Registration number: 04848693

Chaffinch Green Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Chaffinch Green Limited

(Registration number: 04848693)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	271,265	256,254
Current assets
Stocks	5	500	500
Debtors	6	262,711	484,532
Cash at bank and in hand		156,179	114,101
		419,390	599,133
Creditors: Amounts falling due within one year	7	(182,083)	(443,163)
Net current assets		237,307	155,970
Total assets less current liabilities		508,572	412,224
Creditors: Amounts falling due after more than one year	7	(64,179)	(36,259)
Provisions for liabilities		(15,815)	(15,800)
Net assets		428,578	360,165
Capital and reserves
Called up share capital		100	100
Retained earnings		428,478	360,065
Shareholders' funds		428,578	360,165

Chaffinch Green Limited

(Registration number: 04848693)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... Mr Alastair Charles Oliver Machin Director

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Tileworks
Ellgreave Street
Stoke-On-Trent
Staffordshire
ST6 4DJ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold	Over the life of the lease
Plant and machinery	Over the life of the asset
Motor Vehicles	Over the life of the asset
Fixtures and fittings	Over the life of the asset
Computer equipment	Over the life of the asset

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2023 - 13).

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Leasehold £	Fixtures and fittings £	Computer equipment £	Motor vehicles  £
Cost or valuation
At 1 January 2024	220,153	91,096	21,003	61,034
Additions	-	18,379	2,956	40,107
Disposals	-	-	(3,764)	(13,894)
At 31 December 2024	220,153	109,475	20,195	87,247
Depreciation
At 1 January 2024	42,210	53,545	15,454	37,754
Charge for the year	14,570	10,419	2,871	17,586
Eliminated on disposal	-	-	(3,764)	(13,894)
At 31 December 2024	56,780	63,964	14,561	41,446
Carrying amount
At 31 December 2024	163,373	45,511	5,634	45,801
At 31 December 2023	177,943	37,551	5,549	23,280

	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	39,861	433,147
Additions	2,390	63,832
Disposals	(60)	(17,718)
At 31 December 2024	42,191	479,261
Depreciation
At 1 January 2024	27,930	176,893
Charge for the year	3,375	48,821
Eliminated on disposal	(60)	(17,718)
At 31 December 2024	31,245	207,996
Carrying amount
At 31 December 2024	10,946	271,265
At 31 December 2023	11,931	256,254

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Finished goods and goods for resale	500	500

6

Debtors

Current	2024 £	2023 £
Trade debtors	142,652	120,102
Prepayments	33,820	25,819
Other debtors	86,239	338,611
	262,711	484,532

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		30,777	51,426
Trade creditors		46,591	40,390
Taxation and social security		59,535	49,746
Accruals and deferred income		23,951	23,724
Other creditors		21,229	277,877
		182,083	443,163

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £66,146 (2023 - £53,920).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		64,179	36,259

Chaffinch Green Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8	Related party transactions

At the balance sheet date the company owed £19,404 (2023: £48,276) to a company under common control. This is received interest free and repayable on demand.

At the balance sheet date the company was owed £81,180 (2023: £333,552) from companies under common control. This had been given interest free and repayable on demand.