Board pack

Wrenmoor Group · Board pack · September 2026Page 1 of 10

Cover and contents

W

Wrenmoor Group

Board pack

September 2026

Management accounts for September and the year to date (April to September), FY 2026/27.

Companies: Wrenmoor Holdings Ltd XeroWrenmoor Trading Ltd SageWrenmoor Services Ltd QuickBooks
Prepared by: Sarah Whitfield, management accountant
Reviewed by: Claire Ashworth, Group Finance Director
For: The directors, by Mon 5 Oct 17:00 (close working day 3)

Contents

Still to do before it goes out (17)

Wrenmoor Group · Board pack · September 2026Page 2 of 10

Highlights

Group profit before tax £85,793 for September, £15,093 ahead of budget; £364,875 for the year to date, £10,575 ahead of budget.

Revenue, September

£913,608

+£41,508 against budget

Profit before tax, September

£85,793

+£15,093 against budget

Gross margin, September

30.9%

+0.6 pts against budget

Cash at 30 September

£1,204,244

All four Fernlea Bank accounts, reconciled

The consolidation does not tie yet: Trading and Services are £1,368.58 apart until Services books WT-208358. Group profit includes £1,140.48 of intercompany sales Services has not booked. Open the consolidation

What moved in September

Trading revenue £618,321: £28,421 better than budget (4.8%) and £60,471 better than September last year. September trade sales were 11% above the April to August average as heating spares orders picked up ahead of winter.
Services revenue £321,495: £18,395 better than budget (6.1%) and £18,875 better than September last year. Reactive repairs billed £75,395 against an April to August average of £60,640 as heating systems were switched back on; contract income has been £6,000 a month higher since two care home contracts started in August.
Trading cost of sales £434,783: £17,383 worse than budget (4.2%) and £32,173 worse than September last year. Gross margin on trade sales was 31.4% in September; cost of sales follows the higher sales.

Wrenmoor Group · Board pack · September 2026Page 3 of 10

Group profit and loss

Group, September 2026, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	913,608	872,100	41,508	4.8%	841,840	71,768
Cost of sales	(630,982)	(607,700)	(23,282)	(3.8%)	(587,660)	(43,322)
Gross profit	282,625	264,400	18,225	6.9%	254,180	28,445
Gross margin	30.9%	30.3%	+0.6 pts		30.2%	+0.7 pts
Staff costs	(143,835)	(139,300)	(4,535)	(3.3%)	(139,100)	(4,735)
Premises	(9,505)	(11,300)	1,795	15.9%	(9,480)	(25)
Vehicles	(3,603)	(3,600)	(3)	(0.1%)	(3,510)	(93)
IT and communications	(11,090)	(11,200)	110	1.0%	(10,830)	(260)
Professional fees	(4,126)	(4,800)	674	14.0%	(3,980)	(146)
Management fees	-	-	-		-	-
Other overheads	(16,941)	(14,800)	(2,141)	(14.5%)	(16,350)	(591)
Unmatched intercompanyclears when Services books Trading's invoice	1,140	-	1,140		-	1,140
EBITDA	94,666	79,400	15,266	19.2%	70,930	23,736
Depreciation	(9,025)	(8,800)	(225)	(2.6%)	(8,630)	(395)
Interest	152	100	52	52.4%	140	12
Profit before tax	85,793	70,700	15,093	21.4%	62,440	23,353
Corporation taxSeptember is the estimate scheduled for working day 3	(21,448)	(17,675)	(3,773)	(21.4%)	(15,610)	(5,838)
Profit after tax	64,345	53,025	11,320	21.4%	46,830	17,515

Group, April to September, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	5,036,233	4,987,300	48,933	1.0%	4,698,070	338,163
Cost of sales	(3,503,929)	(3,470,800)	(33,129)	(0.9%)	(3,288,750)	(215,179)
Gross profit	1,532,304	1,516,500	15,804	1.0%	1,409,320	122,984
Gross margin	30.4%	30.4%	+0.0 pts		30.0%	+0.4 pts
Staff costs	(841,163)	(835,800)	(5,363)	(0.6%)	(803,920)	(37,243)
Premises	(68,655)	(67,800)	(855)	(1.3%)	(66,370)	(2,285)
Vehicles	(22,291)	(21,600)	(691)	(3.2%)	(21,570)	(721)
IT and communications	(66,723)	(67,200)	477	0.7%	(64,660)	(2,063)
Professional fees	(28,547)	(28,800)	253	0.9%	(27,600)	(947)
Management fees	-	-	-		-	-
Other overheads	(89,143)	(88,800)	(343)	(0.4%)	(86,230)	(2,913)
Unmatched intercompanyclears when Services books Trading's invoice	1,140	-	1,140		-	1,140
EBITDA	416,923	406,500	10,423	2.6%	338,970	77,953
Depreciation	(52,942)	(52,800)	(142)	(0.3%)	(51,210)	(1,732)
Interest	894	600	294	49.0%	860	34
Profit before tax	364,875	354,300	10,575	3.0%	288,620	76,255
Corporation taxincludes the September estimate	(91,219)	(88,575)	(2,644)	(3.0%)	(72,153)	(19,066)
Profit after tax	273,656	265,725	7,931	3.0%	216,467	57,189

Costs in brackets. Variances: positive is better than budget or last year, in brackets worse. Intercompany trading is removed, so revenue is sales to customers.

Group profit before tax by month

ActualBudgetLast year

£0

£25k

£50k

£75k

£100k

£51.0k

£54.7k

£54.9k

£63.2k

£55.3k

£85.8k

AprMayJunJulAugSep

Wrenmoor Group · Board pack · September 2026Page 4 of 10

Company profit and loss

Wrenmoor Holdings LtdXero

September 2026, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	66,500	66,600	(100)	(0.1%)	62,870	3,630
Cost of sales	-	-	-		-	-
Gross profit	66,500	66,600	(100)	(0.1%)	62,870	3,630
Gross margin	100.0%	100.0%	0.0 pts		100.0%	0.0 pts
Staff costs	(39,549)	(39,400)	(149)	(0.4%)	(37,670)	(1,879)
Premises	(9,505)	(11,300)	1,795	15.9%	(9,480)	(25)
Vehicles	-	-	-		-	-
IT and communications	(2,860)	(2,800)	(60)	(2.1%)	(2,830)	(30)
Professional fees	(1,500)	(1,800)	300	16.7%	(1,430)	(70)
Management fees	-	-	-		-	-
Other overheads	(1,576)	(1,100)	(476)	(43.3%)	(1,520)	(56)
EBITDA	11,510	10,200	1,310	12.8%	9,940	1,570
Depreciation	(3,850)	(3,900)	50	1.3%	(3,660)	(190)
Interest	590	538	52	9.8%	703	(113)
Profit before tax	8,250	6,838	1,413	20.7%	6,983	1,268
Corporation taxSeptember is the estimate scheduled for working day 3	(2,063)	(1,709)	(354)	(20.7%)	(1,746)	(317)
Profit after tax	6,188	5,129	1,059	20.6%	5,237	951

Wrenmoor Holdings LtdXero

April to September, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	399,000	399,600	(600)	(0.1%)	376,910	22,090
Cost of sales	-	-	-		-	-
Gross profit	399,000	399,600	(600)	(0.1%)	376,910	22,090
Gross margin	100.0%	100.0%	0.0 pts		100.0%	0.0 pts
Staff costs	(235,169)	(236,400)	1,231	0.5%	(222,560)	(12,609)
Premises	(68,655)	(67,800)	(855)	(1.3%)	(66,370)	(2,285)
Vehicles	-	-	-		-	-
IT and communications	(17,010)	(16,800)	(210)	(1.3%)	(16,460)	(550)
Professional fees	(10,705)	(10,800)	95	0.9%	(10,350)	(355)
Management fees	-	-	-		-	-
Other overheads	(6,673)	(6,600)	(73)	(1.1%)	(6,440)	(233)
EBITDA	60,788	61,200	(412)	(0.7%)	54,730	6,058
Depreciation	(23,100)	(23,400)	300	1.3%	(22,350)	(750)
Interest	3,706	3,413	294	8.6%	4,235	(529)
Profit before tax	41,395	41,213	182	0.4%	36,615	4,780
Corporation taxincludes the September estimate	(10,349)	(10,302)	(47)	(0.5%)	(9,154)	(1,195)
Profit after tax	31,046	30,911	136	0.4%	27,461	3,585

Wrenmoor Trading LtdSage

September 2026, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	618,321	589,900	28,421	4.8%	557,850	60,471
Cost of sales	(434,783)	(417,400)	(17,383)	(4.2%)	(402,610)	(32,173)
Gross profit	183,538	172,500	11,038	6.4%	155,240	28,298
Gross margin	29.7%	29.2%	+0.4 pts		27.8%	+1.9 pts
Staff costs	(76,286)	(73,900)	(2,386)	(3.2%)	(74,260)	(2,026)
Premises	(9,500)	(9,500)	-	0.0%	(9,500)	-
Vehicles	(3,603)	(3,600)	(3)	(0.1%)	(3,510)	(93)
IT and communications	(3,980)	(4,000)	20	0.5%	(3,760)	(220)
Professional fees	(1,000)	(1,700)	700	41.2%	(990)	(10)
Management fees	(28,000)	(28,000)	-	0.0%	(26,000)	(2,000)
Other overheads	(13,150)	(11,300)	(1,850)	(16.4%)	(12,740)	(410)
EBITDA	48,019	40,500	7,519	18.6%	24,480	23,539
Depreciation	(3,475)	(3,200)	(275)	(8.6%)	(3,290)	(185)
Interest	-	-	-		-	-
Profit before tax	44,544	37,300	7,244	19.4%	21,190	23,354
Corporation taxSeptember is the estimate scheduled for working day 3	(11,136)	(9,325)	(1,811)	(19.4%)	(5,297)	(5,839)
Profit after tax	33,408	27,975	5,433	19.4%	15,893	17,515

Wrenmoor Trading LtdSage

April to September, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	3,379,437	3,347,300	32,137	1.0%	3,149,190	230,247
Cost of sales	(2,391,051)	(2,362,400)	(28,651)	(1.2%)	(2,236,220)	(154,831)
Gross profit	988,385	984,900	3,485	0.3%	912,970	75,415
Gross margin	29.3%	29.4%	-0.2 pts		29.0%	+0.3 pts
Staff costs	(447,896)	(443,400)	(4,496)	(1.0%)	(430,750)	(17,146)
Premises	(57,000)	(57,000)	-	0.0%	(57,000)	-
Vehicles	(22,291)	(21,600)	(691)	(3.2%)	(21,570)	(721)
IT and communications	(23,880)	(24,000)	120	0.5%	(23,040)	(840)
Professional fees	(9,707)	(10,200)	493	4.8%	(9,400)	(307)
Management fees	(168,000)	(168,000)	-	0.0%	(156,000)	(12,000)
Other overheads	(67,617)	(67,800)	183	0.3%	(65,470)	(2,147)
EBITDA	191,994	192,900	(906)	(0.5%)	149,740	42,254
Depreciation	(19,642)	(19,200)	(442)	(2.3%)	(18,940)	(702)
Interest	-	-	-		-	-
Profit before tax	172,353	173,700	(1,347)	(0.8%)	130,800	41,553
Corporation taxincludes the September estimate	(43,088)	(43,425)	337	0.8%	(32,698)	(10,390)
Profit after tax	129,265	130,275	(1,010)	(0.8%)	98,102	31,163

Wrenmoor Services LtdQuickBooks

September 2026, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	321,495	303,100	18,395	6.1%	302,620	18,875
Cost of sales	(224,267)	(214,300)	(9,967)	(4.7%)	(206,550)	(17,717)
Gross profit	97,228	88,800	8,428	9.5%	96,070	1,158
Gross margin	30.2%	29.3%	+0.9 pts		31.8%	-1.5 pts
Staff costs	(28,000)	(26,000)	(2,000)	(7.7%)	(27,170)	(830)
Premises	(6,500)	(6,500)	-	0.0%	(6,500)	-
Vehicles	-	-	-		-	-
IT and communications	(4,250)	(4,400)	150	3.4%	(4,240)	(10)
Professional fees	(1,626)	(1,300)	(326)	(25.1%)	(1,560)	(66)
Management fees	(19,500)	(19,500)	-	0.0%	(18,000)	(1,500)
Other overheads	(2,216)	(2,400)	184	7.7%	(2,090)	(126)
EBITDA	35,136	28,700	6,436	22.4%	36,510	(1,374)
Depreciation	(1,700)	(1,700)	-	0.0%	(1,680)	(20)
Interest	(438)	(438)	-	0.0%	(563)	125
Profit before tax	32,998	26,563	6,436	24.2%	34,268	(1,269)
Corporation taxSeptember is the estimate scheduled for working day 3	(8,250)	(6,641)	(1,609)	(24.2%)	(8,567)	317
Profit after tax	24,749	19,922	4,827	24.2%	25,701	(952)

Wrenmoor Services LtdQuickBooks

April to September, £	Actual	Budget	Variance	Var %	Last year	Vs last year
Revenue	1,776,094	1,765,400	10,694	0.6%	1,660,970	115,124
Cost of sales	(1,249,035)	(1,252,400)	3,365	0.3%	(1,181,530)	(67,505)
Gross profit	527,059	513,000	14,059	2.7%	479,440	47,619
Gross margin	29.7%	29.1%	+0.6 pts		28.9%	+0.8 pts
Staff costs	(158,098)	(156,000)	(2,098)	(1.4%)	(150,610)	(7,488)
Premises	(39,000)	(39,000)	-	0.0%	(39,000)	-
Vehicles	-	-	-		-	-
IT and communications	(25,833)	(26,400)	567	2.1%	(25,160)	(673)
Professional fees	(8,135)	(7,800)	(335)	(4.3%)	(7,850)	(285)
Management fees	(117,000)	(117,000)	-	0.0%	(108,000)	(9,000)
Other overheads	(14,853)	(14,400)	(453)	(3.1%)	(14,320)	(533)
EBITDA	164,140	152,400	11,740	7.7%	134,500	29,640
Depreciation	(10,200)	(10,200)	-	0.0%	(9,920)	(280)
Interest	(2,813)	(2,813)	-	0.0%	(3,375)	563
Profit before tax	151,128	139,388	11,740	8.4%	121,205	29,923
Corporation taxincludes the September estimate	(37,782)	(34,848)	(2,934)	(8.4%)	(30,301)	(7,481)
Profit after tax	113,346	104,540	8,806	8.4%	90,904	22,442

Each company as its own ledger shows it, including the rent, management fees, loan interest and parts it charges the others. Trading's slow-moving stock provision (£4,180.00, draft journal J-TRD-2609-08) is not in these figures until Martin Hale reviews it.

Wrenmoor Group · Board pack · September 2026Page 5 of 10

Balance sheet

Group, at 30 September 2026	£
Tangible fixed assets	1,806,508
Stock	1,095,468
Trade debtors	1,583,917
Prepayments and accrued income	74,321
Cash at bank	1,204,244
Intercompany not yet matched	1,369
Trade creditors	(623,902)
Accruals and deferred income	(236,053)
Tax and social security (including the September tax estimate)	(692,749)
Other creditors	(17,871)
Net assets	4,195,252
Share capital	10,000
Retained earnings at 1 April	3,911,595
Profit after tax, April to September	273,656
Total equity	4,195,252

Liabilities in brackets. Consolidated: intercompany balances, the loan and Holdings' investments are removed. Net assets have grown by the profit after tax since 1 April. The company columns are on the consolidation.

Wrenmoor Group · Board pack · September 2026Page 6 of 10

Cash and payment runs

Cash at each month end, by company

HoldingsTradingServices

£0

£500k

£1m

£1.5m

£999k

£912k

£994k

£1.09m

£1.19m

£1.20m

AprMayJunJulAugSep

Bank account	At 30 Sep	Now (feed 10:30)	Minimum kept
Holdings: Fernlea Bank current account ending 2290	£239,497.55	£236,872.55	£50,000
Holdings: Fernlea Bank deposit account ending 8114	£250,893.90	£250,893.90	-
Trading: Fernlea Bank current account ending 6031	£164,378.41	£234,309.51	£75,000
Services: Fernlea Bank current account ending 5528	£549,474.41	£587,894.41	£40,000

Today's payment runs

Holdings: 5 paymentsMartin approved 10:08; waiting for Claire, goes at 14:00£1,095.48 Trading: 7 paymentsMartin approved 10:05; waiting for Claire, goes at 14:00£6,200.38 Services: 21 paymentsMartin approved 10:11; waiting for Claire, goes at 14:00£27,620.09

Wrenmoor Group · Board pack · September 2026Page 7 of 10

Key figures

Revenue

£913,608

Budget£872,100

Variance+£41,508

Year to date£5,036,233

Gross margin

30.9%

Budget30.3%

Variance+0.6 pts

Year to date30.4%

Overheads

£189,100

Budget£185,000

Variance-£4,100

Year to date£1,116,521

Lower is better; shown as a cost

EBITDA

£94,666

Budget£79,400

Variance+£15,266

Year to date£416,923

Profit before tax

£85,793

Budget£70,700

Variance+£15,093

Year to date£364,875

Cash at 30 September

£1,204,244

All four bank accounts, as reconciled

Debtor days

47 days

Trade debtors against July to September sales including VAT

Creditor days

28 days

Trade creditors against July to September supplier invoices including VAT

September figures unless marked. Debtor and creditor days use July to September. Creditor days move when September invoices are approved and posted.

Wrenmoor Group · Board pack · September 2026Page 8 of 10

Variance commentary

Group profit before tax £85,793 for September, £15,093 ahead of budget; £364,875 for the year to date, £10,575 ahead of budget.

The six largest variances against budget, September

TradingTrading revenue £618,321: £28,421 better than budget (4.8%) and £60,471 better than September last year. September trade sales were 11% above the April to August average as heating spares orders picked up ahead of winter.
ServicesServices revenue £321,495: £18,395 better than budget (6.1%) and £18,875 better than September last year. Reactive repairs billed £75,395 against an April to August average of £60,640 as heating systems were switched back on; contract income has been £6,000 a month higher since two care home contracts started in August.
TradingTrading cost of sales £434,783: £17,383 worse than budget (4.2%) and £32,173 worse than September last year. Gross margin on trade sales was 31.4% in September; cost of sales follows the higher sales.
ServicesServices cost of sales £224,267: £9,967 worse than budget (4.7%) and £17,717 worse than September last year. Engineer wages were £102,820 with overtime on the reactive calls, against £97,000 in a normal month.
TradingTrading staff costs £76,286: £2,386 worse than budget (3.2%) and £2,026 worse than September last year.
ServicesServices staff costs £28,000: £2,000 worse than budget (7.7%) and £830 worse than September last year.

Written by the system from the numbers in the ledgers, the budget and last year. Sarah Whitfield adds anything the numbers cannot say before the pack goes out.

Wrenmoor Group · Board pack · September 2026Page 9 of 10

Appendix: aged creditors

At 30 September, £	Overdue	By 9 Oct	10 to 31 Oct	Nov or later	Total	Ledger control
HoldingsXero 800	-	1,095	3,556	-	4,651	4,651 agrees
TradingSage 2100	-	6,200	549,562	-	555,762	555,762 agrees
ServicesQuickBooks 2100	-	20,697	42,791	-	63,489	63,489 agrees
Group	-	27,993	595,909	-	623,902	623,902

Supplier invoices posted to September or earlier and not paid by 30 September; intercompany invoices are excluded. Nothing is overdue. The full list, supplier by supplier, is in Reports.

Wrenmoor Group · Board pack · September 2026Page 10 of 10

Appendix: intercompany

Pair	First side	Other side	Difference	Status
Holdings and TradingCurrent account: Holdings 615, Trading 2120	45,000	45,000	-	agreed
Holdings and TradingRent: Holdings 200, Trading 7100	57,000	57,000	-	agreed
Holdings and TradingManagement fees: Holdings 210, Trading 8200	168,000	168,000	-	agreed
Holdings and ServicesCurrent account: Holdings 616, Services 2130	31,638	31,638	-	agreed
Holdings and ServicesRent: Holdings 201, Services 6100	39,000	39,000	-	agreed
Holdings and ServicesManagement fees: Holdings 211, Services 6200	117,000	117,000	-	agreed
Loan: Holdings to ServicesLoan: Holdings 040, Services 2300	75,000	75,000	-	agreed
Loan: Holdings to ServicesLoan interest: Holdings 220, Services 6900	2,813	2,813	-	agreed
Trading and ServicesCurrent account: Trading 1110, Services 2140	33,509	32,140	£1,368.58	apart
Trading and ServicesParts sales and purchases: Trading 4010, Services 5010	137,298	136,158	£1,140.48	apart
Investments and share capitalInvestment in Trading: Holdings 030, Trading 3000	50,000	50,000	-	agreed
Investments and share capitalInvestment in Services: Holdings 031, Services 3000	25,000	25,000	-	agreed

Trading and Services are apart because Trading invoice WT-208358 (£1,368.58) is not booked in Services yet. It waits for Mark Ellison. Intercompany