REGISTERED NUMBER: 03936148 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Nantwich Veneers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Baddeley

M P Baddeley

REGISTERED OFFICE:

Alexandra Business Park

Gresty Lane

Shavington

Crewe

Cheshire

CW2 5DD

REGISTERED NUMBER:

03936148 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

1,157,677

792,067

CURRENT ASSETS

Stocks

6

386,479

249,716

Debtors

7

254,737

214,944

Cash at bank and in hand

12,984

20,014

654,200

484,674

CREDITORS

Amounts falling due within one year

8

(817,652

)

(594,266

)

NET CURRENT LIABILITIES

(163,452

)

(109,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

994,225

682,475

CREDITORS

Amounts falling due after more than one year

9

(302,705

)

(338,269

)

PROVISIONS FOR LIABILITIES

10

(109,056

)

(19,507

)

NET ASSETS

582,464

324,699

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

11

296,804

-

Retained earnings

284,660

323,699

582,464

324,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 9 October 2026 and were signed on its behalf by:

S J Baddeley - Director

1.	STATUTORY INFORMATION

Nantwich Veneers Limited's principal activity during the year under review was that of the manufacture and supply of wood veneer.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office address is Alexandra Business Park, Gresty Lane, Shavington, Crewe, Cheshire, CW2 5DD. The company's registered number is 03936148.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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 principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Revenue represents net invoiced sales of goods, excluding value added tax. Sales are recognised on the date goods are despatched. Carriage charges made to customers are included in turnover

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% 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

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loan.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income and retained earnings.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 March 2025

704,650

336,189

72,151

29,722

1,142,712

Additions

-

-

1,030

-

1,030

Revaluations

395,350

-

-

-

395,350

At 28 February 2026

1,100,000

336,189

73,181

29,722

1,539,092

DEPRECIATION

At 1 March 2025

-

276,530

54,425

19,690

350,645

Charge for year

16,500

8,949

2,813

2,508

30,770

At 28 February 2026

16,500

285,479

57,238

22,198

381,415

NET BOOK VALUE

At 28 February 2026

1,083,500

50,710

15,943

7,524

1,157,677

At 28 February 2025

704,650

59,659

17,726

10,032

792,067

Included in cost or valuation of land and buildings is freehold land of £ 275,000 (2025 - £ 275,000 ) which is not depreciated.

Cost or valuation at 28 February 2026 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2026

395,350

-

-

-

395,350

Cost

704,650

336,189

73,181

29,722

1,143,742

1,100,000

336,189

73,181

29,722

1,539,092

6.

STOCKS

2026

2025

as restated

£

£

Stocks

386,479

249,716

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

250,237

188,094

Other debtors

4,500

26,850

254,737

214,944

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Bank loans and overdrafts

264,781

194,318

Hire purchase contracts

2,905

4,358

Trade creditors

358,435

229,756

Taxation and social security

160,842

133,936

Other creditors

30,689

31,898

817,652

594,266

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

£

Bank loans

302,705

335,727

Hire purchase contracts

-

2,542

302,705

338,269

10.	PROVISIONS FOR LIABILITIES

2026

2025

as restated

£

£

Deferred tax

109,056

19,507

Deferred

tax

£

Balance at 1 March 2025

19,507

Credit to Income Statement during year

(1,090

)

Property Revaluation

90,639

Balance at 28 February 2026

109,056

11.

RESERVES

Revaluation

reserve

£

Revaluation

395,350

Transfer

(98,546

)

At 28 February 2026

296,804

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NVL (2016) Limited, a company registered in England and Wales.