Chilman Fire and Security Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05434824 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Chilman Fire and Security Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M V Chilman

J D Chilman

T E Chilman

REGISTERED OFFICE:

Unit 7 Glenmore Business Park

Langford Locks

Kidlington

Oxfordshire

OX5 1GL

REGISTERED NUMBER:

05434824 (England and Wales)

ACCOUNTANTS:

Underwood Lamb Professional Services Ltd

Ground Floor, The Old Barn

Lady Farm

Chelwood

Bristol

BS39 4NN

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

539,026

488,670

Investments

6

120,600

659,626

609,270

CURRENT ASSETS

Stocks

15,000

750

Debtors

7

323,867

464,922

Cash at bank and in hand

78,364

85,722

417,231

551,394

CREDITORS

Amounts falling due within one year

8

307,802

324,073

NET CURRENT ASSETS

109,429

227,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

769,055

836,591

CREDITORS

Amounts falling due after more than one
year

9

27,129

-

NET ASSETS

741,926

836,591

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

10

741,925

836,590

741,926

836,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 20 October 2025 and were signed on its behalf by:

M V Chilman - Director

1.	STATUTORY INFORMATION

Chilman Fire and Security Limited 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.

Preparation of consolidated financial statements

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The financial statements present the results of the parent company only and do not show the results of the group other than by way of note.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

9,000

AMORTISATION

At 1 April 2024

and 31 March 2025

9,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

325,030

28,772

9,667

412,814

776,283

Additions

-

110,795

At 31 March 2025

325,030

28,772

9,667

523,609

887,078

DEPRECIATION

At 1 April 2024

-

16,630

3,050

267,933

287,613

Charge for year

-

2,429

1,168

56,842

60,439

At 31 March 2025

-

19,059

4,218

324,775

348,052

NET BOOK VALUE

At 31 March 2025

325,030

9,713

5,449

198,834

539,026

At 31 March 2024

325,030

12,142

6,617

144,881

488,670

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

32,950

Additions

69,795

Transfer to ownership

(32,950

)

At 31 March 2025

69,795

DEPRECIATION

At 1 April 2024

20,064

Charge for year

18,050

Transfer to ownership

(24,360

)

At 31 March 2025

13,754

NET BOOK VALUE

At 31 March 2025

56,041

At 31 March 2024

12,886

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

120,600

NET BOOK VALUE

At 31 March 2025

120,600

At 31 March 2024

120,600

The company's investments at the Balance Sheet date in the share capital of companies include the following:

JIGSAW SECURITY SOLUTIONS LIMITED

Registered office: Unit 7 Glenmore Business Park, Langford Locks, Kidlington, Oxfordshire, England, OX5 1GL

Nature of business: Installation of fire & security systems

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

-

42,426

(Loss)/profit for the year

(942

)

1,066

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

314,167

457,337

Other debtors

9,700

7,585

323,867

464,922

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

21,115

5,547

Trade creditors

228,998

167,473

Taxation and social security

45,980

142,345

Other creditors

11,709

8,708

307,802

324,073

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

27,129

-

10.

RESERVES

Retained

earnings

£

At 1 April 2024

836,590

Profit for the year

5,335

Dividends

(100,000

)

At 31 March 2025

741,925

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

31.3.25

31.3.24

£

M V Chilman

Balance outstanding at start of year

2,886

-

Amounts advanced

-

2,886

Amounts repaid

(2,886

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

2,886

T E Chilman

Balance outstanding at start of year

-

Amounts advanced

5,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,000

-

The loan was interest free and repaid in full in June 2025