| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| FOR |
| A.CHANDLER (BEDFORD) LIMITED |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 206 Endeavour House |
| Wrest Park |
| Silsoe |
| Bedfordshire |
| MK45 4HS |
| BANKERS: |
| 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. |
| 206 Endeavour House |
| Wrest Park |
| Silsoe |
| Bedfordshire |
| MK45 4HS |
| A.CHANDLER (BEDFORD) LIMITED (REGISTERED NUMBER: 02040024) |
| BALANCE SHEET |
| 31 October 2024 |
| 2023 | 2024 |
| £ | £ | Notes | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| ( |
) | NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| Leasehold property | - |
| Plant, machinery & vehicles | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant, |
| machinery |
| & vehicles |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 6. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stock - Farm |
| - Shop |
| 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 |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security & other taxes |
| Other creditors |
| Directors' current accounts | 192,598 | 208,164 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans (see note 10) |
| Hire purchase contracts |
| 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 |
| Bank loan | 23,027 | 29,129 |
| 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 |
| Bank loans |
| Hire purchase contracts | 51,223 | 37,015 |
| 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. |