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REGISTERED NUMBER: 13743363 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

CHADDESLEY GARAGE LIMITED

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


CHADDESLEY GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mrs A M Callow
Mrs H L Needham
J Callow





REGISTERED OFFICE: Severn House
Sandy Lane Industrial Estate
Stourport-On-Severn
Worcestershire
DY13 9QB





REGISTERED NUMBER: 13743363 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHADDESLEY GARAGE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chaddesley Garage Limited for the year ended 30th September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Chaddesley Garage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chaddesley Garage Limited and state those matters that we have agreed to state to the Board of Directors of Chaddesley Garage Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chaddesley Garage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chaddesley Garage Limited. You consider that Chaddesley Garage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chaddesley Garage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


20th May 2025

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 318,395 261,419
318,395 261,419

CURRENT ASSETS
Stocks 116,230 122,276
Debtors 6 107,111 101,148
Cash at bank and in hand 915,320 338,648
1,138,661 562,072
CREDITORS
Amounts falling due within one year 7 (707,928 ) (319,922 )
NET CURRENT ASSETS 430,733 242,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,128

503,569

PROVISIONS FOR LIABILITIES (24,273 ) (9,092 )
NET ASSETS 724,855 494,477

CAPITAL AND RESERVES
Called up share capital 383,714 383,714
Retained earnings 341,141 110,763
724,855 494,477

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

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

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

STATEMENT OF FINANCIAL POSITION - continued
30TH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2025 and were signed on its behalf by:





J Callow - Director


CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

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

1. STATUTORY INFORMATION

Chaddesley Garage 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.

The comparison figures cover the period 1st December 2022 to 30th September 2023. The company changed its accounting period date to fall in line with the year end of other related companies.

Significant judgements and estimates
In applying the company's accounting policies, the directors are required to make judgements in determining the carrying amounts of assets and liabilities. The directors' judgements are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, the actual results and outcomes may differ.

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

Revenue from the sale of goods is recognised when the company has transferred the risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed payment. Revenue is shown net of discounts rebates, value added tax and other sales taxes.

Revenue is recognised when goods are delivered or collected by the customer.

Goodwill
Positive goodwill is amortised evenly over its estimated useful life of ten years.

Negative goodwill, being the excess of net assets acquired in 2023 over the value of shares issued in consideration of the acquisition of the company's trade, has been written off in full to profit and loss in the period that it arises.

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.
Plant and machinery - 10% on cost

No depreciation has been charged on freehold property as the estimated remaining useful economic life of the property exceeds 50 years and a continuous policy of renewal and maintenance is undertaken. A full review of the impairment of freehold property has been completed at the end of the accounting period with no adjustments being considered necessary to the value at which the property is shown in the financial statements. Freehold land is not depreciated.

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

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

2. ACCOUNTING POLICIES - continued

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 based on the cost of purchase on a first in, first out basis

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 sell. The impairment loss is recognised immediately in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 (9,155 )
AMORTISATION
At 1st October 2023
and 30th September 2024 (9,155 )
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 204,245 60,182 264,427
Additions - 66,837 66,837
Disposals - (1,266 ) (1,266 )
At 30th September 2024 204,245 125,753 329,998
DEPRECIATION
At 1st October 2023 - 3,008 3,008
Charge for year - 8,658 8,658
Eliminated on disposal - (63 ) (63 )
At 30th September 2024 - 11,603 11,603
NET BOOK VALUE
At 30th September 2024 204,245 114,150 318,395
At 30th September 2023 204,245 57,174 261,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,848 53,506
Other debtors 41,263 47,642
107,111 101,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 136,291 93,581
Taxation and social security 95,056 63,381
Other creditors 476,581 162,960
707,928 319,922

8. ULTIMATE CONTROLLING PARTY

The controlling party is Chaddesley Garage Holdings Limited.

The ultimate controlling party is Mrs A M Callow.

The registered address of Chaddesley Garage Holdings Limited is Severn House, Sandy Lane Industrial Estate, Stourport-On-Severn DY13 9QB.

Copies of the individual financial statements in respect of Chaddesley Garage Holdings Limited can be obtained from the Registrar of Companies (England and Wales), Companies House, Crown Way, Cardiff CF14 3UZ.

CHADDESLEY GARAGE LIMITED (REGISTERED NUMBER: 13743363)

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

9. GROUP RESTRUCTURE

The company commenced trading on 1st April 2023 after its then holding company, Hingley & Callow Oils Limited, hived down its Chaddesley Garage trading division in exchange for the company allotting 383,713 £1 ordinary shares as consideration.

On 19th July 2023, Hingley & Callow Oils Limited declared a dividend in specie which was satisfied by the transfer Chaddesley Garage Limited and two other fellow subsidiary companies, to Hingley and Callow Oils Limited's holding company, Hingley & Callow Oils Holdings Limited. Chaddesley Garage Limited was then a 100% subsidiary of Hingley & Callow Oils Holdings Limited.

On 24 July 2023, as part of a tri-partite agreement, the investment in Chaddesley Garage Limited was transferred to Chaddesley Garage Holdings Limited in exchange for Chaddesley Garage Holdings Limited allotting 1,018,993 £1 ordinary shares as consideration, and Hingley & Callow Oils Holdings Limited cancelling 1,018,993 £1 ordinary C shares. Chaddesley Garage Limited is now a 100% subsidiary of Chaddesley Garage Holdings Limited.

On 30th September 2024 £454,376 (2023 £141,633) was due to Hingley & Callow Oils Limited.