REGISTERED NUMBER: 12128680 (England and Wales)

Nowco Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

P J Woodcock

Mrs N Woodcock

Registered office:

7c Hurricane Way

Hellesdon

Norwich

Norfolk

NR6 6EZ

Registered number:

12128680 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

78,353

104,470

Current assets

Stocks

-

20,000

Debtors

5

42,597

12,695

Cash at bank and in hand

4,020

14,226

46,617

46,921

Creditors

Amounts falling due within one year

6

132,776

105,556

Net current liabilities

(86,159

)

(58,635

)

Total assets less current liabilities

(7,806

)

45,835

Creditors

Amounts falling due after more than one year

7

76,981

146,763

Net liabilities

(84,787

)

(100,928

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(84,887

)

(101,028

)

(84,787

)

(100,928

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 September 2026 and were signed on its behalf by:

P J Woodcock - Director

1.	Statutory information

Nowco 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" 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 represents the fair value of consideration receivable for the design, supply and installation of kitchens, bathrooms and bedrooms, together with associated appliances, worktops and fittings, in the ordinary course of business, excluding value added tax, trade discounts and rebates.

Revenue from the supply and installation of kitchens, bathrooms and bedrooms is recognised when the goods have been supplied and the installation has been completed in accordance with the agreed terms with the customer.

Revenue from goods supplied without installation is recognised when the goods are delivered to the customer and control of the goods has passed.

Deposits and other amounts received or invoiced in advance of the supply and installation of goods are recognised as deferred income until the relevant goods and services have been provided

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

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.

Going concern

The directors have considered the company's financial position, including its net current liability and net liability position at the year end, together with its expected future trading performance, cash flow requirements and available funding arrangements.

Having considered these factors, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 2 (2025 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 April 2025

and 31 March 2026

7,232

206,828

214,060

Depreciation

At 1 April 2025

4,407

105,183

109,590

Charge for year

706

25,411

26,117

At 31 March 2026

5,113

130,594

135,707

Net book value

At 31 March 2026

2,119

76,234

78,353

At 31 March 2025

2,825

101,645

104,470

5.

Debtors: amounts falling due within one year

31/3/26

31/3/25

£

£

Trade debtors

3,399

-

Other debtors

39,198

12,695

42,597

12,695

6.

Creditors: amounts falling due within one year

31/3/26

31/3/25

£

£

Bank loans and overdrafts

5,000

5,000

Hire purchase contracts

60,826

12,610

Trade creditors

11,262

7,402

Taxation and social security

33,055

28,854

Other creditors

22,633

51,690

132,776

105,556

7.

Creditors: amounts falling due after more than one year

31/3/26

31/3/25

£

£

Bank loans

19,259

24,259

Hire purchase contracts

57,722

122,504

76,981

146,763