REGISTERED NUMBER: 04123618 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

NATIONWIDE WINDOWS HOLDING COMPANY

LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

21

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:

04123618 (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 group 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 group delivered a significant increase in the level of activity, with an overall increase of 9% in revenue being achieved. The group 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 group 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 group 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 group 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 group 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 group 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 group 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 group 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 group's control and being involved in long term framework and partnering contracts the group 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 group 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 group 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 group'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 group 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 group 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 group. The group also provides opportunities for employees to contribute their ideas and views through these meetings with representatives invited from across the business.

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

KPI ANALYSIS

The directors use a number of key indicators to measure the performance of the group, 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 group'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 group 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 group.

The group 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 group 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 group 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 group also have an active programme to monitor social media to ensure any issues that do arise are settled immediately and the many success' of group are promoted .

The group 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 group operates throughout England and Wales and the group 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 group to support this area is extremely appreciated by our customers.

As one of the UK's leading fenestration specialists, the group 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 group 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 group 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 group 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 and the group for the year ended 31 March 2026.

DIVIDENDS

Dividends paid during the year totalled £3,000,000 (2025: £1,572,682).

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 Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group'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 Holding Company Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 March 2026 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent 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

64,642,801

59,476,972

Cost of sales

42,151,611

38,787,992

GROSS PROFIT

22,491,190

20,688,980

Administrative expenses

13,396,056

13,170,840

9,095,134

7,518,140

Other operating income

9,000

9,000

OPERATING PROFIT

5

9,104,134

7,527,140

Interest receivable and similar income

170,983

86,235

9,275,117

7,613,375

Interest payable and similar expenses

6

154,734

288,135

PROFIT BEFORE TAXATION

9,120,383

7,325,240

Tax on profit

7

2,251,988

1,899,322

PROFIT FOR THE FINANCIAL YEAR

6,868,395

5,425,918

Profit attributable to:

Owners of the parent

6,868,395

5,425,918

PROFIT FOR THE YEAR

6,868,395

5,425,918

OTHER COMPREHENSIVE INCOME

Revaluation of freehold property

-

5,529,699

Income tax relating to other comprehensive income

-

(1,333,035

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

4,196,664

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

6,868,395

9,622,582

Total comprehensive income attributable to:

Owners of the parent

6,868,395

9,622,582

FIXED ASSETS

Intangible assets

10

278,571

-

Tangible assets

11

17,550,577

16,553,260

Investments

12

-

-

17,829,148

16,553,260

CURRENT ASSETS

Stocks

13

3,152,369

3,841,156

Debtors

14

11,358,918

13,635,036

Cash at bank and in hand

8,921,357

7,533,301

23,432,644

25,009,493

CREDITORS

Amounts falling due within one year

15

10,355,173

12,891,264

NET CURRENT ASSETS

13,077,471

12,118,229

TOTAL ASSETS LESS CURRENT LIABILITIES

30,906,619

28,671,489

CREDITORS

Amounts falling due after more than one year

16

(1,816,638

)

(3,550,162

)

PROVISIONS FOR LIABILITIES

20

(2,239,649

)

(2,139,390

)

NET ASSETS

26,850,332

22,981,937

CAPITAL AND RESERVES

Called up share capital

21

806,000

806,000

Share premium

22

69,400

69,400

Revaluation reserve

22

4,943,154

4,943,154

Retained earnings

22

21,031,778

17,163,383

SHAREHOLDERS' FUNDS

26,850,332

22,981,937

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

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

11,601,500

11,800,000

Investments

12

725,000

725,000

12,326,500

12,525,000

CURRENT ASSETS

Debtors

14

2,563,468

5,302,189

Cash at bank and in hand

6,660

3,882

2,570,128

5,306,071

CREDITORS

Amounts falling due within one year

15

1,054,171

1,931,535

NET CURRENT ASSETS

1,515,957

3,374,536

TOTAL ASSETS LESS CURRENT LIABILITIES

13,842,457

15,899,536

CREDITORS

Amounts falling due after more than one year

16

(1,651,004

)

(2,633,803

)

PROVISIONS FOR LIABILITIES

20

(1,342,965

)

(1,333,035

)

NET ASSETS

10,848,488

11,932,698

CAPITAL AND RESERVES

Called up share capital

21

806,000

806,000

Share premium

22

69,400

69,400

Revaluation reserve

22

4,336,458

4,336,458

Retained earnings

22

5,636,630

6,720,840

SHAREHOLDERS' FUNDS

10,848,488

11,932,698

Company's profit for the financial year

1,915,790

1,667,916

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

Share

Revaluation

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

806,000

12,924,584

69,400

1,132,053

14,932,037

Changes in equity

Dividends

-

(1,572,682

)

-

-

(1,572,682

)

Total comprehensive income

-

5,811,481

-

3,811,101

9,622,582

Balance at 31 March 2025

806,000

17,163,383

69,400

4,943,154

22,981,937

Changes in equity

Dividends

-

(3,000,000

)

-

-

(3,000,000

)

Total comprehensive income

-

6,868,395

-

-

6,868,395

Balance at 31 March 2026

806,000

21,031,778

69,400

4,943,154

26,850,332

Called up

share

Retained

Share

Revaluation

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2024

806,000

6,240,043

69,400

636,159

7,751,602

Changes in equity

Dividends

-

(1,572,682

)

-

-

(1,572,682

)

Total comprehensive income

-

2,053,479

-

3,700,299

5,753,778

Balance at 31 March 2025

806,000

6,720,840

69,400

4,336,458

11,932,698

Changes in equity

Dividends

-

(3,000,000

)

-

-

(3,000,000

)

Total comprehensive income

-

1,915,790

-

-

1,915,790

Balance at 31 March 2026

806,000

5,636,630

69,400

4,336,458

10,848,488

Cash flows from operating activities

Cash generated from operations

1

12,582,799

9,084,835

Interest paid

(62,000

)

(141,938

)

Interest element of hire purchase payments paid

(92,734

)

(146,197

)

Tax paid

(3,210,527

)

(76,998

)

Net cash from operating activities

9,217,538

8,719,702

Cash flows from investing activities

Purchase of intangible fixed assets

(348,214

)

-

Purchase of tangible fixed assets

(2,443,132

)

(1,382,396

)

Sale of tangible fixed assets

45,088

65,879

Interest received

170,983

86,235

Net cash from investing activities

(2,575,275

)

(1,230,282

)

Cash flows from financing activities

Loan repayments in year

(1,048,075

)

(327,521

)

HP capital repayments in year

(849,701

)

(740,183

)

Amount introduced by directors

76,069

769,913

Amount withdrawn by directors

(432,500

)

-

Equity dividends paid

(3,000,000

)

(1,572,682

)

Net cash from financing activities

(5,254,207

)

(1,870,473

)

Increase in cash and cash equivalents

1,388,056

5,618,947

Cash and cash equivalents at beginning of year

2

7,533,301

1,914,354

Cash and cash equivalents at end of year

2

8,921,357

7,533,301