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Registered number: 10082713

Chapman Auto Engineering Limited

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

Prepared By:

IUVO Services Limited

Chartered Accountants

10 The Crescent

Little Leighs

Chelmford

Essex

CM3 1LY

Chapman Auto Engineering Limited

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

DIRECTORS

N Chapman

J Chapman

REGISTERED OFFICE

221 Witham Road

Black Notley

Braintree

Essex

CM77 8NQ

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 10082713

ACCOUNTANTS

IUVO Services Limited

Chartered Accountants

10 The Crescent

Little Leighs

Chelmford

Essex

CM3 1LY

Chapman Auto Engineering Limited

ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Chapman Auto Engineering Limited

BALANCE SHEET AT 31/03/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Intangible assets		3				6,000				8,000
Tangible assets		4				76,138				91,923
						82,138				99,923
CURRENT ASSETS
Stock				2,675				2,575
Debtors		6		9,360				20,393
Cash at bank and in hand				432,279				339,204
				444,314				362,172
CREDITORS: Amounts falling due within one year		7		177,337				166,978
NET CURRENT ASSETS						266,977				195,194
TOTAL ASSETS LESS CURRENT LIABILITIES						349,115				295,117
CREDITORS: Amounts falling due after more than one year		8				3,650				18,112
PROVISIONS FOR LIABILITIES AND CHARGES		9				19,000				22,500
NET ASSETS						326,465				254,505
CAPITAL AND RESERVES
Called up share capital		10				10				10
Profit and loss account						326,455				254,495
SHAREHOLDERS' FUNDS						326,465				254,505
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/12/2025 and signed on their behalf by
.............................
N Chapman
Director

Chapman Auto Engineering Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Chapman Auto Engineering Limited

2. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				8		8

3. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 01/04/2024		20,000		20,000
At 31/03/2025		20,000		20,000
Depreciation
At 01/04/2024		12,000		12,000
For the year		2,000		2,000
At 31/03/2025		14,000		14,000
Net Book Amounts
At 31/03/2025		6,000		6,000
At 31/03/2024		8,000		8,000

4. TANGIBLE FIXED ASSETS
		Land And		Plant and		Commercial
		Buildings		Machinery		Vehicles		Total
		£		£		£		£
Cost
At 01/04/2024		-		75,752		94,854		170,606
Additions		100		6,683		-		6,783
At 31/03/2025		100		82,435		94,854		177,389
Depreciation
At 01/04/2024		-		40,720		37,963		78,683
For the year		-		8,343		14,225		22,568
At 31/03/2025		-		49,063		52,188		101,251
Net Book Amounts
At 31/03/2025		100		33,372		42,666		76,138
At 31/03/2024		-		35,032		56,891		91,923
Tangible assets includes a vehicle at a net book value of £13,054 (2024: £16,318) that is owned subject to a hire purchase agreement.

Chapman Auto Engineering Limited

5. STOCK				2025		2024
				£		£
Stock comprises:
Stock				2,675		2,575
				2,675		2,575

6. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
Trade debtors				7,766		17,524
Prepayments				1,594		2,869
				9,360		20,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				41,307		49,620
VAT				23,893		20,011
PAYE control				4,379		3,734
Directors current account				15,911		23,244
Bank loans and overdrafts				-		11
Bank Loan				10,000		10,000
Hire purchase				4,461		10,836
Trade creditors				70,984		43,615
Other creditors				402		175
Accruals				6,000		5,732
				177,337		166,978

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2025		2024
				£		£
Bank loans (unsecured) >1yr				3,332		13,332
Hire purchase >1yr				318		4,780
				3,650		18,112

Chapman Auto Engineering Limited

9. PROVISIONS FOR LIABILITIES				2025		2024
				£		£
Deferred taxation				19,000		22,500
				19,000		22,500

10. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
10 Ordinary shares of £1 each				10		10
				10		10

11. CONTROLLING PARTY

The company is controlled by its directors N and J Chapman

12. RELATED PARTY TRANSACTIONS

At the year end date the company owed its directors £15,911 (2024: £23,244). This liability is included in creditors, is repayable on demand and attracts no interest.