MR & AS CHALLINOR LTD

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of MR & AS CHALLINOR LTD for the year ended 31 July 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of MR & AS CHALLINOR LTD 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 us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of MR & AS CHALLINOR LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of MR & AS CHALLINOR LTD and state those matters that we have agreed to state to the directors of MR & AS CHALLINOR LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MR & AS CHALLINOR LTD and its directors as a body for our work or for this report.

It is your duty to ensure that MR & AS CHALLINOR LTD 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 MR & AS CHALLINOR LTD . You consider that MR & AS CHALLINOR LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MR & AS CHALLINOR LTD . 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.

Signed

10th October 2025

The Curtis Partnership

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

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MR & AS CHALLINOR LTD

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 04848423

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,073		4,073
Tangible Assets	5		42,615		43,376

			46,688		47,449
CURRENT ASSETS
Stocks	6	17,100		18,800
Debtors	7	4,667		5,100

		21,767		23,900
Creditors: Amounts Falling Due Within One Year	8	(118,165 )		(116,288 )

NET CURRENT ASSETS (LIABILITIES)			(96,398 )		(92,388 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,710 )		(44,939 )

Creditors: Amounts Falling Due After More Than One Year	9		(7,500 )		(14,382 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(5,830 )		(7,774 )

NET LIABILITIES			(63,040 )		(67,095 )

CAPITAL AND RESERVES
Called up share capital	13		2		2
Profit and Loss Account			(63,042 )		(67,097 )

SHAREHOLDERS' FUNDS			(63,040)		(67,095)

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MR & AS CHALLINOR LTD

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Challinor Director	Mrs Allison Challinor Director
10th October 2025

The notes on pages 4 to 8 form part of these financial statements.

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MR & AS CHALLINOR LTD

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

MR & AS CHALLINOR LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04848423 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. 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 15 years.

2.5. 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:

Leasehold	25% reducing balance basis
Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis

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MR & AS CHALLINOR LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. 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.

2.7. 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.

2.8. 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. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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MR & AS CHALLINOR LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 August 2024	15,000	4,073	19,073

As at 31 July 2025	15,000	4,073	19,073

Amortisation
As at 1 August 2024	15,000	-	15,000

As at 31 July 2025	15,000	-	15,000

Net Book Value
As at 31 July 2025	-	4,073	4,073

As at 1 August 2024	-	4,073	4,073

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 August 2024	4,518	169,857	3,250	177,625
Additions	13,450	-	-	13,450

As at 31 July 2025	17,968	169,857	3,250	191,075

Depreciation
As at 1 August 2024	2,060	129,264	2,925	134,249
Provided during the period	3,977	10,153	81	14,211

As at 31 July 2025	6,037	139,417	3,006	148,460

Net Book Value
As at 31 July 2025	11,931	30,440	244	42,615

As at 1 August 2024	2,458	40,593	325	43,376

6. Stocks

	2025	2024
	£	£
Valuation	17,100	18,800

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MR & AS CHALLINOR LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	4,667	4,428
VAT	-	672

	4,667	5,100

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,000	3,000
Trade creditors	23	57
Bank loans and overdrafts	9,290	5,719
VAT	1,129	-
Accruals and deferred income	1,238	1,238
Directors' loan accounts	103,485	106,274

	118,165	116,288

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,500	10,500
Bank loans	-	3,882

	7,500	14,382

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,000	3,000
Later than one year and not later than five years	7,500	10,500

	10,500	13,500

	10,500	13,500

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MR & AS CHALLINOR LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	5,830	7,774

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2024	7,774	7,774
Deferred taxation	(1,944 )	(1,944 )

Balance at 31 July 2025	5,830	5,830

13. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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