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CHAMBERLAIN BROS. CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAMBERLAIN BROS. CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M J Chamberlain
D T Chamberlain





SECRETARY: Mrs J M Chamberlain





REGISTERED OFFICE: Budstone House
Stone
Berkeley
Gloucestershire
GL13 9JY





REGISTERED NUMBER: 03828492 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 72,639 79,449

CURRENT ASSETS
Stocks 5 5,100 5,000
Debtors 6 58,402 91,943
Prepayments and accrued income 6,983 1,497
Cash at bank 323,388 251,792
393,873 350,232
CREDITORS
Amounts falling due within one year 7 221,130 229,748
NET CURRENT ASSETS 172,743 120,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,382

199,933

CREDITORS
Amounts falling due after more than one
year

8

(70,960

)

(121,974

)

PROVISIONS FOR LIABILITIES 10 (18,160 ) (19,862 )

ACCRUALS AND DEFERRED INCOME (2,276 ) (2,045 )
NET ASSETS 153,986 56,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 153,886 55,952
SHAREHOLDERS' FUNDS 153,986 56,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





M J Chamberlain - Director


CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Chamberlain Bros. Construction Ltd 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.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 5,710 115,168 5,595 126,473
Additions 102 17,250 - 17,352
Disposals - (16,395 ) (2,100 ) (18,495 )
At 31 December 2024 5,812 116,023 3,495 125,330
DEPRECIATION
At 1 January 2024 1,776 42,134 3,114 47,024
Charge for year 592 19,792 621 21,005
Eliminated on disposal - (14,235 ) (1,103 ) (15,338 )
At 31 December 2024 2,368 47,691 2,632 52,691
NET BOOK VALUE
At 31 December 2024 3,444 68,332 863 72,639
At 31 December 2023 3,934 73,034 2,481 79,449

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 86,424
Additions 10,000
At 31 December 2024 96,424
DEPRECIATION
At 1 January 2024 19,040
Charge for year 17,888
At 31 December 2024 36,928
NET BOOK VALUE
At 31 December 2024 59,496
At 31 December 2023 67,384

5. STOCKS
2024 2023
£    £   
Stocks 5,100 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,272 91,943
Other debtors 130 -
58,402 91,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,000 45,000
Other loans 147 733
Hire purchase contracts 15,434 12,168
Trade creditors 32,100 29,317
Tax 48,686 34,490
Social security and other taxes 4,199 8,990
VAT 24,862 19,373
Other creditors 5,049 8,237
Credit card 2,638 -
Directors' current accounts 43,015 71,440
221,130 229,748

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 41,250 45,000
Bank loans - 2-5 years - 41,250
Hire purchase contracts 29,710 35,724
70,960 121,974

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 86,250 131,250

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,160 19,862

Deferred
tax
£   
Balance at 1 January 2024 19,862
Credit to Statement of Income and Retained Earnings during year (1,702 )
Accelerated capital allowances
Balance at 31 December 2024 18,160