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REGISTERED NUMBER: 03183526 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| G Williams & Co (Grain) Limited |

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 4 |

| G Williams & Co (Grain) Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | G Williams

| D A Cobb

| SECRETARY: | Mrs A M Williams

| REGISTERED OFFICE: | Beaufort House

| Amelia Court

| Swanton Close

| Retford

| Nottinghamshire

| DN22 7HJ

| REGISTERED NUMBER: | 03183526 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| Chancery Court

| 34 West Street

| Retford

| Nottinghamshire

| DN22 6ES

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

G Williams & Co (Grain) Limited

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 Balance Sheet. 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 G Williams & Co (Grain) Limited for the year ended 28 February 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 G Williams & Co (Grain) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G Williams & Co (Grain) Limited and state those matters that we have agreed to state to the Board of Directors of G Williams & Co (Grain) Limited, 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 G Williams & Co (Grain) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G Williams & Co (Grain) Limited 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 G Williams & Co (Grain) Limited. You consider that G Williams & Co (Grain) Limited 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 G Williams & Co (Grain) Limited. 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

7 October 2025

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Balance Sheet

28 February 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 53,774 |  | 41,404 |  |

CURRENT ASSETS

Stocks | 286,272 |  | 174,100 |  |

Debtors | 5 | 2,415,450 |  | 2,734,359 |  |

Cash at bank and in hand | 3,126,819 |  | 2,101,882 |  |

5,828,541 |  | 5,010,341 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,915,262 |  | 1,530,700 |  |

NET CURRENT ASSETS | 3,913,279 |  | 3,479,641 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,967,053 |  | 3,521,045 |  |

PROVISIONS FOR LIABILITIES | 13,444 |  | 10,141 |  |

NET ASSETS | 3,953,609 |  | 3,510,904 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,158 |  | 1,158 |  |

Capital redemption reserve | 92 |  | 92 |  |

Cash flow hedge reserve | (61,374 | ) | (79,933 | ) |

Retained earnings | 4,013,733 |  | 3,589,587 |  |

SHAREHOLDERS' FUNDS | 3,953,609 |  | 3,510,904 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 7 October 2025 and were signed on its behalf by:

G Williams - Director

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| G Williams & Co (Grain) 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.

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

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 represents the invoiced value of goods and services, net of value added tax and trade discounts.

| 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.

| Fixtures, fittings and equipment | - | 33% on cost and 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

| Judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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.

| 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.

| Derivatives

| The directors have decided to apply hedge accounting and treat the derivatives as cash flow hedges.

| Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. Any gain or loss resulting from movements in the fair value is recognised in the Statement of Comprehensive Income and placed in a hedging reserve account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures, |

| fittings |

| and |  | Motor |  | Computer |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2024 | 172,153 |  | 81,665 |  | 61,201 |  | 315,019 |  |

| Additions | 9,825 |  | 24,990 |  | - |  | 34,815 |  |

| Disposals | - |  | (23,500 | ) | - |  | (23,500 | ) |

| At 28 February 2025 | 181,978 |  | 83,155 |  | 61,201 |  | 326,334 |  |

| DEPRECIATION

| At 1 March 2024 | 165,195 |  | 47,219 |  | 61,201 |  | 273,615 |  |

| Charge for year | 1,056 |  | 9,823 |  | - |  | 10,879 |  |

| Eliminated on disposal | - |  | (11,934 | ) | - |  | (11,934 | ) |

| At 28 February 2025 | 166,251 |  | 45,108 |  | 61,201 |  | 272,560 |  |

| NET BOOK VALUE

| At 28 February 2025 | 15,727 |  | 38,047 |  | - |  | 53,774 |  |

| At 29 February 2024 | 6,958 |  | 34,446 |  | - |  | 41,404 |  |

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024 | 33,165 |  |

| Transfer to ownership | (33,165 | ) |

| At 28 February 2025 | - |  |

| DEPRECIATION

| At 1 March 2024 | 19,189 |  |

| Transfer to ownership | (19,189 | ) |

| At 28 February 2025 | - |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | 13,976 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as restated |

£ | £ |

| Trade debtors | 2,363,667 |  | 2,680,317 |  |

| Other debtors | 51,783 |  | 54,042 |  |

2,415,450 |  | 2,734,359 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as restated |

£ | £ |

| Hire purchase contracts (see note 7) | - |  | 14,222 |  |

| Trade creditors | 1,553,080 |  | 1,044,153 |  |

| Taxation and social security | 274,795 |  | 317,429 |  |

| Other creditors | 87,387 |  | 154,896 |  |

1,915,262 |  | 1,530,700 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

| as restated |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 14,222 |  |

| The sum of all future Operating Lease commitments is £10,750 (2024: £10,750).

| G Williams & Co (Grain) Limited (Registered number: 03183526) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| as restated |

£ | £ |

| Hire purchase contracts | - |  | 14,222 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: |  | as restated |

£ | £ |

| 1,000 | "A" Ordinary | £1 | 1,000 |  | 1,000 |  |

| 158 | "B" Ordinary | £1 | 158 |  | 158 |  |

1,158 |  | 1,158 |  |