REGISTERED NUMBER: 01311931 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Chilwell Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Clarke

D A Clarke

D R Fox

Miss L N Clarke

SECRETARY:

Mrs L Clarke

REGISTERED OFFICE:

Telford House

Low's Lane

Stanton by Dale

Derbyshire

DE7 4QU

REGISTERED NUMBER:

01311931 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

BANKERS:

National Westminster Bank plc

PO Box 563

Nottingham

NG1 2JL

FIXED ASSETS

Property, plant and equipment

4

268,229

249,904

CURRENT ASSETS

Inventories

60,768

83,797

Debtors

5

116,764

154,820

Prepayments and accrued income

8,007

20,219

Cash at bank

316,389

413,653

501,928

672,489

CREDITORS

Amounts falling due within one year

6

157,500

211,962

NET CURRENT ASSETS

344,428

460,527

TOTAL ASSETS LESS CURRENT LIABILITIES

612,657

710,431

CREDITORS

Amounts falling due after more than one year

7

(3,504

)

(13,912

)

PROVISIONS FOR LIABILITIES

(29,237

)

(24,656

)

NET ASSETS

579,916

671,863

CAPITAL AND RESERVES

Called up share capital

8

875

875

Capital redemption reserve

125

125

Retained earnings

578,916

670,863

SHAREHOLDERS' FUNDS

579,916

671,863

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.

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 6 August 2025 and were signed on its behalf by:

Miss L N Clarke - Director

1.	STATUTORY INFORMATION

Chilwell Products 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

Revenue 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.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% 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.

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.

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 9 (2024 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

151,281

336,505

31,321

Additions

-

47,129

1,841

At 31 March 2025

151,281

383,634

33,162

DEPRECIATION

At 1 April 2024

-

263,896

23,857

Charge for year

-

26,981

2,210

At 31 March 2025

-

290,877

26,067

NET BOOK VALUE

At 31 March 2025

151,281

92,757

7,095

At 31 March 2024

151,281

72,609

7,464

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

59,893

25,098

604,098

Additions

-

5,094

54,064

At 31 March 2025

59,893

30,192

658,162

DEPRECIATION

At 1 April 2024

47,992

18,449

354,194

Charge for year

2,976

3,572

35,739

At 31 March 2025

50,968

22,021

389,933

NET BOOK VALUE

At 31 March 2025

8,925

8,171

268,229

At 31 March 2024

11,901

6,649

249,904

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

88,768

113,086

Chilwell Toolmakers

20,972

30,063

VAT

7,024

11,671

116,764

154,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,419

10,163

Trade creditors

73,046

180,697

Tax

9,412

10,181

Social security and other taxes

6,903

4,612

Accrued expenses

57,720

6,309

157,500

211,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounce back loans - 1-2 years

3,504

10,419

Bounce Back Loan 2-5 yrs

-

3,493

3,504

13,912

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,050

Ordinary

50p

525

525

700

Ordinary A

50p

350

350

875

875

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D and Mrs L Clarke.