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REGISTERED NUMBER: 02040024 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

A.CHANDLER (BEDFORD) LIMITED

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


A.CHANDLER (BEDFORD) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: Mrs J R Chandler
S A Chandler



SECRETARY: Mrs J R Chandler



REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS



REGISTERED NUMBER: 02040024 (England and Wales)



ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS



BANKERS: Lloyds Bank Plc
60 George Street
Luton
Bedfordshire
LU1 2BB

A.CHANDLER (BEDFORD) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
A.CHANDLER (BEDFORD) 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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages four to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


5 June 2025

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

BALANCE SHEET
31 October 2024

2023 2024
£    £    Notes £   
FIXED ASSETS
519,684 Tangible assets 5 527,588

CURRENT ASSETS
454,650 Stocks 6 298,253
112,645 Debtors 7 57,950
567,295 356,203
CREDITORS
696,854 Amounts falling due within one year 8 628,711
(129,559 ) NET CURRENT LIABILITIES (272,508 )
390,125 TOTAL ASSETS LESS CURRENT
LIABILITIES

255,080

CREDITORS
252,904 Amounts falling due after more than one year 9 232,757
137,221 NET ASSETS 22,323

CAPITAL AND RESERVES
127 Called up share capital 127
24,610 Share premium 24,610
112,484 Retained earnings (2,414 )
137,221 SHAREHOLDERS' FUNDS 22,323

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

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

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

BALANCE SHEET - continued
31 October 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 5 June 2025 and were signed on its behalf by:





Mrs J R Chandler - Director


A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

A.Chandler (Bedford) Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 02040024

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company in the year under review was that of farming and retailing.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Going concern./ basis of preparing the financial statements.
This year the company's total assets less its total liabilities amounted to £113,056 C(022-£29,198).The major part of the working capital requirements in the past have been provided by the company's bankers supported by a charge over the Freehold Land and Premises owned by the director / main shareholder together with loans from the director who has confirmed his intention not to withdraw this in the foreseeable future.

As with most businesses the company continues to be impacted by the Coronavirus (Covid 19).
The company has not been eligible for any of the grants or benefits available from the Government

Consequently the directors, having considered the above and made due enquiry, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future which is twelve months from the date of signing the accounts..

Significant judgements and estimates
No significant judgement or estimates have had to be made by the director in preparing these financial statements.

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

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.
Leasehold property - 2% on cost
Plant, machinery & vehicles - 10% 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.

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Plant,
Leasehold machinery
Totals property & vehicles
£    £    £   
COST
At 1 November 2023 976,914 166,346 810,568
Additions 70,905 13,540 57,365
Disposals (18,000 ) - (18,000 )
At 31 October 2024 1,029,819 179,886 849,933
DEPRECIATION
At 1 November 2023 457,230 114,570 342,660
Charge for year 51,683 3,598 48,085
Eliminated on disposal (6,682 ) - (6,682 )
At 31 October 2024 502,231 118,168 384,063
NET BOOK VALUE
At 31 October 2024 527,588 61,718 465,870
At 31 October 2023 519,684 51,776 467,908

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant,
machinery
& vehicles
£   
COST
At 1 November 2023 184,311
Additions 50,000
At 31 October 2024 234,311
DEPRECIATION
At 1 November 2023 22,611
Charge for year 18,253
At 31 October 2024 40,864
NET BOOK VALUE
At 31 October 2024 193,447
At 31 October 2023 161,700

6. STOCKS
2024 2023
£    £   
Stock - Farm 288,138 437,635
- Shop 10,115 17,015
298,253 454,650

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,447 53,873
Other debtors 35,988 56,311
Prepayments 2,515 2,461
57,950 112,645

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 267,990 250,370
Hire purchase contracts 28,568 16,902
Trade creditors 34,469 93,015
Tax - 3,246
Social security & other taxes 2,347 -
Other creditors 91,667 111,667
Directors' current accounts 192,598 208,164
Accrued expenses 11,072 13,490
628,711 696,854

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 210,102 232,791
Hire purchase contracts 22,655 20,113
232,757 252,904

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 138,223 155,808

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 244,963 221,241
Bank loan 23,027 29,129
267,990 250,370

Amounts falling due between one and two years:
Bank loan 1-2 years 16,129 35,591

A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


10. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loan 2-5 years 55,750 41,392

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 138,223 155,808

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 244,963 221,241
Bank loans 233,129 261,920
Hire purchase contracts 51,223 37,015
529,315 520,176

The bank loans and overdraft are secured by a mortgage dated 23 February 1988 and a mortgage deed dated 20 February 1989 over the leasehold farm properties, by an unlimited guarantee dated 8 December 1987 from the director and by an unlimited debenture dated 27 August 1992 over all the company's present and future assets and freehold property owned by the directors.