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REGISTERED NUMBER: 01136632 (England and Wales)

WALFORD TIMBER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WALFORD TIMBER LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2025

| DIRECTORS: | G E Smith

| G T Smith

| N J Smith

| J A Read

| SECRETARY: | G T Smith

| REGISTERED OFFICE: | The Sawmills

| Walford

| Ross-on-wye

| Herefordshire

| HR9 5QS

| REGISTERED NUMBER: | 01136632 (England and Wales)

| ACCOUNTANTS: | Green & Co

| Accountants and Tax Advisors

| Pembroke House

| Llantarnam Park Way

| Cwmbran

| Torfaen

| NP44 3AU

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

BALANCE SHEET

31ST OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,292,078 |  | 1,179,222 |  |

CURRENT ASSETS

Stocks | 1,593,891 |  | 1,415,612 |  |

Debtors | 5 | 551,290 |  | 450,905 |  |

Cash at bank and in hand | 993,945 |  | 1,414,990 |  |

3,139,126 |  | 3,281,507 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,169,002 |  | 1,098,524 |  |

NET CURRENT ASSETS | 1,970,124 |  | 2,182,983 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,262,202 |  | 3,362,205 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (177,327 | ) | (272,735 | ) |

PROVISIONS FOR LIABILITIES | (131,220 | ) | (115,846 | ) |

NET ASSETS | 2,953,655 |  | 2,973,624 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10,000 |  | 10,000 |  |

Revaluation reserve | 9 | 114,315 |  | 114,315 |  |

Retained earnings | 2,829,340 |  | 2,849,309 |  |

SHAREHOLDERS' FUNDS | 2,953,655 |  | 2,973,624 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

BALANCE SHEET - continued

31ST OCTOBER 2025

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th June 2026 and were signed on its behalf by:

G T Smith - Director

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

1. | STATUTORY INFORMATION

| Walford Timber 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.

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 as modified by the revaluation of certain assets.

| Changes in accounting policies

| There has been a change in accounting policy in PPE for Freehold property, to switch from the cost model to the revaluation model, in accordance with IAS16. This change was made following an independent valuation of the property in January 2025. The revaluation has increased the carrying value in the financial statements by £141,130.

| Turnover

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

| Tangible fixed assets

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

| Freehold property - 2% on cost (excluding land)

| Short leasehold - 3% on reducing balance

| Plant and machinery - 15% on reducing balance

| Computer equipment - 15% on reducing balance

| Motor vehicles - 25% on reducing balance

| Software - 15% on reducing balance

| Fixtures and fittings - 20% on reducing balance

| Freehold property has applied the revaluation model from 01/11/2023.

| 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 Profit and Loss, 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.

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over their useful lives. Rentals paid under operating leases are charged to the profit and loss account 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 49 (2024 - 43 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Short |  | and |  | Plant and

| property |  | leasehold |  | fittings |  | machinery

£ | £ | £ | £ |

| COST OR VALUATION

| At 1st November 2024 | 300,000 |  | 899,666 |  | 28,234 |  | 1,428,510 |  |

| Additions | - |  | 11,212 |  | 652 |  | 149,001 |  |

| Disposals | - |  | - |  | - |  | (50,000 | ) |

| At 31st October 2025 | 300,000 |  | 910,878 |  | 28,886 |  | 1,527,511 |  |

| DEPRECIATION

| At 1st November 2024 | - |  | 521,201 |  | 8,904 |  | 1,100,451 |  |

| Charge for year | 4,560 |  | 11,494 |  | 3,975 |  | 50,440 |  |

| Eliminated on disposal | - |  | - |  | - |  | (43,157 | ) |

| At 31st October 2025 | 4,560 |  | 532,695 |  | 12,879 |  | 1,107,734 |  |

| NET BOOK VALUE

| At 31st October 2025 | 295,440 |  | 378,183 |  | 16,007 |  | 419,777 |  |

| At 31st October 2024 | 300,000 |  | 378,465 |  | 19,330 |  | 328,059 |  |

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| Software |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1st November 2024 | 31,750 |  | 213,681 |  | 102,897 |  | 3,004,738 |  |

| Additions | - |  | 120,476 |  | 14,015 |  | 295,356 |  |

| Disposals | - |  | (92,516 | ) | - |  | (142,516 | ) |

| At 31st October 2025 | 31,750 |  | 241,641 |  | 116,912 |  | 3,157,578 |  |

| DEPRECIATION

| At 1st November 2024 | 20,823 |  | 106,245 |  | 67,892 |  | 1,825,516 |  |

| Charge for year | 1,639 |  | 32,276 |  | 6,177 |  | 110,561 |  |

| Eliminated on disposal | - |  | (27,420 | ) | - |  | (70,577 | ) |

| At 31st October 2025 | 22,462 |  | 111,101 |  | 74,069 |  | 1,865,500 |  |

| NET BOOK VALUE

| At 31st October 2025 | 9,288 |  | 130,540 |  | 42,843 |  | 1,292,078 |  |

| At 31st October 2024 | 10,927 |  | 107,436 |  | 35,005 |  | 1,179,222 |  |

| Cost or valuation at 31st October 2025 is represented by:

| Fixtures |

| Freehold |  | Short |  | and |  | Plant and

| property |  | leasehold |  | fittings |  | machinery

£ | £ | £ | £ |

| Valuation in 2024 | 107,885 |  | - |  | - |  | - |  |

| Cost | 192,115 |  | 910,878 |  | 28,886 |  | 1,527,511 |  |

300,000 |  | 910,878 |  | 28,886 |  | 1,527,511 |  |

| Motor |  | Computer |

| Software |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2024 | - |  | - |  | - |  | 107,885 |  |

| Cost | 31,750 |  | 241,641 |  | 116,912 |  | 3,049,693 |  |

31,750 |  | 241,641 |  | 116,912 |  | 3,157,578 |  |

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1st November 2024 | 230,695 |  | 26,056 |  | 256,751 |  |

| Additions | - |  | 58,833 |  | 58,833 |  |

| Disposals | - |  | (26,056 | ) | (26,056 | ) |

| Transfer to ownership | (90,375 | ) | - |  | (90,375 | ) |

| At 31st October 2025 | 140,320 |  | 58,833 |  | 199,153 |  |

| DEPRECIATION

| At 1st November 2024 | 94,459 |  | 9,364 |  | 103,823 |  |

| Charge for year | 14,066 |  | 6,816 |  | 20,882 |  |

| Transfer to ownership | (47,916 | ) | (9,364 | ) | (57,280 | ) |

| At 31st October 2025 | 60,609 |  | 6,816 |  | 67,425 |  |

| NET BOOK VALUE

| At 31st October 2025 | 79,711 |  | 52,017 |  | 131,728 |  |

| At 31st October 2024 | 136,236 |  | 16,692 |  | 152,928 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 497,134 |  | 403,660 |  |

| Prepayments | 54,156 |  | 47,245 |  |

551,290 |  | 450,905 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 89,054 |  | 100,872 |  |

| Hire purchase contracts | 45,794 |  | 42,536 |  |

| Trade creditors | 920,625 |  | 799,665 |  |

| Corporation Tax | - |  | 4,571 |  |

| Social security and other taxes | 32,813 |  | 21,452 |  |

| VAT | 36,012 |  | 66,929 |  |

| Other creditors | 7,451 |  | 11,552 |  |

| Directors' current accounts | 16,641 |  | 5,214 |  |

| Accruals and deferred income | 20,612 |  | 45,733 |  |

1,169,002 |  | 1,098,524 |  |

| WALFORD TIMBER LIMITED (REGISTERED NUMBER: 01136632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-5 years | 136,737 |  | 230,641 |  |

| Hire purchase contracts | 40,590 |  | 42,094 |  |

177,327 |  | 272,735 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1,500 | Ordinary A | £1 | 1,500 |  | 1,500 |  |

| 1,500 | Ordinary B | £1 | 1,500 |  | 1,500 |  |

| 5,100 | Ordinary C | £1 | 5,100 |  | 5,100 |  |

| 900 | Ordinary D | £1 | 900 |  | 900 |  |

| 1,000 | Ordinary E | £1 | 1,000 |  | 1,000 |  |

10,000 |  | 10,000 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1st November 2024

| and 31st October 2025 | 114,315 |  |

10. | RELATED PARTY DISCLOSURES

| The land at Walford, Herefordshire from which the company operates is owned by G T Smith and N J Smith. The company has a lease over the property, of which rent of £108,000 (2024 - £108,000) has been paid during the year.