Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-272024-02-01falseprovision of plumbing and heating and related services3837truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09952316 2024-02-01 2025-01-31 09952316 2023-02-01 2024-01-31 09952316 2025-01-31 09952316 2024-01-31 09952316 2023-02-01 09952316 c:Director1 2024-02-01 2025-01-31 09952316 d:PlantMachinery 2024-02-01 2025-01-31 09952316 d:PlantMachinery 2025-01-31 09952316 d:PlantMachinery 2024-01-31 09952316 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09952316 d:MotorVehicles 2024-02-01 2025-01-31 09952316 d:MotorVehicles 2025-01-31 09952316 d:MotorVehicles 2024-01-31 09952316 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09952316 d:OfficeEquipment 2024-02-01 2025-01-31 09952316 d:OfficeEquipment 2025-01-31 09952316 d:OfficeEquipment 2024-01-31 09952316 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09952316 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09952316 d:Goodwill 2025-01-31 09952316 d:Goodwill 2024-01-31 09952316 d:CurrentFinancialInstruments 2025-01-31 09952316 d:CurrentFinancialInstruments 2024-01-31 09952316 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 09952316 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09952316 d:ShareCapital 2025-01-31 09952316 d:ShareCapital 2024-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2025-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2024-01-31 09952316 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 09952316 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09952316 c:OrdinaryShareClass1 2024-02-01 2025-01-31 09952316 c:OrdinaryShareClass1 2025-01-31 09952316 c:OrdinaryShareClass1 2024-01-31 09952316 c:OrdinaryShareClass2 2024-02-01 2025-01-31 09952316 c:OrdinaryShareClass2 2025-01-31 09952316 c:OrdinaryShareClass2 2024-01-31 09952316 c:OrdinaryShareClass3 2024-02-01 2025-01-31 09952316 c:OrdinaryShareClass3 2025-01-31 09952316 c:OrdinaryShareClass3 2024-01-31 09952316 c:OrdinaryShareClass4 2024-02-01 2025-01-31 09952316 c:OrdinaryShareClass4 2025-01-31 09952316 c:OrdinaryShareClass4 2024-01-31 09952316 c:OrdinaryShareClass5 2024-02-01 2025-01-31 09952316 c:OrdinaryShareClass5 2025-01-31 09952316 c:OrdinaryShareClass5 2024-01-31 09952316 c:FRS102 2024-02-01 2025-01-31 09952316 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09952316 c:FullAccounts 2024-02-01 2025-01-31 09952316 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09952316 2 2024-02-01 2025-01-31 09952316 d:Goodwill d:OwnedIntangibleAssets 2024-02-01 2025-01-31 09952316 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09952316









C H G SOUTH WEST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
C H G SOUTH WEST LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025

2025
2024
£
£

  

Turnover
  
4,639,594
4,056,633

Cost of sales
  
(3,563,066)
(2,806,616)

Gross profit
  
1,076,528
1,250,017

Administrative expenses
  
(1,029,090)
(906,016)

Other operating income
  
225,000
77,500

Operating profit
  
272,438
421,501

Interest receivable and similar income
  
-
10,707

Profit before tax
  
272,438
432,208

Tax on profit
  
(71,715)
(20,135)

Profit for the financial year
  
200,723
412,073

Other comprehensive income for the year
  

Total comprehensive income for the year
  
200,723
412,073

The notes on pages 4 to 10 form part of these financial statements.

Page 1

 
C H G SOUTH WEST LIMITED
REGISTERED NUMBER: 09952316

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,652
25,304

Tangible assets
 5 
12,747
8,945

  
25,399
34,249

Current assets
  

Stocks
  
69,932
75,869

Debtors: amounts falling due within one year
 6 
730,661
1,312,700

Cash at bank and in hand
 7 
324,434
218,061

  
1,125,027
1,606,630

Creditors: amounts falling due within one year
 8 
(717,607)
(499,567)

Net current assets
  
 
 
407,420
 
 
1,107,063

Total assets less current liabilities
  
432,819
1,141,312

Provisions for liabilities
  

Deferred tax
 9 
(1,971)
(534)

Net assets
  
430,848
1,140,778


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
430,748
1,140,678

  
430,848
1,140,778


Page 2

 
C H G SOUTH WEST LIMITED
REGISTERED NUMBER: 09952316
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Chant
Director

Date: 27 May 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

C H G South West Limited ("the Company") provides plumbing and heating and related services. The Company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Ground Floor, Unit 1 Homewood Way, Gore Cross Business Park, Bridport, Dorset, England, DT6 3FH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

Page 4

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of income and retained earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

  
2.9

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 6

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2024 - 37).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2024
100,710



At 31 January 2025

100,710



Amortisation


At 1 February 2024
75,406


Charge for the year on owned assets
12,652



At 31 January 2025

88,058



Net book value



At 31 January 2025
12,652



At 31 January 2024
25,304



Page 7

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2024
53,673
8,000
27,128
88,801


Additions
5,093
5,650
1,940
12,683



At 31 January 2025

58,766
13,650
29,068
101,484



Depreciation


At 1 February 2024
47,313
8,000
24,543
79,856


Charge for the year on owned assets
5,515
1,413
1,953
8,881



At 31 January 2025

52,828
9,413
26,496
88,737



Net book value



At 31 January 2025
5,938
4,237
2,572
12,747



At 31 January 2024
6,360
-
2,585
8,945


6.


Debtors

2025
2024
£
£


Trade debtors
683,282
300,453

Amounts owed by group undertakings
-
700,000

Other debtors
1,565
194,605

Prepayments and accrued income
8,344
8,717

Amounts recoverable on long-term contracts
37,470
108,925

730,661
1,312,700


Page 8

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
324,434
218,061



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
477,504
354,036

Amounts owed to group undertakings
90
-

Corporation tax
70,278
21,544

Other taxation and social security
85,572
68,520

Other creditors
12,373
19,467

Accruals and deferred income
71,790
36,000

717,607
499,567



9.


Deferred taxation




2025
2024


£

£



At beginning of year
534
1,943


Charged to profit or loss
1,437
(1,409)



At end of year
1,971
534

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
1,971
534

Page 9

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



460 (2024 - 460) Ordinary A shares of £0.10 each
46.00
46.00
240 (2024 - 240) Ordinary B shares of £0.10 each
24.00
24.00
100 (2024 - 100) Ordinary C shares of £0.10 each
10.00
10.00
100 (2024 - 100) Ordinary D shares of £0.10 each
10.00
10.00
25 (2024 - 25) Ordinary E shares of £0.10 each
2.50
2.50
25 (2024 - 25) Ordinary F shares of £0.10 each
2.50
2.50
25 (2024 - 25) Ordinary G shares of £0.10 each
2.50
2.50
25 (2024 - 25) Ordinary H shares of £0.10 each
2.50
2.50

100.00

100.00

All shares rank pari passu.



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £33,631 (2024 - £27,229). Contributions totalling £8,058 (2024 - £6,757) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

At the year end, the Company was owed £nil by the directors (2024 - £153,255).

 
Page 10