Norfolk Dry Wall Limited 31/08/2025 iXBRL

Company registration number: 02380590

Norfolk Dry Wall Limited

Unaudited filleted financial statements

31 August 2025

Norfolk Dry Wall Limited

Contents

Directors and other information

Directors report

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Norfolk Dry Wall Limited

Directors and other information


Directors	Mr Peter James George	(Resigned 6 April 2025)
	Mr William Douglas Gilchrist	(Resigned 1 May 2025)
	Mr Matthew Paul Gilchrist
	Mr Rikki George	(Appointed 6 April 2025)


Company number	02380590


Registered office	The White House
	High Street
	Dereham
	Norfolk
	NR19 1DR


Business address	Units 13/14
	251 Holt Road
	Horsford
	Norfolk
	NR10 3EB


Accountants	Jemmett Fox (UK) Limited
	The White House
	High Street
	Dereham
	Norfolk
	NR19 1DR

Norfolk Dry Wall Limited

Directors report

Year ended 31 August 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2025.

Directors

The directors who served the company during the year were as follows:


Mr Peter James George				(Resigned 6 April 2025)
Mr William Douglas Gilchrist				(Resigned 1 May 2025)
Mr Matthew Paul Gilchrist
Mr Rikki George				(Appointed 6 April 2025)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 May 2026 and signed on behalf of the board by:

Mr Matthew Paul Gilchrist

Director

Norfolk Dry Wall Limited

Accountants report to the directors on the preparation of the

unaudited statutory financial statements of Norfolk Dry Wall Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Norfolk Dry Wall Limited for the year ended 31 August 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the directors of Norfolk Dry Wall Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Norfolk Dry Wall Limited and state those matters that we have agreed to state to the directors of Norfolk Dry Wall Limited, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Norfolk Dry Wall Limited and its directors for our work or for this report.

It is your duty to ensure that Norfolk Dry Wall 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 Norfolk Dry Wall Limited. You consider that Norfolk Dry Wall 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 Norfolk Dry Wall 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.

Jemmett Fox (UK) Limited

Accountants and Business Advisors

The White House

High Street

Dereham

Norfolk

NR19 1DR

20 May 2026

Norfolk Dry Wall Limited

Statement of financial position

31 August 2025

			2025		2024
		Note	£	£	£	£

Fixed assets
Tangible assets		5	1,902,521		1,834,342
			_______		_______
				1,902,521		1,834,342

Current assets
Stocks			478,377		500,000
Debtors:
	Amounts falling due within one year	6	2,359,417		2,313,017
Investments		7	28,108		28,108
Cash at bank and in hand			2,731,200		2,085,939
			_______		_______
			5,597,102		4,927,064
Creditors: amounts falling due
within one year		8	( 3,276,739)		( 2,662,935)
			_______		_______
Net current assets				2,320,363		2,264,129
				_______		_______
Total assets less current liabilities				4,222,884		4,098,471

Creditors: amounts falling due
after more than one year		9		( 996,549)		( 1,064,232)

Provisions for liabilities		10		( 185,946)		( 172,772)

				_______		_______
Net assets				3,040,389		2,861,467
				_______		_______

Capital and reserves
Called up share capital		11		1,000		1,000
Profit and loss account		12		3,039,389		2,860,467
				_______		_______
Shareholders funds				3,040,389		2,861,467
				_______		_______

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mr Matthew Paul Gilchrist

Director

Company registration number: 02380590

Norfolk Dry Wall Limited

Statement of changes in equity

Year ended 31 August 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 September 2023	1,000	2,273,354	2,274,354

Profit for the year		587,113	587,113
	_______	_______	_______
Total comprehensive income for the year	-	587,113	587,113

	_______	_______	_______
At 31 August 2024 and 1 September 2024	1,000	2,860,467	2,861,467

Profit for the year		428,922	428,922
	_______	_______	_______
Total comprehensive income for the year	-	428,922	428,922

Dividends paid and payable		( 250,000)	( 250,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 250,000)	( 250,000)

	_______	_______	_______
At 31 August 2025	1,000	3,039,389	3,040,389
	_______	_______	_______

Norfolk Dry Wall Limited

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The White House, High Street, Dereham, Norfolk, NR19 1DR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Changes in accounting policies

The company has changed it's accounting policy in respect of retentions to comply with HMRC Issue BIM51520 - 'Builders, property dealers & developers: Income recognition: retentions' rules. The company now defers the recognition of retentions until their receipt becomes virtually certain.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	10 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 45 (2024: 40 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 September 2024	1,549,215	32,104	29,234	874,354	2,484,907
Additions	-	-	-	193,481	193,481
Disposals	-	-	-	( 81,656)	( 81,656)
	_______	_______	_______	_______	_______
At 31 August 2025	1,549,215	32,104	29,234	986,179	2,596,732
	_______	_______	_______	_______	_______
Depreciation
At 1 September 2024	-	25,934	24,624	600,007	650,565
Charge for the year	-	925	461	114,639	116,025
Disposals	-	-	-	( 72,379)	( 72,379)
	_______	_______	_______	_______	_______
At 31 August 2025	-	26,859	25,085	642,267	694,211
	_______	_______	_______	_______	_______
Carrying amount
At 31 August 2025	1,549,215	5,245	4,149	343,912	1,902,521
	_______	_______	_______	_______	_______
At 31 August 2024	1,549,215	6,170	4,610	274,347	1,834,342
	_______	_______	_______	_______	_______

6. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	1,676,718	1,844,521
Amounts owed by G & G Management (Norwich) Limited	5,000	5,000
Amounts owed by G & G Investments Limited	232,378	127,378
Amounts owed by NDW Labour Supply Limited	46,410	46,410
Amounts owed by Norfolk Dry Wall (Essex) Limited	67,700	61,700
Amounts owed by NDW & Co Holdings Ltd	4,969	29,220
Prepayments	27,365	-
Other debtors	298,877	198,788
	_______	_______
	2,359,417	2,313,017
	_______	_______

7. Investments

	2025	2024
	£	£
Short term investments	28,108	28,108
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Company credit cards	642,496	429,587
Trade creditors	1,664,826	1,254,510
Corporation tax	168,291	227,458
Social security and other taxes	67,665	59,549
Obligations under finance leases	133,086	77,380
Other creditors	600,375	614,451
	_______	_______
	3,276,739	2,662,935
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	136,363	318,182
Obligations under finance leases	296,856	159,798
Lloyds long terrm loan	563,330	586,252
	_______	_______
	996,549	1,064,232
	_______	_______

10. Provisions

	Deferred tax (note )	Other provisions	Total
	£	£	£
At 1 September 2024	50,497	122,275	172,772
Additions	13,174	-	13,174
	_______	_______	_______
At 31 August 2025	63,671	122,275	185,946
	_______	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary B shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______

12. Reserves

Profit and loss account:This reserve records retained earnings and accumulated losses.

13. Controlling party

The company is under the ultimate control of NDW & Co Holdings Ltd , who own 100% of the issued share capital of the company