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REGISTERED NUMBER: 03671427 (England and Wales)

























Financial Statements

for the Year Ended 31 December 2023

for

Chadwick Materials Handling Limited

Chadwick Materials Handling Limited (Registered number: 03671427)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chadwick Materials Handling Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T J Chadwick
Mrs J P Chadwick
Mrs C Chadwick
M Ludwig
E Parker





REGISTERED OFFICE: 18 Edinburgh Way
Leafield Industrial Estate
Corsham
Wiltshire
SN13 9XZ





REGISTERED NUMBER: 03671427 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Chadwick Materials Handling Limited (Registered number: 03671427)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 272,271 269,618
272,271 269,618

CURRENT ASSETS
Stocks 243,257 301,052
Debtors 6 112,428 140,992
Cash at bank and in hand 659,381 455,223
1,015,066 897,267
CREDITORS
Amounts falling due within one year 7 139,070 98,126
NET CURRENT ASSETS 875,996 799,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,267

1,068,759

PROVISIONS FOR LIABILITIES 16,881 11,231
NET ASSETS 1,131,386 1,057,528

CAPITAL AND RESERVES
Called up share capital 1,034,958 1,034,958
Retained earnings 96,428 22,570
SHAREHOLDERS' FUNDS 1,131,386 1,057,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Chadwick Materials Handling Limited (Registered number: 03671427)

Balance Sheet - continued
31 December 2023


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 12 February 2024 and were signed on its behalf by:




T J Chadwick - Director



M Ludwig - Director


Chadwick Materials Handling Limited (Registered number: 03671427)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chadwick Materials Handling 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost on buildings only
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.'

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 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.

Chadwick Materials Handling Limited (Registered number: 03671427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 363,285
AMORTISATION
At 1 January 2023
and 31 December 2023 363,285
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 338,198 227,408 565,606
Additions - 42,300 42,300
Disposals - (35,092 ) (35,092 )
At 31 December 2023 338,198 234,616 572,814
DEPRECIATION
At 1 January 2023 127,689 168,299 295,988
Charge for year 5,760 25,061 30,821
Eliminated on disposal - (26,266 ) (26,266 )
At 31 December 2023 133,449 167,094 300,543
NET BOOK VALUE
At 31 December 2023 204,749 67,522 272,271
At 31 December 2022 210,509 59,109 269,618

Chadwick Materials Handling Limited (Registered number: 03671427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 107,404 95,566
Amounts owed by associates 1,940 42,682
Other debtors 3,084 2,744
112,428 140,992

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 2,864 2,729
Trade creditors 28,251 7,653
Taxation and social security 102,174 79,427
Other creditors 5,781 8,317
139,070 98,126

8. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with associated companies:
31.12.23 31.12.22
£ £
Sales 716,689 554,753
Purchases 7,721 8,603

The aggregate amount due from associated companies at the year end was £1,940 (2022: £42,682)
These transactions are undertaken on an arms length basis.