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Company Registration No. 05068183 (England and Wales)
Challen Building & Renovations Limited Unaudited accounts for the year ended 31 March 2025
Challen Building & Renovations Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Challen Building & Renovations Limited Company Information for the year ended 31 March 2025
Director
Nicholas Challen
Company Number
05068183 (England and Wales)
Registered Office
Vision Accounting Fortis House, Cothey Way Ryde Isle of Wight PO33 1QT UK
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Challen Building & Renovations Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
39,114 
56,296 
Current assets
Inventories
38,500 
98,500 
Debtors
5
111,968 
68,566 
Cash at bank and in hand
93,786 
58,160 
244,254 
225,226 
Creditors: amounts falling due within one year
6
(109,138)
(148,434)
Net current assets
135,116 
76,792 
Total assets less current liabilities
174,230 
133,088 
Creditors: amounts falling due after more than one year
7
(2,009)
(11,564)
Net assets
172,221 
121,524 
Capital and reserves
Called up share capital
250 
250 
Profit and loss account
171,971 
121,274 
Shareholders' funds
172,221 
121,524 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Nicholas Challen Director Company Registration No. 05068183
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Challen Building & Renovations Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Challen Building & Renovations Limited is a private company, limited by shares, registered in England and Wales, registration number 05068183. The registered office is Vision Accounting, Fortis House, Cothey Way, Ryde, Isle of Wight, PO33 1QT, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
160,069 
61,263 
221,332 
Additions
1,311 
- 
1,311 
At 31 March 2025
161,380 
61,263 
222,643 
Depreciation
At 1 April 2024
133,471 
31,565 
165,036 
Charge for the year
6,927 
11,566 
18,493 
At 31 March 2025
140,398 
43,131 
183,529 
Net book value
At 31 March 2025
20,982 
18,132 
39,114 
At 31 March 2024
26,598 
29,698 
56,296 
- 5 -
Challen Building & Renovations Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,447 
5,102 
Accrued income and prepayments
1,250 
- 
Other debtors
69,271 
63,464 
111,968 
68,566 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,240 
10,486 
VAT
41,221 
44,833 
Obligations under finance leases and hire purchase contracts
10,125 
15,000 
Trade creditors
32,008 
84,764 
Taxes and social security
62,654 
18,318 
Other creditors
5,585 
27,745 
Loans from directors
(55,185)
(55,202)
Accruals
2,490 
2,490 
109,138 
148,434 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,009 
11,564 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nicholas Challen
Director Loan Account
55,202 
99,955 
99,972 
55,185 
55,202 
99,955 
99,972 
55,185 
9
Average number of employees
During the year the average number of employees was 5 (2024: 6).
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