Chew Valley Construction Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Chew Valley Construction Limited

Company Information

Directors

Mrs J Manning Mr J Kelly

Company secretary

Mrs J Manning

Registered office

Unit 2 95 Church Road Bishopsworth Bristol BS13 8JU

Registered Number

02068614

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Chew Valley Construction Limited

(Registration number: 02068614)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	279,561	381,000
Current assets
Stocks		2,771	13,335
Debtors	5	577,491	549,959
Cash at bank and in hand		1,320,646	1,024,494
		1,900,908	1,587,788
Creditors: Amounts falling due within one year	6	(627,764)	(504,932)
Net current assets		1,273,144	1,082,856
Total assets less current liabilities		1,552,705	1,463,856
Provisions for liabilities		(62,121)	(102,560)
Net assets		1,490,584	1,361,296
Capital and reserves
Called up share capital		90	90
Capital redemption reserve		10	10
Retained earnings		1,490,484	1,361,196
Shareholders' funds		1,490,584	1,361,296

Chew Valley Construction Limited

(Registration number: 02068614)
Balance Sheet as at 31 March 2025

For the financial 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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 October 2025 and signed on its behalf by:
 

......................................... Mrs J Manning Company secretary and director

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Unit 2 95 Church Road
Bishopsworth
Bristol
BS13 8JU

These financial statements were authorised for issue by the Board on 21 October 2025.

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). There have been no material departures from the Financial Reporting Standard 102 1A.

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. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Government grants

Government grants have been recognised on an accruals basis and have been recognised in the same period in which the related expense has been incurred.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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
Improvements to property	20% on cost
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 22).

4	Tangible assets

	Improvements to property £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	41,145	124,083	678,733	843,961
Additions	-	7,113	35,551	42,664
Disposals	-	(430)	(47,931)	(48,361)
At 31 March 2025	41,145	130,766	666,353	838,264
Depreciation
At 1 April 2024	41,145	106,436	315,380	462,961
Charge for the year	-	7,726	136,305	144,031
Eliminated on disposal	-	(358)	(47,931)	(48,289)
At 31 March 2025	41,145	113,804	403,754	558,703
Carrying amount
At 31 March 2025	-	16,962	262,599	279,561
At 31 March 2024	-	17,647	363,353	381,000

5

Debtors

	2025 £	2024 £
Trade debtors	512,864	477,818
Prepayments	64,047	71,561
Other debtors	580	580
	577,491	549,959

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Due within one year	2025 £	2024 £
Trade creditors	302,221	269,110
Taxation and social security	185,292	92,314
Accruals and deferred income	119,138	118,017
Other creditors	21,113	25,491
	627,764	504,932

 

7	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £3,605 (2024 - £3,722). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

8	Related party transactions

Loans to related parties

2024	Key management £	Total £
At start of period	3,918	3,918
Advanced	19,657	19,657
Repaid	(23,575)	(23,575)
At end of period	-	-

Terms of loans to related parties

The loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.
 

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Loans from related parties

2025	Key management £	Total £
At start of period	1,690	1,690
Advanced	27,624	27,624
Repaid	(27,000)	(27,000)
At end of period	2,314	2,314

2024	Key management £	Total £
At start of period	624	624
Advanced	4,049	4,049
Repaid	(2,983)	(2,983)
At end of period	1,690	1,690

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.