REGISTERED NUMBER: 03292960

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

CHADWICKS LIMITED

FIXED ASSETS

Intangible assets

5

1

1

Tangible assets

6

83,650

91,819

Investments

7

11,121

22,241

94,772

114,061

CURRENT ASSETS

Debtors

142,824

202,875

Cash at bank

307,413

180,664

450,237

383,539

CREDITORS

Amounts falling due within one year

120,694

127,743

NET CURRENT ASSETS

329,543

255,796

TOTAL ASSETS LESS CURRENT LIABILITIES

424,315

369,857

CREDITORS

Amounts falling due after more than one year

(1,119

)

(10,867

)

PROVISIONS FOR LIABILITIES

(15,494

)

(18,502

)

NET ASSETS

407,702

340,488

RESERVES

Called up share capital

200

2

Retained earnings

407,502

340,486

407,702

340,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

R N Ross - Director

1.	STATUTORY INFORMATION

Chadwicks Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03292960 and the registered office is The Studio, Wattle Cottage, Mangreen, Norwich, Norfolk, NR14 8DD.

The presentation currency of the financial statements is sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises of fees charged to clients and the gross value of commissions on policies put on risk.

Goodwill

Goodwill is determined by comparing the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets, and is written off over 5 years being its estimate economic life.

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.

Fixtures and fittings - 25% on reducing balance

Computer equipment - 25% on cost

Motor vehicles - 10% on reducing balance

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

65,200

AMORTISATION

At 1 June 2024

and 31 May 2025

65,199

NET BOOK VALUE

At 31 May 2025

1

At 31 May 2024

1

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

166,424

Additions

12,226

At 31 May 2025

178,650

DEPRECIATION

At 1 June 2024

74,605

Charge for year

20,395

At 31 May 2025

95,000

NET BOOK VALUE

At 31 May 2025

83,650

At 31 May 2024

91,819

7.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2024

22,241

Impairments

(11,120

)

At 31 May 2025

11,121

NET BOOK VALUE

At 31 May 2025

11,121

At 31 May 2024

22,241