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CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2024






CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 10

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: P L J Todd



SECRETARY: S G Todd



REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Eastate
Kempston
Bedfordshire
MK42 7PN



REGISTERED NUMBER: 04545564 (England and Wales)



ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN



BANKERS: National Westminster Bank Plc
231 Bedford Road
Kempston
Bedford
Bedfordshire
MK42 8DB

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,519 40,148
Investments 6 100 100
Investment property 7 1,200,000 1,250,000
1,233,619 1,290,248

CURRENT ASSETS
Stocks 3,500 4,000
Debtors 8 129,875 101,558
Cash at bank and in hand 81,371 132,230
214,746 237,788
CREDITORS
Amounts falling due within one year 9 295,479 277,347
NET CURRENT LIABILITIES (80,733 ) (39,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,152,886

1,250,689

CREDITORS
Amounts falling due after more than one
year

10

(408,951

)

(444,212

)

PROVISIONS FOR LIABILITIES (29,091 ) (42,977 )
NET ASSETS 714,844 763,500

CAPITAL AND RESERVES
Called up share capital 200 200
Non distributable reserves 135,835 173,585
Retained earnings 578,809 589,715
SHAREHOLDERS' FUNDS 714,844 763,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

BALANCE SHEET - continued
31ST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2025 and were signed by:





P L J Todd - Director


CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Chiltern Industrial Machining Services 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 as modified by the revaluation of certain assets.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Chiltern Industrial Machining Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Goodwill
Goodwill, being the amount paid in connection with the transfer of the the partnership Chiltern Industrial Machining Services on 1st November 2002, is being written off evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

Stocks
Stock is valued at the lower of cost and net realisable value. Work in progress is valued at direct costs plus an appropriate proportion of fixed and variable overheads.

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 65,000
AMORTISATION
At 1st November 2023
and 31st October 2024 65,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st November 2023 799 90,353 1,009
Additions - 1,800 -
At 31st October 2024 799 92,153 1,009
DEPRECIATION
At 1st November 2023 - 72,997 962
Charge for year - 3,560 7
At 31st October 2024 - 76,557 969
NET BOOK VALUE
At 31st October 2024 799 15,596 40
At 31st October 2023 799 17,356 47

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2023 74,659 5,130 171,950
Additions - 749 2,549
At 31st October 2024 74,659 5,879 174,499
DEPRECIATION
At 1st November 2023 52,713 5,130 131,802
Charge for year 5,487 124 9,178
At 31st October 2024 58,200 5,254 140,980
NET BOOK VALUE
At 31st October 2024 16,459 625 33,519
At 31st October 2023 21,946 - 40,148

The net book value of tangible fixed assets includes £ 11,390 (2023 - £ 15,187 ) in respect of assets held under hire purchase contracts.

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

6. FIXED ASSET INVESTMENTS
Interest
in
subsidiary
£   
COST
At 1st November 2023
and 31st October 2024 100
NET BOOK VALUE
At 31st October 2024 100
At 31st October 2023 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 1,250,000
Revaluations (50,000 )
At 31st October 2024 1,200,000
NET BOOK VALUE
At 31st October 2024 1,200,000
At 31st October 2023 1,250,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2017 84,259
Valuation in 2020 65,000
Valuation in 2022 57,586
Valuation in 2024 (50,000 )
Cost 1,043,155
1,200,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,043,155 1,043,155

Investment properties were valued on a fair value basis on 31st October 2024 by Mr P L J Todd, a director .

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,731 103,104
Doubtful debt provision (12,159 ) (10,492 )
Prepayments 8,303 8,946
129,875 101,558

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,157 29,542
Hire purchase contracts (see note 11) 6,490 6,093
Trade creditors 85,750 66,260
Corporation tax 76,198 123,773
Social security and other taxes 23,521 16,200
VAT 7,724 7,959
Other creditors - 483
Company credit card 7,756 96
Directors' current accounts 49,158 17,629
Accrued expenses 9,725 9,312
295,479 277,347

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 408,392 437,163
Hire purchase contracts (see note 11) 559 7,049
408,951 444,212

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,490 6,093
Between one and five years 559 7,049
7,049 13,142

CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED (REGISTERED NUMBER: 04545564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

11. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 41,000 20,500
Between one and five years 61,500 -
102,500 20,500

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 437,549 466,705

The bank loans are secured by a legal mortgages over the company's investment properties.

13. RELATED PARTY DISCLOSURES

During the year the company generated rental income on its investment property from family members of the director.

The rent receivable amounted to £25,200 (2023: £25,200).

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHILTERN INDUSTRIAL MACHINING
SERVICES LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Chiltern Industrial Machining Services Limited for the year ended 31st October 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chiltern Industrial Machining Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chiltern Industrial Machining Services Limited and state those matters that we have agreed to state to the director of Chiltern Industrial Machining Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chiltern Industrial Machining Services Limited and its director for our work or for this report.

It is your duty to ensure that Chiltern Industrial Machining Services 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 loss of Chiltern Industrial Machining Services Limited. You consider that Chiltern Industrial Machining Services 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 Chiltern Industrial Machining Services 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


29th July 2025