REGISTERED NUMBER: 03476904 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Trentside Fixings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

229,289

273,965

CURRENT ASSETS

Stocks

5

770,499

784,679

Debtors

6

3,878,262

1,782,238

Cash at bank and in hand

641,812

2,652,701

5,290,573

5,219,618

CREDITORS

Amounts falling due within one year

7

(1,001,670

)

(1,037,114

)

NET CURRENT ASSETS

4,288,903

4,182,504

TOTAL ASSETS LESS CURRENT LIABILITIES

4,518,192

4,456,469

PROVISIONS FOR LIABILITIES

(48,392

)

(23,876

)

NET ASSETS

4,469,800

4,432,593

CAPITAL AND RESERVES

Called up share capital

9

75

75

Capital redemption reserve

25

25

Retained earnings

4,469,700

4,432,493

SHAREHOLDERS' FUNDS

4,469,800

4,432,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2026 and were signed on its behalf by:

S Bassford - Director

D M Bird - Director

1.	STATUTORY INFORMATION

Trentside Fixings Limited is a private company limited by shares, incorporated and domiciled in England and Wales (registered number 03476904). The address of its registered office is Finch Close, Lenton Industrial Estate, Nottingham, NG7 2NN. The principal activity of the company is the distribution of fixings, fasteners and related products to the construction industry and allied trades. On 30 January 2026 the company became a wholly-owned subsidiary of SIDA Holdings UK Limited.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipment

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Plant and

Motor

& office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

174,896

417,870

62,004

654,770

Additions

13,400

44,970

-

58,370

Disposals

-

(47,320

)

-

(47,320

)

At 31st March 2026

188,296

415,520

62,004

665,820

DEPRECIATION

At 1st April 2025

152,419

173,552

54,834

380,805

Charge for year

8,969

65,668

1,792

76,429

Eliminated on disposal

-

(20,703

)

-

(20,703

)

At 31st March 2026

161,388

218,517

56,626

436,531

NET BOOK VALUE

At 31st March 2026

26,908

197,003

5,378

229,289

At 31st March 2025

22,477

244,318

7,170

273,965

5.

STOCKS

31.3.26

31.3.25

£

£

Stocks

770,499

784,679

6.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Trade debtors

1,384,503

1,725,807

Other debtors

5,000

5,000

Prepayments

58,759

51,431

1,448,262

1,782,238

31.3.26

31.3.25

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,430,000

-

Aggregate amounts

3,878,262

1,782,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

526,975

636,756

Tax

208,983

225,191

VAT

100,030

122,591

Other creditors

147,045

-

Directors' current accounts

5,681

11,346

Accrued expenses

12,956

41,230

1,001,670

1,037,114

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

189,945

171,020

Between one and five years

55,270

207,449

245,215

378,469

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

75

Ordinary

£1

75

75

10.	SECURITY AND CONTINGENT LIABILITIES

As security for the deferred consideration of £3,600,000 (plus interest at 5% per annum) payable by the parent company, SIDA Holdings UK Limited, to the former shareholders of the company, the company has granted a debenture incorporating fixed and floating charges over its assets and undertaking. A corresponding charge has been registered at Companies House. In the event that the parent company defaults on the deferred consideration, the former shareholders may enforce their security over the company's assets. The directors do not consider that any liability will crystallise under this security and accordingly no provision has been made.

11.	EVENTS AFTER THE REPORTING PERIOD

Since the year end the company has continued to pay monthly dividends to its parent company in accordance with the management buy-out arrangements. There have been no other events after the reporting period requiring disclosure or adjustment to these financial statements.

12.	PARENT UNDERTAKING AND CONTROLLING PARTY

The controlling party is SIDA Holdings UK Limited.

The company's immediate and ultimate parent undertaking at the year end is SIDA Holdings UK Limited, a company incorporated in England and Wales (registered number 16901267), by virtue of its 100% holding of the company's ordinary share capital acquired on 30 January 2026. SIDA Holdings UK Limited is the smallest and largest group for which group financial statements are prepared, although as a small group it is not required to and does not prepare consolidated financial statements. In the opinion of the directors there is no single ultimate controlling party, the parent company being controlled by its four shareholders, none of whom individually controls it.