REGISTERED NUMBER: 03123113 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

N&C GROUP UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Farrimond

Miss J K Farrimond

D J Farrimond

D B Farrimond

SECRETARY:

D J Farrimond

REGISTERED OFFICE:

1st Floor

4 Jordan Street

Manchester

M15 4PY

REGISTERED NUMBER:

03123113 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

3,324

3,574

Investments

5

616,500

616,500

619,824

620,074

CURRENT ASSETS

Debtors

6

121,099

191,176

Cash at bank

14,576

8,864

135,675

200,040

CREDITORS

Amounts falling due within one year

7

33,725

71,651

NET CURRENT ASSETS

101,950

128,389

TOTAL ASSETS LESS CURRENT LIABILITIES

721,774

748,463

CAPITAL AND RESERVES

Called up share capital

8

9,000

10,000

Share premium

9

562,500

562,500

Capital redemption reserve

9

1,000

-

Retained earnings

9

149,274

175,963

SHAREHOLDERS' FUNDS

721,774

748,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 27 August 2026 and were signed on its behalf by:

D B Farrimond - Director

1.	STATUTORY INFORMATION

N&C Group UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 February 2025

5,673

8,145

13,818

Additions

-

524

524

At 31 January 2026

5,673

8,669

14,342

DEPRECIATION

At 1 February 2025

3,171

7,073

10,244

Charge for year

375

399

774

At 31 January 2026

3,546

7,472

11,018

NET BOOK VALUE

At 31 January 2026

2,127

1,197

3,324

At 31 January 2025

2,502

1,072

3,574

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 February 2025

and 31 January 2026

616,500

NET BOOK VALUE

At 31 January 2026

616,500

At 31 January 2025

616,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Northern & Central Wigan Limited

Registered office: Within the United Kingdom

Nature of business: Electrical Wholesalers

%

Class of shares:

holding

Ordinary

100.00

Preference

100.00

31.1.26

31.1.25

£

£

Aggregate capital and reserves

833,941

863,738

Loss for the year

(29,797

)

(16,239

)

Northern & Central Ormskirk Limited

Registered office: Within the United Kingdom

Nature of business: Electrical Wholesalers

%

Class of shares:

holding

Ordinary

100.00

31.1.26

31.1.25

£

£

Aggregate capital and reserves

268,442

366,155

Loss for the year

(97,713

)

(36,723

)

Northern & Central Buxton Limited

Registered office: Within the United Kingdom

Nature of business: Electrical Wholesalers

%

Class of shares:

holding

Ordinary

100.00

31.1.26

31.1.25

£

£

Aggregate capital and reserves

1,053,906

1,036,767

Profit for the year

9,264

17,570

Northern & Central Macclesfield Limited

Registered office: Within the United Kingdom

Nature of business: Electrical Wholesalers

%

Class of shares:

holding

Ordinary

100.00

Preference

100.00

31.1.26

31.1.25

£

£

Aggregate capital and reserves

250,767

313,779

Loss for the year

(63,012

)

(46,280

)

Investment

at Cost

£

Northern & Central Wigan Limited

296,500

Northern & Central Ormskirk Limited

35,000

Northern & Central Buxton Limited

160,000

Northern & Central Macclesfield Limited

125,000

616,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

2,145

51

Amounts due from subsidiaries

113,865

185,802

Prepayments and accrued income

5,089

5,323

121,099

191,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Social security and other taxes

9,574

-

VAT

8,140

10,874

Directors' current accounts

13,286

58,127

Accrued expenses

2,725

2,650

33,725

71,651

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

10,000

Ordinary

£1

9,000

10,000

9.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 February 2025

175,963

562,500

-

738,463

Deficit for the year

(5,115

)

(5,115

)

Purchase of own shares

(21,574

)

-

1,000

(20,574

)

At 31 January 2026

149,274

562,500

1,000

712,774

10.	RELATED PARTY DISCLOSURES

Mr D J Farrimond, Mrs P Farrimond and Mr D B Farrimond, directors of the company, are also the directors of the subsidiary undertakings listed in note 8. Consultancy fees were received from the subsidiary undertakings as follows:

2026

2025

£

£

Northern & Central Wigan Limited

100,087

67,700

Northern & Central Ormskirk Limited

38,000

26,000

Northern & Central Macclesfield Limited

-

12,000

Northern & Central Buxton Limited

108,000

114,700

246,087

220,400