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Registered number: 03996472
Chatfield Cleaning Limited
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 31 March 2025
HSJ Audit Limited
Severn House
Hazell Drive
Newport
NP10 8FY
Chatfield Cleaning Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Strategic Report | 2
Director's Report | 3
Independent Auditor's Report | 4—7
Profit and Loss Account | 8
Statement of Comprehensive Income | 9
Balance Sheet | 10
Statement of Changes in Equity | 11
Statement of Cash Flows | 12
Notes to the Statement of Cash Flows | 13
Notes to the Financial Statements | 14—19

Page 1
Chatfield Cleaning Limited
Company Information
For The Year Ended 31 March 2025
Company Information

Director | Mr A J Bailey
Secretary | Mr A J Bailey
Company Number | 03996472
Registered Office | 1 Bromley Lane
| Chislehurst
| Kent
| BR7 6LH
Accountants | HSJ Audit Limited
| Severn House
| Hazell Drive
| Newport
| NP10 8FY

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Chatfield Cleaning Limited
Strategic Report
For The Year Ended 31 March 2025
Strategic Report
The director presents his strategic report for the year ended 31 March 2025.
Principal Activity
The company's principal activity continues to be that of commercial cleaning services.
Review of the Business
The company continues to specialise in the commercial cleaning industry, operating from its office in Chislehurst Kent. We have a portfolio of clients all over London, The Home Counties and the South East.
Our clients are a diverse mixture of office blocks, individual offices, retail parks and commercial managing agents.
We are satisifed with the result for the year which shows a profit after tax of £602,259 off increased turnover of £4,881,928.
The company's key finanial and other performance indicators during the year were as follows:

|  | 2025 |  | 2024
| Unit | £ |  | £
Turnover | £m | 4,881 |  | 4,639
Gross margin | % | 30 |  | 28
Profit before tax | £000 | 1,095 |  | 862
EBITDA | £000 | 1,139 |  | 780

Principal Risks and Uncertainties
Due to the company's prudent use of its money in previous years, we have not had to seek external funding or loans in order for us to service our contracts and still produce a healthy profit.
Our focus is to actively look at work with new commercial agents to broaden its client base with the possibility of securing multiple new sites.
The future for sustaining a healthy balance sheet will be for quality contracts not low profit quantity as we intend for the company to remain a family business.
On behalf of the board

Mr A J Bailey Director
15 September 2025

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Chatfield Cleaning Limited
Company No. 03996472
Director's Report For The Year Ended 31 March 2025
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2025.
Directors
The director who held office during the year were as follows:

Mr A J Bailey

Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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. He is 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 director is 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.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors
The auditors, HSJ Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr A J Bailey Director
15 September 2025

Page 3
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Independent Auditor's Report
to the Members of
Chatfield Cleaning Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Chatfield Cleaning Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Page 4
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Independent Auditor's Report (continued)
to the Members of
Chatfield Cleaning Limited
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records or returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of Directors
As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Page 5
Page 6
Independent Auditor's Report (continued)
to the Members of
Chatfield Cleaning Limited
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.
We communicated identified fraud risks throughout the engagement team and remained alert throughout the engagement process for any indications of fraud.
As required by the auditing standards, we identify and assess the risk of material misstatement of financial statements, whether due to fraud or error, in particular revenue recognition and management override of control. We design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud.
In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion, we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the company that were contrary to these laws and regulations, including fraud.
We focused on laws and regulations that could give rise to a material misstatement in the financial statements.
We made enquiries of management with regards to compliance with the laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of meetings.
Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Page 6
Page 7
Independent Auditor's Report (continued)
to the Members of
Chatfield Cleaning Limited

Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor) (Senior Statutory Auditor) for and on behalf of HSJ Audit Limited , Statutory Auditor
13 October 2025

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Chatfield Cleaning Limited
Profit and Loss Account
For The Year Ended 31 March 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 4,881,928 |  | 4,531,615
Cost of sales |  | (3,395,445 ) |  | (3,240,103 )
GROSS PROFIT |  | 1,486,483 |  | 1,291,512
Administrative expenses |  | (662,106 ) |  | (685,514 )
Other operating income |  | 146,529 |  | 107,323
OPERATING PROFIT | 5 | 970,906 |  | 713,321
Profit on disposal of fixed assets |  | - |  | 40,636
Other interest receivable and similar income | 9 | 132,959 |  | 122,336
Interest payable and similar charges | 10 | (8,368 ) |  | (13,741 )
PROFIT BEFORE TAXATION |  | 1,095,497 |  | 862,552
Tax on Profit | 11 | (283,695 ) |  | (228,539 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 811,802 |  | 634,013

The notes on pages 13 to 19 form part of these financial statements.
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Chatfield Cleaning Limited
Statement of Comprehensive Income
For The Year Ended 31 March 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 811,802 |  | 634,013
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 811,802 |  | 634,013

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Chatfield Cleaning Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 03996472

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 12 |  | 244,820 |  | 258,334
Investment Properties | 13 |  | 3,642,575 |  | 3,642,575
|  |  | 3,887,395 |  | 3,900,909
CURRENT ASSETS
Debtors | 14 | 662,935 |  | 415,239 |
Cash at bank and in hand |  | 7,156,095 |  | 6,916,172 |
|  | 7,819,030 |  | 7,331,411 |
Creditors: Amounts Falling Due Within One Year | 15 | (856,292 ) |  | (843,580 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 6,962,738 |  | 6,487,831
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 10,850,133 |  | 10,388,740
Creditors: Amounts Falling Due After More Than One Year | 16 |  | (126,429 ) |  | (146,304 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 18 |  | (75,229 ) |  | (75,229 )
NET ASSETS |  |  | 10,648,475 |  | 10,167,207
CAPITAL AND RESERVES
Called up share capital | 19 |  | 100 |  | 100
Revaluation reserve |  |  | 225,686 |  | 225,686
Profit and Loss Account |  |  | 10,422,689 |  | 9,941,421
SHAREHOLDERS' FUNDS |  |  | 10,648,475 |  | 10,167,207

The financial statements were approved by the board of directors on 15 September 2025 and were signed on its behalf by:

Mr A J Bailey Director
15 September 2025

The notes on pages 13 to 19 form part of these financial statements.
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Chatfield Cleaning Limited
Statement of Changes in Equity
For The Year Ended 31 March 2025
Statement of Changes in Equity

| Share Capital | Revaluation reserve | Profit and Loss Account | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 1 April 2023 | 100 | 225,686 | 9,814,208 | 10,039,994
Profit for the year and total comprehensive income | - | - | 634,013 | 634,013
Dividends paid | - | - | (506,800) | (506,800)
As at 31 March 2024 and 1 April 2024 | 100 | 225,686 | 9,941,421 | 10,167,207
Profit for the year and total comprehensive income | - | - | 811,802 | 811,802
Dividends paid | - | - | (330,534) | (330,534)
As at 31 March 2025 | 100 | 225,686 | 10,422,689 | 10,648,475

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Chatfield Cleaning Limited
Statement of Cash Flows
For The Year Ended 31 March 2025
Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from operations | 1 | 697,704 |  | 1,138,187
Interest paid |  | (8,368 ) |  | (13,741 )
Tax paid |  | (199,187 ) |  | (147,093 )
Net cash generated from operating activities |  | 490,149 |  | 977,353
Cash flows from investing activities
Purchase of tangible assets |  | (31,308 ) |  | (213,011 )
Proceeds from disposal of tangible assets |  | - |  | 104,750
Purchase of other fixed asset investments |  | - |  | (1,261,036 )
Interest received |  | 132,959 |  | 122,336
Net cash generated from/(used in) investing activities |  | 101,651 |  | (1,246,961 )
Cash flows from financing activities
Equity dividends paid |  | (330,534 ) |  | (506,800 )
Repayment of finance leases |  | (21,532 ) |  | 73,525
Amount introduced by directors |  | 189 |  | 118
Net cash used in financing activities |  | (351,877 ) |  | (433,157 )
Increase/(decrease) in cash and cash equivalents |  | 239,923 |  | (702,765 )
Cash and cash equivalents at beginning of year | 2 | 6,916,172 |  | 7,618,937
Cash and cash equivalents at end of year | 2 | 7,156,095 |  | 6,916,172

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Chatfield Cleaning Limited
Notes to the Statement of Cash Flows
For The Year Ended 31 March 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 811,802 |  | 634,013
Adjustments for:
Tax on profit | 283,695 |  | 228,539
Interest expense | 8,368 |  | 13,741
Interest income | (132,959 ) |  | (122,336 )
Depreciation of tangible assets | 44,822 |  | 67,173
Profit on disposal of tangible assets | - |  | (40,636)
Movements in working capital:
(Increase)/decrease in trade and other debtors | (249,775 ) |  | 274,902
(Decrease)/increase in trade and other creditors | (68,249 ) |  | 82,791
Net cash generated from operations | 697,704 |  | 1,138,187

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 7,156,095 |  | 6,916,172

3. Analysis of changes in net funds

| As at 1 April 2024 | Cash flows | As at 31 March 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 6,916,172 | 239,923 | 7,156,095
Finance leases | (221,746) | 21,532 | (200,214)
| 6,694,426 | 261,455 | 6,955,881

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Chatfield Cleaning Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Chatfield Cleaning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03996472 . The registered office is 1 Bromley Lane, Chislehurst, Kent, BR7 6LH.
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 "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.
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. 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 | 25% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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Chatfield Cleaning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. 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.
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. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Sale of goods | 4,881,928 |  | 4,531,615

4. Other Operating Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Rental income | 146,529 |  | 107,323
| 146,529 |  | 107,323

5. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | 65,433 |  | 102,239
Depreciation of tangible fixed assets | 44,822 |  | 67,173

6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 8,950 |  | 8,950

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Chatfield Cleaning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 2,071,398 |  | 2,033,602
Social security costs | 129,691 |  | 118,496
Other pension costs | 28,571 |  | 24,789
| 2,229,660 |  | 2,176,887

8. Average Number of Employees
Average number of employees, including directors, during the year was: 183 (2024: 174)
183 174
9. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 132,959 |  | 122,336

10. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finance charges payable under finance leases and hire purchase contracts | 8,368 |  | 13,741

11. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | - | 25.0% | 280,791 |  | 224,969
Prior period adjustment | 825 |  | -
| 281,616 |  | 224,969
Deferred Tax
Origination and reversal of timing differences | 2,079 |  | 3,570
Total tax charge for the period | 283,695 |  | 228,539
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 1,095,497 |  | 862,552
Tax on profit at 25% (UK standard rate) | 273,874 |  | 215,638
Goodwill/depreciation not allowed for tax | 11,205 |  | 16,792

...CONTINUED
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Chatfield Cleaning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Expenses not deductible for tax purposes | 8,993 |  | 8,792
Capital allowances | (13,282 ) |  | (16,241 )
Short term timing differences | 2,905 |  | 3,558
Total tax charge for the period | 283,695 |  | 228,539

12. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 24,686 | 391,672 | 22,942 | 439,300
Additions | - | 26,995 | 4,313 | 31,308
As at 31 March 2025 | 24,686 | 418,667 | 27,255 | 470,608
Depreciation
As at 1 April 2024 | 20,499 | 147,105 | 13,362 | 180,966
Provided during the period | 1,192 | 41,277 | 2,353 | 44,822
As at 31 March 2025 | 21,691 | 188,382 | 15,715 | 225,788
Net Book Value
As at 31 March 2025 | 2,995 | 230,285 | 11,540 | 244,820
As at 1 April 2024 | 4,187 | 244,567 | 9,580 | 258,334

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 183,404 |  | 218,052

13. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 3,642,575

The values have been derived by the directors based on their judgement of the properties purchased.
The valuations used are based on market trends and anlaysis of the market made availibility by industry experts.
The original cost of the properties is £3,341,661.
There has been no valuation of investment property by an independent valuer.
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Chatfield Cleaning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
14. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 636,178 |  | 386,403
Other debtors | 2,500 |  | 2,500
| 638,678 |  | 388,903
Due after more than one year
Other debtors | 24,257 |  | 26,336
| 662,935 |  | 415,239

15. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 73,785 |  | 75,442
Trade creditors | 374 |  | 151,603
Other creditors | 18,227 |  | 9,776
Corporation tax | 280,791 |  | 198,362
Taxation and social security | 234,848 |  | 136,973
Accruals and deferred income | 248,267 |  | 271,424
| 856,292 |  | 843,580

16. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 126,429 |  | 146,304

17. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 73,785 |  | 75,442
Later than one year and not later than five years | 126,429 |  | 146,304
| 200,214 |  | 221,746
| 200,214 |  | 221,746

18. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 75,229 |  | 75,229

19. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary A shares of £ 1.00 each | 100 |  | 100

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Chatfield Cleaning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
20. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £28,571 (2024: £24,789).
At the balance sheet date contributions of £6,035 (2024: £4,740) were due to the fund and are included in creditors.
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