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REGISTERED NUMBER: 01162203 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHALFORD BUILDING SUPPLIES LTD

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

CHALFORD BUILDING SUPPLIES LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | M R Creed

| Mrs J S Creed

| SECRETARY: | A J Brooks

| REGISTERED OFFICE: | Chalford Industrial Estate

| Stroud

| Gloucestershire

| GL6 8NT

| REGISTERED NUMBER: | 01162203 (England and Wales)

| ACCOUNTANTS: | Randall & Payne LLP

| Chartered Accountants

| Chargrove House

| Shurdington Road

| Cheltenham

| Gloucestershire

| GL51 4GA

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 4,114,107 |  | 3,109,858 |  |

Investments | 5 | 151,100 |  | 151,100 |  |

4,265,207 |  | 3,260,958 |  |

CURRENT ASSETS

Inventories | 640,089 |  | 620,274 |  |

Debtors | 6 | 379,735 |  | 443,325 |  |

Cash at bank and in hand | 568,636 |  | 1,000,446 |  |

1,588,460 |  | 2,064,045 |  |

CREDITORS

Amounts falling due within one year | 7 | 694,281 |  | 870,785 |  |

NET CURRENT ASSETS | 894,179 |  | 1,193,260 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,159,386 |  | 4,454,218 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (213,181 | ) | (191,445 | ) |

PROVISIONS FOR LIABILITIES | (128,527 | ) | (113,948 | ) |

NET ASSETS | 4,817,678 |  | 4,148,825 |  |

CAPITAL AND RESERVES

Called up share capital | 134,500 |  | 134,500 |  |

Revaluation reserve | 1,674,944 |  | 921,013 |  |

Retained earnings | 3,008,234 |  | 3,093,312 |  |

SHAREHOLDERS' FUNDS | 4,817,678 |  | 4,148,825 |  |

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

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

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

BALANCE SHEET - continued

31 DECEMBER 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 2 September 2025 and were signed on its behalf by:

M R Creed - Director

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Chalford Building Supplies Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Accounting convention

| 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

| Revenue is the value of goods (net of VAT) provided to customers during the year.

| Where payments are received from customers in advance of goods supplied, the amounts are recorded as payments in advance as part of creditors due within one year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Plant and machinery | - | 20% on reducing balance and 15% on cost

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Showroom fixtures and fittings are transferred to stock at the lower of net book value and net realisable value when they are to be sold as ex display items.

| Financial instruments

| Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

| 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.

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

| Provisions

| Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

| Revaluation policy

| The directors have adopted the policy to revalue the property every five years providing there have been no significant changes in market conditions that they consider may materially affect the property value.

| Going concern

| The directors have considered the risks and issues concerning the company and there are no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 31 (2023 - 33 ) .

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | PROPERTY, PLANT AND EQUIPMENT

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2024 | 2,654,699 |  | 1,164,233 |  | 3,818,932 |  |

| Additions | 191,370 |  | 179,679 |  | 371,049 |  |

| Disposals | - |  | (90,717 | ) | (90,717 | ) |

| Revaluations | 753,931 |  | - |  | 753,931 |  |

| At 31 December 2024 | 3,600,000 |  | 1,253,195 |  | 4,853,195 |  |

| DEPRECIATION

| At 1 January 2024 | - |  | 709,074 |  | 709,074 |  |

| Charge for year | - |  | 106,342 |  | 106,342 |  |

| Eliminated on disposal | - |  | (76,328 | ) | (76,328 | ) |

| At 31 December 2024 | - |  | 739,088 |  | 739,088 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,600,000 |  | 514,107 |  | 4,114,107 |  |

| At 31 December 2023 | 2,654,699 |  | 455,159 |  | 3,109,858 |  |

| Cost or valuation at 31 December 2024 is represented by:

| Freehold |  | Plant and |

| property |  | machinery |  | Totals

£ | £ | £ |

| Valuation in 1990 | 288,145 |  | - |  | 288,145 |  |

| Valuation in 1993 | (190,000 | ) | - |  | (190,000 | ) |

| Valuation in 2005 | 45,670 |  | - |  | 45,670 |  |

| Valuation in 2008 | 680,000 |  | - |  | 680,000 |  |

| Valuation in 2011 | (115,000 | ) | - |  | (115,000 | ) |

| Valuation in 2015 | 250,462 |  | - |  | 250,462 |  |

| Valuation in 2017 | 16,458 |  | - |  | 16,458 |  |

| Valuation in 2024 | 753,931 |  | - |  | 753,931 |  |

| Cost | 1,870,334 |  | 1,253,195 |  | 3,123,529 |  |

3,600,000 |  | 1,253,195 |  | 4,853,195 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

2024 | 2023 |

£ | £ |

| Cost | 1,870,334 |  | 1,678,964 |  |

| Freehold property was valued on an existing use basis on 31 December 2024 by David James & Partners .

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 151,100 |  |

| NET BOOK VALUE

| At 31 December 2024 | 151,100 |  |

| At 31 December 2023 | 151,100 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 304,320 |  | 360,283 |  |

| Other debtors | 5,577 |  | 29,171 |  |

| Prepayments | 69,838 |  | 53,871 |  |

379,735 |  | 443,325 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 132,651 |  | 81,206 |  |

| Trade creditors | 365,747 |  | 485,735 |  |

| Social security and other taxes | 21,933 |  | 23,161 |  |

| Wages control | 1,997 |  | 4,267 |  |

| VAT | 26,926 |  | 26,735 |  |

| Other creditors | 58,149 |  | 58,991 |  |

| Payments in advance | 30,536 |  | 20,145 |  |

| Directors' current accounts | - |  | 96,525 |  |

| Accrued expenses | 56,342 |  | 74,020 |  |

694,281 |  | 870,785 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 213,181 |  | 191,445 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 345,832 |  | 272,651 |  |

CHALFORD BUILDING SUPPLIES LTD (REGISTERED NUMBER: 01162203)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| M R Creed

| Balance outstanding at start of year | (48,100 | ) | - |  |

| Amounts advanced | 48,100 |  | - |  |

| Amounts repaid | - |  | (48,100 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (48,100 | ) |

| Mrs J S Creed

| Balance outstanding at start of year | (48,425 | ) | - |  |

| Amounts advanced | 48,425 |  | - |  |

| Amounts repaid | - |  | (48,425 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (48,425 | ) |

| No interest is being charged on the loan and there are no set repayment terms.

11. | LEASING AGREEMENTS

| The company had total guarantees and commitments at the balance sheet date of £5,308 (2023: 14,408)