Chiltern Building Products Ltd 04622076 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is manufacturer of architectural glass fibre products. Digita Accounts Production Advanced 6.30.9574.0 true false true true 04622076 2022-04-01 2023-03-31 04622076 2023-03-31 04622076 core:CapitalRedemptionReserve 2023-03-31 04622076 core:RetainedEarningsAccumulatedLosses 2023-03-31 04622076 core:ShareCapital 2023-03-31 04622076 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04622076 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04622076 core:FurnitureFittingsToolsEquipment 2023-03-31 04622076 core:LandBuildings 2023-03-31 04622076 core:MotorVehicles 2023-03-31 04622076 core:OtherPropertyPlantEquipment 2023-03-31 04622076 bus:SmallEntities 2022-04-01 2023-03-31 04622076 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04622076 bus:FullAccounts 2022-04-01 2023-03-31 04622076 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04622076 bus:RegisteredOffice 2022-04-01 2023-03-31 04622076 bus:Director3 2022-04-01 2023-03-31 04622076 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04622076 core:FurnitureFittings 2022-04-01 2023-03-31 04622076 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04622076 core:LandBuildings 2022-04-01 2023-03-31 04622076 core:LeaseholdImprovements 2022-04-01 2023-03-31 04622076 core:MotorVehicles 2022-04-01 2023-03-31 04622076 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04622076 core:Subsidiary1 2022-04-01 2023-03-31 04622076 core:Subsidiary2 2022-04-01 2023-03-31 04622076 countries:England 2022-04-01 2023-03-31 04622076 2022-03-31 04622076 core:FurnitureFittingsToolsEquipment 2022-03-31 04622076 core:LandBuildings 2022-03-31 04622076 core:MotorVehicles 2022-03-31 04622076 core:OtherPropertyPlantEquipment 2022-03-31 04622076 2021-04-01 2022-03-31 04622076 2022-03-31 04622076 core:CapitalRedemptionReserve 2022-03-31 04622076 core:RetainedEarningsAccumulatedLosses 2022-03-31 04622076 core:ShareCapital 2022-03-31 04622076 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04622076 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04622076 core:FurnitureFittingsToolsEquipment 2022-03-31 04622076 core:LandBuildings 2022-03-31 04622076 core:MotorVehicles 2022-03-31 04622076 core:OtherPropertyPlantEquipment 2022-03-31 04622076 core:Subsidiary1 2021-04-01 2022-03-31 04622076 core:Subsidiary2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04622076

Chiltern Building Products Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Chiltern Building Products Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Chiltern Building Products Ltd

Balance Sheet

as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,733,475

1,414,213

Investments

5

1,100

1,100

 

1,734,575

1,415,313

Current assets

 

Stocks

212,436

136,523

Debtors

6

1,293,330

1,118,048

Cash at bank and in hand

 

733,560

1,148,478

 

2,239,326

2,403,049

Creditors: Amounts falling due within one year

7

(1,463,874)

(1,348,215)

Net current assets

 

775,452

1,054,834

Total assets less current liabilities

 

2,510,027

2,470,147

Creditors: Amounts falling due after more than one year

7

-

(134,493)

Provisions for liabilities

(67,964)

(89,640)

Net assets

 

2,442,063

2,246,014

Capital and reserves

 

Allotted, called up and fully paid share capital

677

677

Capital redemption reserve

323

323

Profit and loss account

2,441,063

2,245,014

Shareholders' funds

 

2,442,063

2,246,014


 

Registration number: 04622076

 

Chiltern Building Products Ltd

Balance Sheet

as at 31 March 2023 (continued)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 November 2023 and signed on its behalf by:
 

.........................................
Mr E B McMullan
Director

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 04622076.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

The principal place of business is:
Barker Lane
Chesterfield
Derbyshire
S40 1EQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

- 2% per annum on a straight line basis

Leasehold property improvements

- Straight line over the life of the lease

Plant and machinery

- 25% per annum on a straight line basis

Fixtures, fittings and equipment

- 25% per annum on a straight line basis

Motor vehicles

- 25% per annum on a straight line basis

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if their fair value can be measured reliably.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 34 (2022 - 29).

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost

At 1 April 2022

1,219,203

52,382

39,479

486,821

1,797,885

Additions

411,345

-

24,575

14,725

450,645

At 31 March 2023

1,630,548

52,382

64,054

501,546

2,248,530

Depreciation

At 1 April 2022

79,503

46,781

37,504

219,884

383,672

Charge for the year

30,026

5,601

4,023

91,733

131,383

At 31 March 2023

109,529

52,382

41,527

311,617

515,055

Net book value

At 31 March 2023

1,521,019

-

22,527

189,929

1,733,475

At 31 March 2022

1,139,700

5,601

1,975

266,937

1,414,213

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023 (continued)

5

Investments

2023
£

2022
£

Shares in group undertakings and participating interests

1,100

1,100

Details of undertakings

Undertaking

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Chiltern Glass Fibre (Scotland) Limited

Ordinary shares

100%

100%

         

Chiltern PTP Limited

Ordinary shares

100%

100%

         

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

800,556

703,649

Amounts owed by related parties

466,092

390,514

Prepayments

 

26,682

23,080

Other debtors

 

-

805

   

1,293,330

1,118,048

 

Chiltern Building Products Ltd

Notes to the Unaudited Financial Statements

for the Year Ended 31 March 2023 (continued)

7

Creditors

2023
£

2022
£

Due within one year

Bank borrowings

14,246

122,229

Trade creditors

366,130

343,837

Directors' loan accounts

63,557

69,392

Taxation and social security

134,502

115,637

Other creditors

144,407

11,317

Accruals and deferred income

697,321

639,220

Corporation tax

43,711

46,583

1,463,874

1,348,215

Due after one year

Bank borrowings

-

134,493

8

Loans and borrowings

Included within creditors are bank loans totalling £256,722 (2021: £376,171). The loans are secured on the property owned by the company as well as guarantees provided by related companies.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,345 (2022 - £10,753). These financial commitments relate to non-cancellable operating leases and are payable over the remaining life of those leases.