REGISTERED NUMBER: 06492116 (England and Wales)

Report of the Director and

Unaudited

Consolidated Financial Statements

for the Year Ended 30 September 2025

for

Nabco Group Limited

Page

Company Information

1

Report of the Director

2

Accountants' Report

3

Consolidated Income Statement

4

Consolidated Balance Sheet

5

Company Balance Sheet

7

Consolidated Statement of Changes in Equity

9

Company Statement of Changes in Equity

10

Notes to the Consolidated Financial Statements

11

DIRECTOR:

Mr T Satyadheva

REGISTERED OFFICE:

Unit 5a Brick Knoll Park

Ashley Road

St. Albans

Hertfordshire

AL1 5UG

REGISTERED NUMBER:

06492116 (England and Wales)

ACCOUNTANTS:

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

The director presents his report with the financial statements of the company and the group for the year ended 30 September 2025.

DIRECTOR

Mr T Satyadheva held office during the whole of the period from 1 October 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

Donations were made to various Charities during the year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr T Satyadheva - Director

23 June 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nabco Group Limited for the year ended 30 September 2025 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and the related notes from the company's and the group'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 director of Nabco Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nabco Group Limited and state those matters that we have agreed to state to the director of Nabco Group Limited 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 Nabco Group Limited the company and the group and the company's director for our work or for this report.

It is your duty to ensure that Nabco Group 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 Nabco Group Limited. You consider that Nabco Group 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 Nabco Group 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.

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

23 June 2026

TURNOVER

8,526,584

11,619,156

Cost of sales

6,145,262

8,214,135

GROSS PROFIT

2,381,322

3,405,021

Administrative expenses

1,721,044

2,622,717

OPERATING PROFIT

4

660,278

782,304

Interest payable and similar expenses

178,913

265,867

PROFIT BEFORE TAXATION

481,365

516,437

Tax on profit

134,509

141,452

PROFIT FOR THE FINANCIAL YEAR

346,856

374,985

Profit attributable to:

Owners of the parent

346,856

374,985

FIXED ASSETS

Intangible assets

6

44,244

62,788

Tangible assets

7

40,443

52,386

Investments

8

-

-

84,687

115,174

CURRENT ASSETS

Stocks

2,187,431

1,981,106

Debtors

9

1,880,842

1,235,929

Cash at bank and in hand

165,412

82,330

4,233,685

3,299,365

CREDITORS

Amounts falling due within one year

10

4,004,229

3,155,040

NET CURRENT ASSETS

229,456

144,325

TOTAL ASSETS LESS CURRENT LIABILITIES

314,143

259,499

CREDITORS

Amounts falling due after more than one year

11

-

(40,000

)

PROVISIONS FOR LIABILITIES

(7,423

)

(9,635

)

NET ASSETS

306,720

209,864

CAPITAL AND RESERVES

Called up share capital

1,392

1,000

Share premium

149,352

-

Retained earnings

155,976

208,864

SHAREHOLDERS' FUNDS

306,720

209,864

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the director and authorised for issue on 23 June 2026 and were signed by:

Mr T Satyadheva - Director

FIXED ASSETS

Intangible assets

6

37,976

54,559

Tangible assets

7

40,444

52,387

Investments

8

322,600

322,600

401,020

429,546

CURRENT ASSETS

Debtors

9

99,966

690,728

Cash at bank

41,401

1,485

141,367

692,213

CREDITORS

Amounts falling due within one year

10

375,278

1,076,775

NET CURRENT LIABILITIES

(233,911

)

(384,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,109

44,984

PROVISIONS FOR LIABILITIES

7,423

9,635

NET ASSETS

159,686

35,349

CAPITAL AND RESERVES

Called up share capital

1,392

1,000

Share premium

149,352

-

Retained earnings

8,942

34,349

SHAREHOLDERS' FUNDS

159,686

35,349

Company's profit for the financial year

374,337

525,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 June 2026 and were signed by:

Mr T Satyadheva - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 April 2023

1,000

333,879

-

334,879

Changes in equity

Total comprehensive income

-

374,985

-

374,985

Capital contribution to

employee benefit trust

-

(500,000

)

-

(500,000

)

Balance at 30 September 2024

1,000

208,864

-

209,864

Changes in equity

Issue of share capital

392

-

149,352

149,744

Total comprehensive income

-

346,856

-

346,856

Capital contribution to

employee benefit trust

-

(399,744

)

-

(399,744

)

Balance at 30 September 2025

1,392

155,976

149,352

306,720

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 April 2023

1,000

8,851

-

9,851

Changes in equity

Profit for the period

-

525,498

-

525,498

Total comprehensive income

-

525,498

-

525,498

Capital contribution to

employee benefit trust

-

(500,000

)

-

(500,000

)

Balance at 30 September 2024

1,000

34,349

-

35,349

Changes in equity

Profit for the year

-

374,337

-

374,337

Total comprehensive income

-

374,337

-

374,337

Issue of share capital

392

-

149,352

149,744

Capital contribution to

employee benefit trust

-

(399,744

)

-

(399,744

)

Balance at 30 September 2025

1,392

8,942

149,352

159,686

1.	STATUTORY INFORMATION

Nabco Group 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 General 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.

Basis of consolidation

The group's financial statements include the results of the subsidiaries in the consolidated financial statements from the date that control commences until the date the control ceases.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Computer software is being amortised evenly over its 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.

Plant and machinery etc

-

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 Consolidated 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Debt factoring

The gross amount of trade debtors is shown on the balance sheet included in debtors due within one year and a corresponding liability in respect of the proceeds received from the factor is shown in creditors due in less than one year.

The interest element of the factor's charges and other factoring costs are recognised as they accrue and included in the profit and loss account with interest payable and similar charges.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 24 (2024 - 28 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.4.23

Year Ended

to

30.9.25

30.9.24

£

£

Depreciation - owned assets

16,738

8,543

Goodwill amortisation

16,961

24,461

Computer software amortisation

1,583

3,365

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

339,227

11,772

350,999

AMORTISATION

At 1 October 2024

278,498

9,713

288,211

Charge for year

16,961

1,583

18,544

At 30 September 2025

295,459

11,296

306,755

NET BOOK VALUE

At 30 September 2025

43,768

476

44,244

At 30 September 2024

60,729

2,059

62,788

Company

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

300,000

11,772

311,772

AMORTISATION

At 1 October 2024

247,500

9,713

257,213

Charge for year

15,000

1,583

16,583

At 30 September 2025

262,500

11,296

273,796

NET BOOK VALUE

At 30 September 2025

37,500

476

37,976

At 30 September 2024

52,500

2,059

54,559

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 October 2024

389,378

Additions

4,795

At 30 September 2025

394,173

DEPRECIATION

At 1 October 2024

336,992

Charge for year

16,738

At 30 September 2025

353,730

NET BOOK VALUE

At 30 September 2025

40,443

At 30 September 2024

52,386

Company

Plant and

machinery

etc

£

COST

At 1 October 2024

389,378

Additions

4,795

At 30 September 2025

394,173

DEPRECIATION

At 1 October 2024

336,991

Charge for year

16,738

At 30 September 2025

353,729

NET BOOK VALUE

At 30 September 2025

40,444

At 30 September 2024

52,387

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

322,600

NET BOOK VALUE

At 30 September 2025

322,600

At 30 September 2024

322,600

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Nabco Sales Limited

Registered office: United Kingdom

Nature of business: Shop Fittings and display equipment

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

5,966

40,729

(Loss)/profit for the year/period

(34,763

)

16,368

Nabco Direct Limited

Registered office: United Kingdom

Nature of business: Shop Fittings and display equipment

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

457,201

447,959

Profit for the year/period

1,019,242

361,676

Nabco Sales Limited

Registered office: United Kingdom

Nature of business: Shop fittings and display equipment

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

5,966

40,729

(Loss)/profit for the year/period

(34,763

)

16,368

Nabco Direct Limited

Registered office: United Kingdom

Nature of business: Shop fittings and display equipment

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

457,201

447,959

Profit for the year/period

1,019,242

361,676

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

30.9.25

30.9.24

30.9.25

30.9.24

£

£

£

£

Trade debtors

1,742,836

1,114,779

-

-

Amounts owed by group undertakings

24,150

-

24,150

-

Other debtors

113,856

121,150

75,816

690,728

1,880,842

1,235,929

99,966

690,728