REGISTERED NUMBER: 11332995 (England and Wales)

Financial Statements

for the Period 30 December 2024 to 30 September 2025

for

North Wales Materials Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Hall

Ms L B McAlister

M F McWilliams

REGISTERED OFFICE:

Siskin Drive

Middlemarch Business Park

Coventry

West Midlands

CV3 4FJ

REGISTERED NUMBER:

11332995 (England and Wales)

AUDITORS:

Thornton Springer LLP

Chartered Accountants and

Statutory Auditor

67 Westow Street

London

SE19 3RW

CURRENT ASSETS

Stocks

5,760

5,760

Debtors

5

7,736,762

39,401

Cash at bank and in hand

160

546

7,742,682

45,707

CREDITORS

Amounts falling due within one year

6

(7,919,095

)

(208,850

)

NET CURRENT LIABILITIES

(176,413

)

(163,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(176,413

)

(163,143

)

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

(176,515

)

(163,245

)

SHAREHOLDERS' FUNDS

(176,413

)

(163,143

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

M F McWilliams - Director

1.	STATUTORY INFORMATION

North Wales Materials 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover

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

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition, including any import costs, duties and carriage.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period 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.

Going concern

The financial accounts have been prepared on a going concern basis; the company recognises there is an in-year loss in 24/25 but a healthy 12 month forecast of Duo group has been reviewed by the directors for 2026. The Management Team continue to be cost efficient by careful consideration of overheads. The Management Team have a scheduled review on a monthly basis and utilise this time to review past performance, refine forecast for upcoming months and to review current projects. The industry the company operates within has been fortunate enough to continue operating in these challenging times due to environmental factors. The directors also believe the company is a going concern as the entity will continue to meet all financial obligations as they fall due. They also confirmed that group support will be made available if needed.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - 1 ).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

29.12.24

£

£

Amounts owed by group undertakings

39,300

-

Other debtors

-

39,401

Amount due from related entity

7,697,462

-

7,736,762

39,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

29.12.24

£

£

Trade creditors

2,148

-

Amounts owed to group undertakings

7,877,864

-

Tax

10,000

10,000

VAT

25,083

44,542

Other creditors

-

154,308

Accruals and deferred income

4,000

-

7,919,095

208,850

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

29.12.24

value:

£

£

102

Ordinary

£1

102

102

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen A Kaye (Senior Statutory Auditor)

for and on behalf of Thornton Springer LLP

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The parent company during the financial year is Nationwide Materials Limited, a company incorporated in England and Wales.

These accounts have been consolidated in the PT McWilliams Group Limited accounts (ultimate parent) and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Mr. M F McWilliams is considered to be the ultimate controlling party by virtue of his ability to act in concert in respect of the financial and operating policies of the company.