REGISTERED NUMBER: 01733278 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Chepester Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M K Patel

Mr K K Patel

Mr K C Patel

Mrs M K Patel

Mrs D M Patel

Mrs J K Patel

SECRETARY:

Mrs D M Patel

REGISTERED OFFICE:

59 May Lane

Hollywood

Birmingham

West Midlands

B47 5PA

REGISTERED NUMBER:

01733278 (England and Wales)

FIXED ASSETS

Tangible assets

4

79,493

66,581

CURRENT ASSETS

Stocks

999,786

935,786

Debtors

5

661,342

637,043

Cash at bank and in hand

1,102,924

1,062,930

2,764,052

2,635,759

CREDITORS

Amounts falling due within one year

6

809,253

640,992

NET CURRENT ASSETS

1,954,799

1,994,767

TOTAL ASSETS LESS CURRENT LIABILITIES

2,034,292

2,061,348

CREDITORS

Amounts falling due after more than one year

7

(18,845

)

-

PROVISIONS FOR LIABILITIES

9

(21,236

)

(24,497

)

NET ASSETS

1,994,211

2,036,851

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

1,994,111

2,036,751

SHAREHOLDERS' FUNDS

1,994,211

2,036,851

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr M K Patel - Director

Mr K K Patel - Director

1.	STATUTORY INFORMATION

Chepester Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

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.

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 50 (2023 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2023

28,911

59,600

263,773

21,284

373,568

Additions

-

-

-

29,999

29,999

At 31 October 2024

28,911

59,600

263,773

51,283

403,567

DEPRECIATION

At 1 November 2023

20,658

47,240

224,187

14,902

306,987

Charge for year

825

1,854

5,938

8,470

17,087

At 31 October 2024

21,483

49,094

230,125

23,372

324,074

NET BOOK VALUE

At 31 October 2024

7,428

10,506

33,648

27,911

79,493

At 31 October 2023

8,253

12,360

39,586

6,382

66,581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

439,963

502,871

Other debtors

221,379

134,172

661,342

637,043

S.455 Tax recoverable of £12,555 included other debtors.

Directors' loans are included in debtors the total balance outstanding of £37,203.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

517,838

507,602

Taxation and social security

23,072

15,099

Other creditors

268,343

118,291

809,253

640,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Hire purchase contracts (see note 8)

18,845

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.10.24

31.10.23

£

£

Gross obligations repayable:

Between one and five years

22,282

-

Finance charges repayable:

Between one and five years

3,437

-

Net obligations repayable:

Between one and five years

18,845

-

Non-cancellable operating

leases

31.10.24

31.10.23

£

£

Within one year

-

22,500

9.	PROVISIONS FOR LIABILITIES

31.10.24

31.10.23

£

£

Deferred tax

21,236

24,497

Deferred

tax

£

Balance at 1 November 2023

24,497

Credit to Income Statement during year

(3,261

)

Balance at 31 October 2024

21,236

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 November 2023

2,036,751

Deficit for the year

(42,640

)

At 31 October 2024

1,994,111

12.	RELATED PARTY DISCLOSURES

During the year the company purchased goods in ordinary course of business from Scent Assets at normal commercial rate of £Nil (2023 £Nil) and sold goods to the value of £43,443 (2023 £129,623). Sale ledger balance at 31/10/2024 was £NIL and other £31,094. (2023 £164,030 and other £23,130) and Purchase ledger balance was £21,599 and other £72,739 (2023 £21,599 and other £36,793).

The company paid a rent of £6,000 to Mr K C Patel, Mr M K Patel and Mr K K Patel in respect of 59 May Lane, Hollywood, Birmingham as part of the property is used by the company.

The company paid a rent of £Nil period from 01/11/2022 to 31/10/2023 to Mr M K Patel and Mr K K Patel in respect of 67 May Lane, Hollywood, Birmingham as part of the property is used by the company for storage of stock. Scent Assets is owned 100% by Mr M K Patel, Mr K K Patel, Mrs D M Patel and Mrs J K Patel who are the directors of the company.

13.	ULTIMATE CONTROLLING PARTY

The board directors is the controlling parties.