Nantwich Veneers Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 03936148

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		792,067		809,069

			792,067		809,069
CURRENT ASSETS
Stocks		249,716		351,373
Debtors		214,944		249,930
Cash at bank and in hand		16,217		34,622

		480,877		635,925
Creditors: Amounts Falling Due Within One Year		(590,469 )		(589,904 )

NET CURRENT ASSETS (LIABILITIES)			(109,592 )		46,021

TOTAL ASSETS LESS CURRENT LIABILITIES			682,475		855,090

Creditors: Amounts Falling Due After More Than One Year			(338,269 )		(363,342 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,507 )		(19,507 )

NET ASSETS			324,699		472,241

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			323,699		471,241

SHAREHOLDERS' FUNDS			324,699		472,241

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Nantwich Veneers Limited

Abridged Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Steven Baddeley

Director

26 August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Nantwich Veneers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03936148 . The registered office is Alexandra Business Park, Gresty Lane, Shavington, Crewe, Cheshire, CW2 5DD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight line
Plant & Machinery	15% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 16)

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Nantwich Veneers Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Total
	£
Cost
As at 29 February 2024	1,142,712

As at 28 February 2025	1,142,712

Depreciation
As at 29 February 2024	333,643
Provided during the period	17,002

As at 28 February 2025	350,645

Net Book Value
As at 28 February 2025	792,067

As at 29 February 2024	809,069

5. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is NVL (2016) Limited . NVL (2016) Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, Alexandra Business Partk, Gresty Road, Crewe. . The ultimate controlling party is NVL (2016) Limited who controls 100% of the shares of Nantwich Veneers Limited .