Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr S Bryon Edmond 15/06/2006 24 July 2025 The principal activity of the Company during the financial year was the manufacture of pies and pasties. 05847925 2024-09-30 05847925 bus:Director1 2024-09-30 05847925 2023-09-30 05847925 core:CurrentFinancialInstruments 2024-09-30 05847925 core:CurrentFinancialInstruments 2023-09-30 05847925 core:Non-currentFinancialInstruments 2024-09-30 05847925 core:Non-currentFinancialInstruments 2023-09-30 05847925 core:ShareCapital 2024-09-30 05847925 core:ShareCapital 2023-09-30 05847925 core:RetainedEarningsAccumulatedLosses 2024-09-30 05847925 core:RetainedEarningsAccumulatedLosses 2023-09-30 05847925 core:Goodwill 2023-09-30 05847925 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 05847925 core:Goodwill 2024-09-30 05847925 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 05847925 core:LeaseholdImprovements 2023-09-30 05847925 core:PlantMachinery 2023-09-30 05847925 core:Vehicles 2023-09-30 05847925 core:LeaseholdImprovements 2024-09-30 05847925 core:PlantMachinery 2024-09-30 05847925 core:Vehicles 2024-09-30 05847925 core:CostValuation 2023-09-30 05847925 core:AdditionsToInvestments 2024-09-30 05847925 core:CostValuation 2024-09-30 05847925 core:CurrentFinancialInstruments core:Secured 2024-09-30 05847925 bus:OrdinaryShareClass1 2024-09-30 05847925 core:WithinOneYear 2024-09-30 05847925 core:WithinOneYear 2023-09-30 05847925 core:BetweenOneFiveYears 2024-09-30 05847925 core:BetweenOneFiveYears 2023-09-30 05847925 core:MoreThanFiveYears 2024-09-30 05847925 core:MoreThanFiveYears 2023-09-30 05847925 2023-10-01 2024-09-30 05847925 bus:FilletedAccounts 2023-10-01 2024-09-30 05847925 bus:SmallEntities 2023-10-01 2024-09-30 05847925 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05847925 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05847925 bus:Director1 2023-10-01 2024-09-30 05847925 core:Goodwill core:TopRangeValue 2023-10-01 2024-09-30 05847925 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2023-10-01 2024-09-30 05847925 core:LeaseholdImprovements core:TopRangeValue 2023-10-01 2024-09-30 05847925 core:PlantMachinery core:BottomRangeValue 2023-10-01 2024-09-30 05847925 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 05847925 core:Vehicles 2023-10-01 2024-09-30 05847925 2022-10-01 2023-09-30 05847925 core:Goodwill 2023-10-01 2024-09-30 05847925 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 05847925 core:LeaseholdImprovements 2023-10-01 2024-09-30 05847925 core:PlantMachinery 2023-10-01 2024-09-30 05847925 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 05847925 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05847925 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05847925 (England and Wales)

CHUNK OF DEVON LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

CHUNK OF DEVON LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

CHUNK OF DEVON LIMITED

BALANCE SHEET

As at 30 September 2024
CHUNK OF DEVON LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 22,177 28,891
Tangible assets 4 346,565 392,898
Investments 5 100 85
368,842 421,874
Current assets
Stocks 180,295 132,169
Debtors
- due within one year 6 438,391 405,926
- due after more than one year 6 275,667 196,853
Cash at bank and in hand 254,619 302,618
1,148,972 1,037,566
Creditors: amounts falling due within one year 7 ( 714,889) ( 661,820)
Net current assets 434,083 375,746
Total assets less current liabilities 802,925 797,620
Creditors: amounts falling due after more than one year 8 ( 45,254) ( 95,361)
Provision for liabilities ( 62,000) ( 98,000)
Net assets 695,671 604,259
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account 695,670 604,258
Total shareholders' funds 695,671 604,259

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Chunk of Devon Limited (registered number: 05847925) were approved and authorised for issue by the Director on 24 July 2025. They were signed on its behalf by:

Mr S Bryon Edmond
Director
CHUNK OF DEVON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
CHUNK OF DEVON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chunk of Devon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 4-5 Alansway, Finnimore Ind Est, Ottery St Mary, EX11 1NR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Development costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 5 - 10 years straight line
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 51 49

3. Intangible assets

Goodwill Development costs Total
£ £ £
Cost
At 01 October 2023 39,191 82,982 122,173
Additions 0 2,233 2,233
At 30 September 2024 39,191 85,215 124,406
Accumulated amortisation
At 01 October 2023 39,191 54,091 93,282
Charge for the financial year 0 8,947 8,947
At 30 September 2024 39,191 63,038 102,229
Net book value
At 30 September 2024 0 22,177 22,177
At 30 September 2023 0 28,891 28,891

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 117,450 632,061 135,555 885,066
Additions 7,174 29,569 6,138 42,881
Disposals 0 ( 180) ( 25,259) ( 25,439)
At 30 September 2024 124,624 661,450 116,434 902,508
Accumulated depreciation
At 01 October 2023 101,194 307,897 83,077 492,168
Charge for the financial year 5,004 66,157 13,471 84,632
Disposals 0 0 ( 20,857) ( 20,857)
At 30 September 2024 106,198 374,054 75,691 555,943
Net book value
At 30 September 2024 18,426 287,396 40,743 346,565
At 30 September 2023 16,256 324,164 52,478 392,898

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 85
Additions 15
At 30 September 2024 100
Carrying value at 30 September 2024 100
Carrying value at 30 September 2023 85

6. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 362,294 321,893
Prepayments and accrued income 45,322 53,949
VAT recoverable 13,024 12,708
Other debtors 17,751 17,376
438,391 405,926
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings 275,667 196,853

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 49,714 49,313
Trade creditors 377,874 366,050
Accruals 175,840 155,060
Other taxation and social security 20,042 18,191
Other creditors 91,419 73,206
714,889 661,820

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 45,254 95,361

Included in the total bank borrowings at the year end is £56,674 (2022: £73,606) on which security has been provided by legal charges over a freehold property and a personal guarantee by the director of£170,000 plus interest.

Included in the total bank borrowings at the year end is £88,000 (2022: £120,000} on which security has been provided by the government.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 0.01 each 1 1

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 64,771 22,674
between one and five years 245,346 0
after five years 263,993 0
574,110 22,674

11. Related party transactions

Other related party transactions

2024 2023
£ £
Loan due from subsidiary undertaking 275,667 196,853

No interest has been charged on this balance and there are no fixed dates for repayment.