REGISTERED NUMBER: 02025613 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

NATIONWIDE WINDOWS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Statement of Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Notes to the Financial Statements

15

DIRECTORS:

J Whalley

D Cashmore

A K Pavey

SECRETARY:

J Whalley

REGISTERED OFFICE:

Nationwide House

74 - 88 Somers Road

Rugby

Warwickshire

CV22 7DH

REGISTERED NUMBER:

02025613 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

The directors present their strategic report for the year ended 31 March 2026

REVIEW OF BUSINESS

The company continues to provide all clients with superior service standards in the manufacture and installation of high-quality PVC-U, GRP and aluminium window and door products. The client base consists of major social housing providers and most of the major house builders.

For the fifth consecutive year the company delivered a significant increase in the level of activity, with an overall increase of 9% in revenue being achieved. The company continued to have a mix of revenue streams between the social housing sector and the new build market and the mix of sales between the two sectors remained consistent with the prior year. As the larger contributor to the revenue, the growth in this year was predominantly achieved through an increase in the social housing sector revenue. The business was once again able to increase the level of work with existing clients, build on the new opportunities that were gained in the prior year and also gain some new opportunities that will provide additional value in future years. Overall, this resulted in an increase of 10% in the social sector revenue in the year and set a very solid foundation for continued growth in this sector in future years.

The new build sector also saw an increase in revenue for the second successive year. The growth this year has again been driven by a combination of an increase in activity with our key customers and the continuation of a relative improvement in the general economic conditions that has a positive impact on some areas of this sector. Overall, this resulted in an increase of 3% in new build sales. Further growth in this sector is forecast in the coming year but this will be subject to favourable economic conditions that support the new build market. The new build sector has continued to deliver a significant proportion of the total sales, with the mix of sales between social housing and new build being maintained in line with where the business would like it to be.

From a gross profit perspective, a strong gross profit percentage has been delivered this year, and this has been maintained at a very similar level to the prior year. Efficiency gains, that are due in part to the significant machinery investment that has been made in recent years, were once again enjoyed for the entire year. In addition to this, economies of scale have continued to be enjoyed as the increase in sales has resulted in the level of activity increasing but remaining well within the capabilities of our existing production facilities. The positive gross profit performance has also again been achieved due to a reasonably consistent level of activity being delivered throughout the year, with sales in each quarter of the year being very similar. All these factors have resulted in a very healthy gross profit percentage being achieved.

In addition to delivering a very strong profit in the year the company also continued to build on the Balance Sheet improvements that have been achieved in the previous two years. Successes in this area included a reduction in the value of Stock & WIP of £0.7m, a further reduction in the Retention Debtor balance of £0.4m and a reduction in Debtors of £1.7m, compared to the prior year end. These reductions were all achieved despite the relative increase in revenue of 9%. These combined successes once again provided the company with the opportunity to naturally reduce their borrowings by a further £1.9m during the year. Even allowing for this, the overall effect of these positive movements was a relative increase in the closing balance of cash and cash equivalents of £1.4 million.

Overall, the directors are very pleased with the results that have been delivered. Over recent years the company has committed to significant investment in their machinery, infrastructure and people. From a production perspective this has provided the efficiency and capacity gains required to support the business and enable it to operate seamlessly through a period of significant growth. This will also provide it with the capacity to support it for the foreseeable future. The business is also suitably resourced in all areas in order to ensure that the increased level of activity has been efficiently delivered and our customers always receive a high level of service. This positive performance has continued to present the company with new opportunities which will continue to provide it with the platform to grow from and achieve it's objectives.

STRATEGIC OBJECTIVES

The directors consider that the coming year will once again present the opportunity for further revenue growth with sales in both social housing and new build works forecast to increase. This is supported by extremely strong order books in both sectors, for both the coming financial year and future years. There is therefore a clear path to achieving the planned growth. The company continues to invest, with some key stakeholders, in the development of new products and the integration of new technologies into our product ranges in order to aid our long-term growth aspirations.

The business has continued to make significant investment in it's machinery, fleet and infrastructure during the financial year in order to ensure that it's growth potential is not restricted in any area, and it will continue to make investment where required in the coming year. The company has continued to invest in it's people and has continued to expend considerable resources this year in developing and offering both general and role specific training opportunities for all employees. This will enable the whole team of employees to support the ongoing development of the company and it will ensure that the business operates as efficiently as possible in all areas and that service level KPIs are met or exceeded.

PRINCIPAL RISKS AND UNCERTAINTIES

Following a cyberattack in 2022 significant investment has been made by the business to ensure that it is as well placed as it can be to either prevent or mitigate the risk of future malicious cyber activity and work in this area is continuously reviewed and stress tested. However, risks and uncertainties continue to remain and whilst the business is well structured to meet any future challenges that the coming year may present in this area these risks and challenges can be managed by the business but not controlled.

In recent years many raw materials have seen significant price rises and surcharges have at times been implemented. The volatility in this area had relatively eased during the last two years but these risks remain and the implementation of price rises and surcharges is once again becoming more prevalent due to the current uncertainties in the global economy. The risks, however, are outside of the company's control and being involved in long term framework and partnering contracts the company is not always able to pass these on until pre-agreed milestones. This process is always pro-actively managed though and agreements are reached with clients and framework providers outside of the normal cycles when required and where possible, to manage this risk. The strong financial performance of the business is testament to the positive results that have been achieved in this regard when required.

As the company seeks to embrace new opportunities in both the social housing and new build market, labour and employment will continue to pose a risk, with regards to attracting new employees, the retention of existing ones and ensuring all required geographical locations are adequately resourced. The company will continue to invest in its own GQA approved training facility to offer positive employee development and professional service delivery and it has commenced an internal training programme that is available for all staff, including manufacturing, warehouse and satellite operatives, to support workforce retention and sustainable growth. This is an area that is continuously managed.

Customer retention and the ability to secure more market share through new customers is critical to continued growth. The protection of the company's reputation and brand is considered to be a high level, albeit manageable risk. The board are constantly monitoring performance and service level KPIs, and the investment in management in this area and ongoing training programme seeks to limit the risk. The company also have an active programme to monitor social media, to ensure any issues are settled immediately, and also to highlight and promote the many successes that the business achieves.

ENGAGEMENT WITH EMPLOYEES

Details of the number of employees and related costs can be found in note 3 to the financial statements.

The Company keeps employees informed on matters relevant to them through appropriate means, such as employee engagement meetings and newsletters. This ensures that all employees are aware of the financial and economic factors that affect the performance of the Company. The Company also provides opportunities for employees to contribute their ideas and views through these meetings with representatives invited from across the business.

The Company has a number of bonus schemes in place to encourage the involvement of employees in influencing areas under their control that will enhance the Company's performance.

KPI ANALYSIS

The directors use a number of key indicators to measure the performance of the company, and these are monitored on a monthly basis.

Sales overall were above the targets that were set during the year. The positive sales variance was most notably due to increased sales in the social housing sector, where considerable growth in the prior year was built upon. Whilst further growth in this area was forecasted in the current year the target was once again comfortably exceeded. This was due to a combination of securing additional contracts and the increase of budgets with existing customers. Whilst there wasn't a positive sales variance in the new build area there was growth compared to the prior year. Beyond sales, there were successes achieved in other areas of new build during the year, with the positive resolution of a number of historic contracts contributing to the significant reduction in retentions. This has resulted in activity in the new build area being streamlined and it has then grown again from a solid foundation and this will allow the focus to be on current and new work.

From a gross margin perspective, the higher level of sales contributed to a positive value variance being delivered but a favourable gross margin percentage was also achieved. The positive gross margin percentage was due to a number of factors. These include increased efficiencies in the year stemming from past and further machinery investment and management improvements. A contributory factor to the positive margin was also, once again, a reasonably consistent level of activity being delivered month on month throughout the year, as opposed to sales historically being more heavily weighted in the second half of the financial year.

The order book at the end of June 2026 has been retained at a very healthy and similar level to the prior year. It currently stretches out to 2033 which enables the business to continue to make long term decisions.

SECTION 172 (1) STATEMENT

The directors have considered the requirements of section 172 (1) of the Companies Act 2006 and have set out the key considerations below.

The directors take a long-term view when making decisions. This is demonstrated by the Company's continued investment in the business with significant investment in new machinery, it's infrastructure, people and exploring new technology in order to ensure the long-term success of the business.

The continued success of the business is reliant on the engagement of it's people and developing a positive culture. As noted earlier in the report the company will continue to invest in employee training programmes and also in its own GQA approved training facility. These offer positive employee development opportunities and ensure professional service delivery and support workforce retention and sustainable growth. These actions along with employee engagement initiatives and performance management enable the business to develop talent and provides people with the opportunity to progress within the Company.

The Company has long standing relationships with their key suppliers and regular engagement ensures that these relationships remain positive and enables mutually beneficial discussions around requirements, product quality and potential future developments.

The Company also has long standing relationships with their key customers in both the social housing sector and new build market. These relationships are also maintained and developed through regular engagement. As noted earlier in the report, customer retention and the ability to secure more market share through both developing existing customers and onboarding new customers is critical to continued growth. The Company are constantly monitoring performance and service level KPIs and have developed the focus in these areas even further in recent years. This has been a contributory factor in the considerable growth of the business during the last year. The company also have an active programme to monitor social media to ensure any issues that do arise are settled immediately and the many success' of company are promoted .

The Company is committed to minimising it's impact on the environment and continually assesses how it's workplace practices and environment can be adjusted to achieve this. The Company operates throughout England and Wales and the Company ensures that it's people engage with the communities in which they operate. This is often supported through the relationships that have been developed with our customers and engaging with them to support corporate and social responsibility projects in the areas that we are operating in. This is an area that has been particularly championed in recent years and the level of commitment shown by the company to support this area is extremely appreciated by our customers.

As one of the UK's leading fenestration specialists, the Company recognise that housing investment should create benefits that extend beyond windows and doors. Through employment and skills development, community investment, environmental responsibility and resident focused initiatives, we work to create positive outcomes that support people, places and local economies. The Company ensures that their activities align with the Government's PPN 002 Social Value Framework and contributes towards the five national missions that the framework is built around;

Mission 1 - Kick Start Economic Growth

Mission 2 - Make Britain a Clean Energy Superpower

Mission 3 - Take Back our Streets

Mission 4 - Break Down Barriers to Opportunity

Mission 5 - Build an NHS Fit for the Future

In this financial year the Company has invested, supported and generated in excess of £23.5m of proxy value towards these missions and will ensure that social value remains embedded throughout our activities.

The Company understands that maintaining a good reputation for high standards of business conduct is key to operating successfully and all of the above ensures that this is achieved.

This focus on ensuring the continued and long-term success of the business is to the mutual benefit of all the stakeholders.

ON BEHALF OF THE BOARD:

J Whalley - Director

27 July 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIVIDENDS

No dividends were paid in the current or prior year.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

J Whalley

D Cashmore

A K Pavey

STREAMLINED ENERGY AND CARBON REPORTING

The annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from activities for which the company is responsible involving the combustion of gas or the consumption of fuel for the purposes of transport was 680 tCO2e (prior year 809 tCO2e).

The annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from the purchase of electricity by the company for its own use, including for the purposes of transport, was 432 tCO2e (prior year 490 tCO2e).

The combined quantity of emissions in tonnes of carbon dioxide equivalent was therefore 1,113 tCO2e and decreased from 1,299 tCO2e in the prior year despite an increase in the level of turnover.

The aggregate of the annual quantity of energy consumed from activities for which the company is responsible involving the combustion of gas or the consumption of fuel for the purposes of transport and the annual quantity of energy consumed resulting from the purchase of electricity by the company for its own use, including for the purposes of transport, was 5,538,757 kWh (prior year 6,188,026 kWh).

Invoice data has been used to calculate the usage levels of electricity, gas, oil, petrol and diesel during the financial year. Conversion rates as per the Greenhouse gas reporting: Conversion factors 2025 for company reporting, published in June 2025, have then been applied to this data to arrive at the CO2e figures stated above. Where usage levels of fuel are not originally invoiced in kWh these have again been converted using conversion rates as per Greenhouse gas reporting: Conversion factors 2025 for company reporting, published in June 2025, in order to calculate the total kWh stated above. Where mileage information has been collated within these calculations an average mile per gallon estimate has been used to calculate the volume of fuel used.

Average employed headcount during the year was 334. The combined CO2e emissions noted above therefore equate to a ratio of 3.331 tonnes of CO2e per employee (prior year 4.22).

The total number of items produced during the year was 402,108. The combined CO2e emissions noted above therefore equates to a ratio of 0.0028 tonnes of CO2e per item (prior year 0.0032).

From a turnover perspective the combined CO2e emissions equate to 17.2 tonnes of CO2e per £1 million of sales (prior year 21.8).

In recent years the company has invested heavily in projects to reduce their CO2e emissions and improve their usage ratios. With the overall reduction in emissions this year and improvement in all the metrics this has clearly been successful. Examples of projects that the company has undertaken include;

(i)

A significant solar panel project, in the area of the business that had the highest level of electricity consumption. This projected was completed in November 2025 so the benefits have only been realised for part of the year being reported on.

(ii)

A project to overclad the production units, in order to improve their thermal efficiency.

(iii)

Changing a significant proportion of it's car fleet to either electric or hybrid.

(iv)

Replacing it's existing factory lights with LED lights.

(v)

Moving the main factory heating from oil to gas fuelled heating with destratification fans.

(vi)

Conducting efficiency studies on it's distribution modelling in order to considerably reduce the required distribution mileage.

The company will continue to explore further areas to increase their energy efficiency in the current and future years.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Prime, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

J Whalley - Director

27 July 2026

Opinion

We have audited the financial statements of Nationwide Windows Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Luke Edwards ACA FCCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

28 July 2026

TURNOVER

64,639,810

59,472,976

Cost of sales

42,151,611

38,787,992

GROSS PROFIT

22,488,199

20,684,984

Administrative expenses

16,082,760

15,562,379

6,405,439

5,122,605

Other operating income

5,000

5,000

OPERATING PROFIT

4

6,410,439

5,127,605

Interest receivable and similar income

170,983

86,235

6,581,422

5,213,840

Interest payable and similar expenses

5

92,734

146,197

PROFIT BEFORE TAXATION

6,488,688

5,067,643

Tax on profit

6

1,536,084

1,309,641

PROFIT FOR THE FINANCIAL YEAR

4,952,604

3,758,002

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,952,604

3,758,002

FIXED ASSETS

Intangible assets

7

278,571

-

Tangible assets

8

5,949,076

4,753,259

6,227,647

4,753,259

CURRENT ASSETS

Stocks

9

3,152,369

3,841,156

Debtors

10

11,271,681

13,514,790

Cash at bank and in hand

8,914,697

7,529,419

23,338,747

24,885,365

CREDITORS

Amounts falling due within one year

11

11,777,234

16,141,672

NET CURRENT ASSETS

11,561,513

8,743,693

TOTAL ASSETS LESS CURRENT LIABILITIES

17,789,160

13,496,952

CREDITORS

Amounts falling due after more than one year

12

(165,634

)

(916,359

)

PROVISIONS FOR LIABILITIES

15

(896,684

)

(806,355

)

NET ASSETS

16,726,842

11,774,238

CAPITAL AND RESERVES

Called up share capital

16

1,000

1,000

Retained earnings

17

16,725,842

11,773,238

SHAREHOLDERS' FUNDS

16,726,842

11,774,238

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

J Whalley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

1,000

8,015,236

8,016,236

Changes in equity

Total comprehensive income

-

3,758,002

3,758,002

Balance at 31 March 2025

1,000

11,773,238

11,774,238

Changes in equity

Total comprehensive income

-

4,952,604

4,952,604

Balance at 31 March 2026

1,000

16,725,842

16,726,842

1.	STATUTORY INFORMATION

Nationwide Windows 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The company continues to be profitable and the directors have a reasonable expectation that the company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore the directors continue to adopt the going concern basis of accounts in reporting the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

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

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 five years.

Tangible fixed assets

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

Short leasehold

-

over remaining life of lease

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

33.33% on cost, 20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure. Grants of a capital nature are recognised in the balance sheet and released to the profit and loss over the same period to which the related asset is depreciated.

Government grants relate to the purchase of green technologies acquired in 2023 which are being depreciated over 10 years straight line. The government grant is included in accruals and deferred income, and is being released evenly to other operating income over the same period of 10 years.

Stocks

Stocks and work in progress 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 Statement of Comprehensive Income, 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions for liabilities

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

12,925,494

11,783,705

Social security costs

1,527,491

1,118,700

Other pension costs

241,684

222,282

14,694,669

13,124,687

The average number of employees during the year was as follows:

2026

2025

Management

7

7

Selling and distribution

4

4

Administration

111

101

Production

212

196

334

308

2026

2025

£

£

Directors' remuneration

4,325

6,281

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2026

2025

£

£

Depreciation - owned assets

1,208,772

1,012,060

Profit on disposal of fixed assets

(6,545

)

(30,551

)

Computer software amortisation

69,643

-

Auditors' remuneration

31,000

30,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Hire purchase

92,734

146,197

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

1,445,755

1,245,737

Deferred tax

90,329

63,904

Tax on profit

1,536,084

1,309,641

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2026

2025

£

£

Profit before tax

6,488,688

5,067,643

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

1,622,172

1,266,911

Effects of:

Expenses not deductible for tax purposes

46,875

40,941

Income not taxable for tax purposes

(1,250

)

-

Capital allowances in excess of depreciation

(220,406

)

(54,712

)

Profit/loss on disposal

(1,636

)

(7,403

)

Deferred tax movement

90,329

63,904

Total tax charge

1,536,084

1,309,641

7.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

348,214

At 31 March 2026

348,214

AMORTISATION

Amortisation for year

69,643

At 31 March 2026

69,643

NET BOOK VALUE

At 31 March 2026

278,571

8.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2025

12,921

51,000

9,256,645

Additions

-

-

1,207,583

Disposals

-

-

-

At 31 March 2026

12,921

51,000

10,464,228

DEPRECIATION

At 1 April 2025

12,921

19,550

5,551,805

Charge for year

-

5,100

672,722

Eliminated on disposal

-

-

-

At 31 March 2026

12,921

24,650

6,224,527

NET BOOK VALUE

At 31 March 2026

-

26,350

4,239,701

At 31 March 2025

-

31,450

3,704,840