REGISTERED NUMBER: 03790748 (England and Wales)

Financial Statements

for the Period 1 July 2024 to 31 December 2024

for

Chappell Engineering Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs L M Chappell

J R Chappell

Mrs S Phillips

F Phillips

REGISTERED OFFICE:

Unit 2 Brunel Way

Stonehouse

Gloucestershire

GL10 3SX

REGISTERED NUMBER:

03790748 (England and Wales)

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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 profit. You consider that the Company 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 the Company. 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.

17 September 2025

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

3,280,174

3,348,939

3,280,175

3,348,940

CURRENT ASSETS

Stocks

622,322

370,299

Debtors

6

832,935

1,206,528

Cash at bank and in hand

854,571

768,232

2,309,828

2,345,059

CREDITORS

Amounts falling due within one year

7

681,560

580,423

NET CURRENT ASSETS

1,628,268

1,764,636

TOTAL ASSETS LESS CURRENT LIABILITIES

4,908,443

5,113,576

CREDITORS

Amounts falling due after more than one year

8

(31,430

)

(41,911

)

PROVISIONS FOR LIABILITIES

(446,595

)

(463,787

)

NET ASSETS

4,430,418

4,607,878

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,429,418

4,606,878

4,430,418

4,607,878

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mrs S Phillips - Director

1.	STATUTORY INFORMATION

Chappell Engineering 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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 28 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 30 June 2024

1

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 July 2024

665,100

828,692

4,257,111

Additions

-

-

19,550

Disposals

-

-

-

At 31 December 2024

665,100

828,692

4,276,661

DEPRECIATION

At 1 July 2024

-

-

2,424,343

Charge for period

-

-

91,965

Eliminated on disposal

-

-

-

At 31 December 2024

-

-

2,516,308

NET BOOK VALUE

At 31 December 2024

665,100

828,692

1,760,353

At 30 June 2024

665,100

828,692

1,832,768

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

31,232

35,583

145,050

5,962,768

Additions

3,090

-

6,509

29,149

Disposals

-

(14,300

)

-

(14,300

)

At 31 December 2024

34,322

21,283

151,559

5,977,617

DEPRECIATION

At 1 July 2024

22,223

33,645

133,618

2,613,829

Charge for period

450

199

4,960

97,574

Eliminated on disposal

-

(13,960

)

-

(13,960

)

At 31 December 2024

22,673

19,884

138,578

2,697,443

NET BOOK VALUE

At 31 December 2024

11,649

1,399

12,981

3,280,174

At 30 June 2024

9,009

1,938

11,432

3,348,939

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

669,106

1,012,235

Other debtors

163,829

194,293

832,935

1,206,528

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Bank loans and overdrafts

22,397

21,562

Hire purchase contracts

24,038

-

Trade creditors

301,442

194,932

Taxation and social security

250,496

277,301

Other creditors

83,187

86,628

681,560

580,423

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Bank loans

31,430

41,911

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 30 June 2024:

2024

2024

£

£

Mrs S Phillips

Balance outstanding at start of period

653

1,095

Amounts advanced

1,212

1,991

Amounts repaid

(1,865

)

(2,433

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

653

F Phillips

Balance outstanding at start of period

249

-

Amounts advanced

248

1,628

Amounts repaid

(497

)

(1,379

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

249