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REGISTERED NUMBER: 04557732 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AJW DISTRIBUTION (NORWICH) LIMITED

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| AJW DISTRIBUTION (NORWICH) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A J Woods

| J Woods

| G M Woods

| T Woods

| C L Woods

| K Patrick

| REGISTERED OFFICE: | Units 6-7

| Honeysome Industrial Estate

| Honeysome Road

| Chatteris

| Cambridgeshire

| PE16 6TG

| BUSINESS ADDRESS: | 88 Drayton Road

| Norwich

| Norfolk

| NR3 2DH

| REGISTERED NUMBER: | 04557732 (England and Wales)

| AUDITORS: | Thompson Taraz Rand Audit and Assurance Limited

| Statutory Auditors

| 10 Jesus Lane

| Cambridge

| Cambridgeshire

| CB5 8BA

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | - |  | 13,003 |  |

CURRENT ASSETS

Stocks | - |  | 611,789 |  |

Debtors | 6 | 100 |  | 1,283,401 |  |

Cash and cash equivalents | - |  | 187,288 |  |

100 |  | 2,082,478 |  |

CREDITORS

Amounts falling due within one year | 7 | - |  | (1,448,258 | ) |

NET CURRENT ASSETS | 100 |  | 634,220 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 100 |  | 647,223 |  |

PROVISIONS FOR LIABILITIES | 8 | - |  | (3,251 | ) |

NET ASSETS | 100 |  | 643,972 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | - |  | 643,872 |  |

SHAREHOLDERS' FUNDS | 100 |  | 643,972 |  |

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 profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A J Woods - Director

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| AJW Distribution (Norwich) 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. | 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.

| Critical accounting judgements and key sources of estimation uncertainty

| Tangible Fixed Assets:

| Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In reassessing assets lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into consideration.

| Doubtful debts:

| The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

| Turnover

| Turnover represents the fair value of consideration received or receivable for the sale of roofing, cladding and general building materials to contractors, builders, builders merchants and the general public, net of trade discounts, rebates allowed by the company and net of value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| The asset's residual values and useful lives are reviewed, and adjusted, if appropriate at the end of each reporting period. The changes are accounted for prospectively.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or financial liabilities or equity instruments.

| Basic financial assets:

| Basic financial assets which include assets and such as debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of future receipts are discounted at a market rate of interest. Assets receivable within one year are not discounted.

| Basic financial liabilities:

| Basic financial liabilities. including creditors, bank loans, are initially measured at transaction price net of transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

| 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.

| Customer and supplier rebates

| Rebates are receivable or payable where the company has rebate agreements with its customers and supplier. The value of rebates receivable or payable, are calculated in accordance with the agreements in place, and are deducted from turnover for rebates payable and from cost of sales for rebates received in the year in which payment or receipt is probable.

| Going concern

| The Directors have decided that with effect from 1st April 2024 the AJW group of companies will undergo a group restructure with the trading operation of the group being consolidated into a single limited company. The Norwich depot will therefore become a trading branch of AJW Distribution Limited.

| Therefore the going concern basis of preparation for AJW Distribution (Norwich) is not appropriate and a basis other than going concern has been used in preparing these financial statements.

4. | EMPLOYEES AND DIRECTORS

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

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |  | Computer |

| leasehold |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 8,207 |  | 19,653 |  | 14,361 |  | 6,775 |  | 48,996 |  |

| Disposals | (8,207 | ) | (19,653 | ) | (14,361 | ) | (6,775 | ) | (48,996 | ) |

| At 31 March 2025 | - |  | - |  | - |  | - |  | - |  |

| DEPRECIATION

| At 1 April 2024 | 8,207 |  | 6,650 |  | 14,361 |  | 6,775 |  | 35,993 |  |

| Eliminated on disposal | (8,207 | ) | (6,650 | ) | (14,361 | ) | (6,775 | ) | (35,993 | ) |

| At 31 March 2025 | - |  | - |  | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | - |  | - |  | - |  |

| At 31 March 2024 | - |  | 13,003 |  | - |  | - |  | 13,003 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 662,080 |  |

| Amounts owed by group undertakings | - |  | 607,714 |  |

| Other debtors | 100 |  | 13,607 |  |

100 |  | 1,283,401 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 1,016,581 |  |

| Amounts owed to group undertakings | - |  | 30,501 |  |

| Taxation and social security | - |  | 26,582 |  |

| Other creditors | - |  | 374,594 |  |

- |  | 1,448,258 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | - |  | 3,251 |  |

AJW DISTRIBUTION (NORWICH) LIMITED (REGISTERED NUMBER: 04557732) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 3,251 |  |

| Unused amounts reversed during year | (3,251 | ) |

| Balance at 31 March 2025 | - |  |

| Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 10,000 | Ordinary 1p | 1p | 100 |  | 100 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Andrew Rand (Senior Statutory Auditor)

| for and on behalf of Thompson Taraz Rand Audit and Assurance Limited

11. | OTHER FINANCIAL COMMITMENTS

| At the balance sheet date the company had commitments under non cancellable operating leases due between one and five years amounting to £NIL (2024: £302,000).

12. | RELATED PARTY DISCLOSURES

| During the year under review the company made sales to and purchases from other members of the group amounting to sales of £NIL (2024:£490,385) and purchases of £NIL (2023:£473,616) respectively.

| In addition, the company was charged £NIL (2024:£488,193) in respect of central administration costs.

| The total balance owed by group undertakings at the balance sheet date amounts to £75 (2024: £577,212) and is disclosed within amounts due from group undertakings within debtors.

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is the company's parent company AJW Group Ltd. The consolidated financial statements of the group can be obtained directly from the registrar of companies or the group's head office Units 6-7 Honeysome Industrial Estate, Honeysome Road, Chatteris PE16 6TG.