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REGISTERED NUMBER: 00379708 (England and Wales)















CHATTERTON & COOKE, LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


CHATTERTON & COOKE, LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P E D Cooke
A G A Cooke





SECRETARY: P E D Cooke





REGISTERED OFFICE: Larkfleet House
Falcon Way
Bourne
Lincolnshire
PE10 0FF





REGISTERED NUMBER: 00379708 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,446,109 1,336,812
Investments 5 12,581 12,581
1,458,690 1,349,393

CURRENT ASSETS
Inventories 23,707 28,892
Debtors 6 604,132 492,255
Cash at bank 183,073 541,365
810,912 1,062,512
CREDITORS
Amounts falling due within one year 7 295,777 365,601
NET CURRENT ASSETS 515,135 696,911
TOTAL ASSETS LESS CURRENT LIABILITIES 1,973,825 2,046,304

CREDITORS
Amounts falling due after more than one year 8 (109,820 ) (145,458 )

PROVISIONS FOR LIABILITIES (56,350 ) (50,000 )
NET ASSETS 1,807,655 1,850,846

CAPITAL AND RESERVES
Called up share capital 10 14,000 14,000
Capital reserves 169,568 169,568
Retained earnings 1,624,087 1,667,278
SHAREHOLDERS' FUNDS 1,807,655 1,850,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 3 February 2025 and were signed on its behalf by:





A G A Cooke - Director


CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Chatterton & Cooke, 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents net invoiced amounts chargeable to customers for goods and services supplied during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Inventories
Inventories are stated at the lower of cost and fair value less costs to complete and sell.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Fixed asset investments
Other fixed asset investments represent long term investments and are stated at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 118,769 1,652,827 16,731 23,409 1,811,736
Additions - 372,566 - 27,655 400,221
Disposals - (186,100 ) (13,906 ) - (200,006 )
At 30 September 2024 118,769 1,839,293 2,825 51,064 2,011,951
DEPRECIATION
At 1 October 2023 118,769 325,357 15,128 15,670 474,924
Charge for year - 217,343 226 8,849 226,418
Eliminated on disposal - (121,693 ) (13,807 ) - (135,500 )
At 30 September 2024 118,769 421,007 1,547 24,519 565,842
NET BOOK VALUE
At 30 September 2024 - 1,418,286 1,278 26,545 1,446,109
At 30 September 2023 - 1,327,470 1,603 7,739 1,336,812

CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 81 81
Other loans 12,500 12,500
12,581 12,581

Additional information is as follows:
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 81
NET BOOK VALUE
At 30 September 2024 81
At 30 September 2023 81
Other
loans
£   
At 1 October 2023
and 30 September 2024 12,500

Other investments consist of unlisted investments of £81 (2023 - £81).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 183,134 6,104
Other debtors 5,509 23,763
Amounts owed by related party 330,479 330,479
Prepayments and accrued income 85,010 131,909
604,132 492,255

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 199,801 213,716
Trade creditors 41,491 46,418
Other taxes and social security 4,016 3,468
Amount owed to related party 37,359 37,359
Accruals and deferred income 13,110 64,640
295,777 365,601

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 109,820 145,458

CHATTERTON & COOKE, LIMITED (REGISTERED NUMBER: 00379708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 309,621 359,174

Obligations under hire purchase are secured against the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,000 Ordinary £1 14,000 14,000

11. OTHER FINANCIAL COMMITMENTS

The company has the following commitments due as follows:

2024 PE 2023
££
Due in less than one year8,5158,515
Due between one and two years8,5158,515
Due between two and five years25,545 25,545
Due in greater than five years11,35319,868
53,92862,443

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £330,479 (2023: £330,479) by a related company in which a director/participator has a controlling interest. This loan is interest free and repayable on demand. Both companies were previously members of the same group.

At the balance sheet date the company owed £37,359 (2023: £37,359) to a related company in which a director/participator has a controlling interest. This loan is interest free and repayable on demand. Both companies were previously members of the same group.