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REGISTERED NUMBER: 09445646 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IAN CHATFIELD LIMITED

IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,207 60,498
Investments 5 133,193 173,721
179,400 234,219

CURRENT ASSETS
Stocks 10,525 13,250
Debtors 6 22,049 26,117
Cash at bank and in hand 34,086 42,957
66,660 82,324
CREDITORS
Amounts falling due within one year 7 28,572 43,746
NET CURRENT ASSETS 38,088 38,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,488

272,797

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 217,458 272,767
217,488 272,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

BALANCE SHEET - continued
31 MARCH 2025


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 10 July 2025 and were signed on its behalf by:





I Chatfield - Director


IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Ian Chatfield Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09445646

Registered office: Unit K, The Brewery
Bells Yew Green
Tunbridge Wells
Kent
TN3 9BD

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 as modified by the revaluation of certain assets.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on reducing balance and 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.

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.

IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 10,959 188,599 199,558
Additions - 1,649 1,649
At 31 March 2025 10,959 190,248 201,207
DEPRECIATION
At 1 April 2024 10,959 128,101 139,060
Charge for year - 15,940 15,940
At 31 March 2025 10,959 144,041 155,000
NET BOOK VALUE
At 31 March 2025 - 46,207 46,207
At 31 March 2024 - 60,498 60,498

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2024 173,721
Additions 66,266
Disposals (92,847 )
Revaluations (13,947 )
At 31 March 2025 133,193
NET BOOK VALUE
At 31 March 2025 133,193
At 31 March 2024 173,721

IAN CHATFIELD LIMITED (REGISTERED NUMBER: 09445646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2025 is represented by:

Other
investments
£   
Valuation in 2025 133,193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 4,366 3,033
Other debtors 17,683 23,084
22,049 26,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade creditors 11,551 15,196
Taxation and social security 7,580 17,535
Other creditors 9,441 11,015
28,572 43,746

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/25 31/3/24
£    £   
Within one year 25,000 25,000
Between one and five years 43,743 74,988
68,743 99,988