I W Critchley & Son Limited

	Page
Company Information	1
Directors' Report	2
Accountant's Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Statement of Changes in Equity	7
Notes to the Financial Statements	8—10

Page 1

Page 2

Company No. 07102448

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors

The directors who held office during the year were as follows:

Mr Peter Critchley

Mrs Janet Critchley

Mr Richard Critchley

Mr James Critchley

Mr Robert Critchley

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Peter Critchley

Director

25/09/2025

Page 2

Page 3

I W Critchley & Son Limited

Accountant's Report

For The Year Ended 31 March 2025

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of I W Critchley & Son Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of I W Critchley & Son Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of I W Critchley & Son Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of I W Critchley & Son Limited and state those matters that we have agreed to state to the directors of I W Critchley & Son Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I W Critchley & Son Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that I W Critchley & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of I W Critchley & Son Limited . You consider that I W Critchley & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of I W Critchley & Son Limited . 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 financial statements.

26/09/2025

Roby Brimley & Co Ltd

Chartered Accountants

5-7 Farrington Street

Chorley

PR7 1DY

Page 3

Page 4

I W Critchley & Son Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		1,460,607	1,505,149
Cost of sales		(687,295 )	(737,823 )

GROSS PROFIT		773,312	767,326

Administrative expenses		(589,008 )	(623,256 )

OPERATING PROFIT		184,304	144,070
Loss on disposal of fixed assets		(4,376 )	(1,813 )
Other interest receivable and similar income		-	3,750
Interest payable and similar charges		-	(9 )

PROFIT BEFORE TAXATION		179,928	145,998
Tax on Profit		(43,455 )	(37,187 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		136,473	108,811

The notes on pages 8 to 10 form part of these financial statements.

Page 4

Page 5

I W Critchley & Son Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		32,230		41,109
Tangible Assets	5		137,318		93,733

			169,548		134,842
CURRENT ASSETS
Stocks	6	1,848		1,950
Debtors	7	145,461		143,759
Cash at bank and in hand		163,211		156,117

		310,520		301,826
Creditors: Amounts Falling Due Within One Year	8	(178,079 )		(124,865 )

NET CURRENT ASSETS (LIABILITIES)			132,441		176,961

TOTAL ASSETS LESS CURRENT LIABILITIES			301,989		311,803

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,112 )		(17,809 )

NET ASSETS			276,877		293,994

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			276,777		293,894

SHAREHOLDERS' FUNDS			276,877		293,994

Page 5

Page 6

I W Critchley & Son Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Peter Critchley

Director

25/09/2025

The notes on pages 8 to 10 form part of these financial statements.

Page 6

Page 7

I W Critchley & Son Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	100	343,798	343,898
Profit for the year and total comprehensive income	-	108,811	108,811

Dividends paid	-	(158,715)	(158,715)

As at 31 March 2024 and 1 April 2024	100	293,894	293,994


Profit for the year and total comprehensive income	-	136,473	136,473

Dividends paid	-	(153,590)	(153,590)

As at 31 March 2025	100	276,777	276,877

Page 7

Page 8

I W Critchley & Son Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

I W Critchley & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07102448 . The registered office is Four Winds, Burgh Lane, Chorley, PR7 3PU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 8

Page 9

I W Critchley & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	94,788

As at 31 March 2025	94,788

Amortisation
As at 1 April 2024	53,679
Provided during the period	8,879

As at 31 March 2025	62,558

Net Book Value
As at 31 March 2025	32,230

As at 1 April 2024	41,109

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	70,058	135,736	37,575	243,369
Additions	239	55,000	8,968	64,207
Disposals	-	(25,582 )	-	(25,582 )

As at 31 March 2025	70,297	165,154	46,543	281,994

Depreciation
As at 1 April 2024	43,094	78,285	28,257	149,636
Provided during the period	4,062	10,449	1,734	16,245
Disposals	-	(21,205 )	-	(21,205 )

As at 31 March 2025	47,156	67,529	29,991	144,676

Net Book Value
As at 31 March 2025	23,141	97,625	16,552	137,318

As at 1 April 2024	26,964	57,451	9,318	93,733

Page 9

Page 10

I W Critchley & Son Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	1,848	1,950

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	121,719	130,614
Other debtors	23,742	13,145

	145,461	143,759

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	122,030	70,612
Other creditors	10,398	9,509
Taxation and social security	45,651	44,744

	178,079	124,865

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included withinCreditors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Peter Critchley	(43 )	(4,368 )	3,602	-	(809 )
Mrs Janet Critchley	(43 )	(4,368 )	3,602	-	(809 )
Mr Richard Critchley	(55 )	(20,000 )	20,051	-	(4 )
Mr James Cricthley	(579 )	(14,500 )	14,938	-	(141 )
Mr Robert Critchley	(53 )	(15,000 )	14,593	-	(460 )

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

During the year the company entered into the following transactions with related parties:

Mr Peter Critchley and Mrs Janet Critchley (Directors). 2025: 30,000 (2024: 30,000).

The company rents its trading premises from Mr Peter Critchley and Mrs Janet Critchley (directors)/ The rent payable was £30,000 (2024: £30,000).

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Peter Critchley (a director) by virtue of his ownership of a majority of the issued share capital in the company.

Page 10