249,661

156,830

DEPRECIATION

At 1 January 2025

-

115,681

114,739

Charge for year

-

4,993

4,209

At 31 December 2025

-

120,674

118,948

NET BOOK VALUE

At 31 December 2025

-

128,987

37,882

At 31 December 2024

300,810

133,980

42,091

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

43,929

39,770

21,426

812,426

Disposals

-

-

-

(300,810

)

At 31 December 2025

43,929

39,770

21,426

511,616

DEPRECIATION

At 1 January 2025

42,277

35,010

19,814

327,521

Charge for year

248

1,190

403

11,043

At 31 December 2025

42,525

36,200

20,217

338,564

NET BOOK VALUE

At 31 December 2025

1,404

3,570

1,209

173,052

At 31 December 2024

1,652

4,760

1,612

484,905

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

40,761

PROVISIONS

At 1 January 2025

and 31 December 2025

39,000

NET BOOK VALUE

At 31 December 2025

1,761

At 31 December 2024

1,761

Listed investments are shown at market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

121,864

114,544

Other debtors

197,126

224,392

318,990

338,936

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

67,755

40,001

Other creditors

85,192

73,699

152,947

113,700