REGISTERED NUMBER: 01027463 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

W.J. Chard Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E V Chard

Mr M W Chard

Mrs E Chard

REGISTERED OFFICE:

The Fencing Centre

Leys Lane

Attleborough

Norfolk

NR17 1NF

REGISTERED NUMBER:

01027463 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

BANKERS:

Barclays

5-7 Red Lion Street

Norwich

Norfolk

NR1 3QH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

99,855

77,280

99,855

77,280

CURRENT ASSETS

Debtors

6

-

719

Cash at bank

6,516

17,710

6,516

18,429

CREDITORS

Amounts falling due within one year

7

55,576

45,148

NET CURRENT LIABILITIES

(49,060

)

(26,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,795

50,561

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

739

739

Retained earnings

8

49,056

48,822

SHAREHOLDERS' FUNDS

50,795

50,561

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

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

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 11th September 2025 and were signed on its behalf by:

Mrs E V Chard - Director

1.	STATUTORY INFORMATION

W.J. Chard 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.

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 acquisition of a business in 1995, is being amortised 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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

5,000

AMORTISATION

At 1st January 2024

and 31st December 2024

5,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2024

77,274

509

77,783

Additions

22,576

-

22,576

At 31st December 2024

99,850

509

100,359

DEPRECIATION

At 1st January 2024

-

503

503

Charge for year

-

1

1

At 31st December 2024

-

504

504

NET BOOK VALUE

At 31st December 2024

99,850

5

99,855

At 31st December 2023

77,274

6

77,280

Included in cost of land and buildings is freehold land of £ 6,000 (2023 - £ 6,000 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

198

Prepayments and accrued income

-

521

-

719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

35

125

Directors' current accounts

54,798

44,278

Accrued expenses

743

745

55,576

45,148

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st January 2024

48,822

739

49,561

Profit for the year

234

234

At 31st December 2024

49,056

739

49,795

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M W Chard.