REGISTERED NUMBER: 01253792 (England and Wales)

Strategic Report, Directors' Report and

Financial Statements for the Year Ended 31 December 2025

for

Arden Winch & Co Limited

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

Mr Adam Christopher Banks

Mr Steven Barker

Mrs Julie Edwina Davison

Mr Richard Hastings Wetherill

Mr Nicholas Arden Winch

SECRETARY:

Mrs Julie Edwina Davison

REGISTERED OFFICE:

9 Acres Hill Lane

Sheffield

South Yorkshire

S9 4LR

REGISTERED NUMBER:

01253792 (England and Wales)

INDEPENDENT AUDITORS:

Landin Wilcock & Co

Statutory Auditor

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

HSBC

37 High Street

Meadowhall Shopping Centre

Sheffield

South Yorkshire

S9 1EN

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The year ending December 2025 was a year where we went backwards slightly. The turnover dropped to £8.8million. We lost a key account at tender (£400,000) with a new buyer preferring Arco because she had used them in a previous company. The rest of the staff wanted to remain with Arden Winch, but her decision was final.

We introduced a New ERP system, Orderwise in June 2025. As with all New ERP systems this was very challenging and took us 3 months to get to a position of relative control.

We also progressed with the new website build and started transitioning current customer ordering portals over to the new web portal site.

The new website, web portal site and full integration with Orderwise is due to be completed in September 2026. It has been a tough 2 years pulling all this together, but I firmly believe it is 100% necessary. This will give the company the tools it needs to get back to growth and power forward.

Our drive for Carbon Neutrality continues at pace. We have put costed plans in place to slowly transition our fleet of delivery vans over to full electric. This will also include more solar panels, more batteries and more charging points. Once this is all complete it will take us to Carbon Neutral for Scope 1 and 2. A huge selling point to larger companies.

I would like to thank the staff for their hard work and patience, particularly after we went live on the Orderwise ERP system. As a team we are pivoting the business, so it has much improved and modern IT systems and website. This will put us ahead of all our smaller local competitors and at least on par with our larger national competitors.

PRINCIPAL RISKS AND UNCERTAINTIES

The main factors outside our control includes the actions of our competitors and government policy. Our senior management regularly review the competitive threats we face in order to identify the appropriate actions to be taken.

The main factors within our control is how we are organised internally, and the recruitment, retention and training of staff with the appropriate skills.

KEY PERFORMANCE INDICATORS

We rely on the below, together with other financial and non-financial key performance indicators to monitor the performance of the business. All indicators are reported and analysed regularly through the provision of management information and business reviews with senior personnel.

unit

2025

2024

Turnover

£

8,794,460

9,308,654

Turnover growth

%

(5.5)

(2)

Gross profit margin

%

31

31

Profit/(loss) before tax

£

441,448

427,998

ON BEHALF OF THE BOARD:

Director

25 August 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an industrial merchant.

DIVIDENDS

Interim dividends of £64,200 were distributed and paid during the year ended 31 December 2025.

DIRECTORS

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

Mr Adam Christopher Banks

Mr Steven Barker

Mrs Julie Edwina Davison

Mr Richard Hastings Wetherill

Mr Nicholas Arden Winch

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Directors' Report 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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;

-	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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Landin Wilcock & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs Julie Edwina Davison - Director

25 August 2026

Opinion

We have audited the financial statements of Arden Winch & Co Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 December 2025 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 Directors' Report, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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 four, 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.

- minimal reliance was placed upon the operating effectiveness of internal controls in the design and performance of our substantive procedures;

- discussions were held with management considering known or suspected non-compliance with laws, regulations and fraud;

- journal entries were reviewed for any entries made outside the ordinary reporting process with particular emphasis on those with unusual account combinations, entries crediting revenue and those without specific descriptions;

- management assumptions in their significant accounting estimates were challenged and scrutinised.

There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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.

Tom Henshaw (Senior Statutory Auditor)

for and on behalf of Landin Wilcock & Co

Statutory Auditor

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

26 August 2026

TURNOVER

3

8,794,460

9,308,654

Cost of sales

(6,072,281

)

(6,427,473

)

GROSS PROFIT

2,722,179

2,881,181

Administrative expenses

(2,612,150

)

(2,533,773

)

110,029

347,408

Other operating income

51,600

51,600

Gain/loss on revaluation of investment property

255,000

-

OPERATING PROFIT

5

416,629

399,008

Interest receivable and similar income

25,665

30,452

442,294

429,460

Interest payable and similar expenses

6

(846

)

(1,462

)

PROFIT BEFORE TAXATION

441,448

427,998

Tax on profit

7

(139,932

)

(115,890

)

PROFIT FOR THE FINANCIAL YEAR

301,516

312,108

PROFIT FOR THE YEAR

301,516

312,108

OTHER COMPREHENSIVE INCOME

Surplus on property revaluation

100,793

895

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

100,793

895

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

402,309

313,003

FIXED ASSETS

Intangible assets

9

368,554

218,190

Tangible assets

10

2,484,654

2,074,160

Investments

11

1

1

Investment property

12

1,000,000

745,000

3,853,209

3,037,351

CURRENT ASSETS

Stocks

13

1,081,091

845,756

Debtors

14

1,219,628

1,364,993

Cash at bank and in hand

1,042,691

1,369,434

3,343,410

3,580,183

CREDITORS

Amounts falling due within one year

15

(1,612,074

)

(1,489,542

)

NET CURRENT ASSETS

1,731,336

2,090,641

TOTAL ASSETS LESS CURRENT LIABILITIES

5,584,545

5,127,992

CREDITORS

Amounts falling due after more than one year

16

-

(17,218

)

PROVISIONS FOR LIABILITIES

19

(330,844

)

(195,182

)

NET ASSETS

5,253,701

4,915,592

CAPITAL AND RESERVES

Called up share capital

20

90,415

90,415

Share premium

21

8,243

8,243

Revaluation reserve

21

479,228

408,690

Capital redemption reserve

21

3,510

3,510

Retained earnings

21

4,672,305

4,404,734

SHAREHOLDERS' FUNDS

5,253,701

4,915,592

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mr Steven Barker - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 January 2024

90,415

4,171,990

8,243

Changes in equity

Profit for the year

-

312,108

-

Other comprehensive income

-

1,914

-

Total comprehensive income

-

314,022

-

Dividends

-

(81,278

)

-

Total transactions with owners, recognised directly in equity

-

(81,278

)

-

Balance at 31 December 2024

90,415

4,404,734

8,243

Changes in equity

Profit for the year

-

301,516

-

Other comprehensive income

-

30,255

-

Total comprehensive income

-

331,771

-

Dividends

-

(64,200

)

-

Total transactions with owners, recognised directly in equity

-

(64,200

)

-

Balance at 31 December 2025

90,415

4,672,305

8,243

Capital

Revaluation

redemption

Total

reserve

reserve

equity

£

£

£

Balance at 1 January 2024

409,709

3,510

4,683,867

Changes in equity

Profit for the year

-

-

312,108

Other comprehensive income

(1,019

)

-

895

Total comprehensive income

(1,019

)

-

313,003

Dividends

-

-

(81,278

)

Total transactions with owners, recognised directly in equity

-

-

(81,278

)

Balance at 31 December 2024

408,690

3,510

4,915,592

Changes in equity

Profit for the year

-

-

301,516

Other comprehensive income

70,538

-

100,793

Total comprehensive income

70,538

-

402,309

Dividends

-

-

(64,200

)

Total transactions with owners, recognised directly in equity

-

-

(64,200

)

Balance at 31 December 2025

479,228

3,510

5,253,701

Cash flows from operating activities

Cash generated from operations

1

374,250

476,332

Interest element of hire purchase payments paid

(846

)

(1,462

)

Tax paid

(82,009

)

(63,921

)

Net cash from operating activities

291,395

410,949

Cash flows from investing activities

Purchase of intangible fixed assets

(155,364

)

-

Purchase of tangible fixed assets

(420,021

)

(208,510

)

Interest received

25,665

30,452

Net cash from investing activities

(549,720

)

(178,058

)

Cash flows from financing activities

Capital repayments in year

(4,218

)

(3,604

)

Equity dividends paid

(64,200

)

(81,278

)

Net cash from financing activities

(68,418

)

(84,882

)

(Decrease)/increase in cash and cash equivalents

(326,743

)

148,009

Cash and cash equivalents at beginning of year

2

1,369,434

1,221,425

Cash and cash equivalents at end of year

2

1,042,691

1,369,434

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

441,448

427,998

Depreciation charges

115,312

112,772

Gain on revaluation of fixed assets

(255,000

)

-

Finance costs

846

1,462

Finance income

(25,665

)

(30,452

)

276,941

511,780

(Increase)/decrease in stocks

(235,335

)

68,969

Decrease in trade and other debtors

145,365

36,478

Increase/(decrease) in trade and other creditors

187,279

(140,895

)

Cash generated from operations

374,250

476,332

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31/12/25

1/1/25

£

£

Cash and cash equivalents

1,042,691

1,369,434

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

1,369,434

1,221,425

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/25

Cash flow

At 31/12/25

£

£

£

Net cash

Cash at bank and in hand

1,369,434

(326,743

)

1,042,691

1,369,434

(326,743

)

1,042,691

Debt

Finance leases

(21,437

)

4,218

(17,219

)

(21,437

)

4,218

(17,219

)

Total

1,347,997

(322,525

)

1,025,472

1.	STATUTORY INFORMATION

Arden Winch & Co 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Arden Winch & Co Limited as an individual

company and do not contain consolidated financial information as the parent of a group.

Under FRS 102 section 9.9A a subsidiary may be excluded from consolidation when its inclusion is not material for the purpose of giving a true and fair view. The subsidiary continues to be a dormant company.

Related party exemption

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and evaluated and are based upon historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Stock provisioning

The company is engaged in the sale and distribution of personal protective equipment, and as a result, it is necessary to consider the recoverability of the cost of inventory and the associated provisions required. When calculating the inventory provision, management considers the nature and condition of the inventory, as well as applying assumptions around anticipated saleability.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of the debtor and historical experience.