David Cheadle Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02894875

DAVID CHEADLE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

DAVID CHEADLE LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		143,270		1,223

CURRENT ASSETS

Stocks	27,941	36,285
Cash at bank and in hand	50,264	63,073
	--------	--------
	78,205	99,358

CREDITORS: amounts falling due within one year	6	78,904		45,537
		--------		--------
NET CURRENT (LIABILITIES)/ASSETS			( 699)		53,821
			---------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			142,571		55,044

CREDITORS: amounts falling due after more than one year	7		62,595		–

PROVISIONS

Taxation including deferred tax	24	232
	---------	--------
NET ASSETS	79,952	54,812
	---------	--------

CAPITAL AND RESERVES

Called up share capital	8	49	49
Profit and loss account		79,903	54,763
		--------	--------
SHAREHOLDERS FUNDS		79,952	54,812
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DAVID CHEADLE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr K Singh
Director

Company registration number: 02894875

DAVID CHEADLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 30 April 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 226 Trysull Road, Merry Hill, Wolverhampton, WV3 7JR.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Car sales are recognised when payment is received from the customer. Repair sales are recognised when the repair is completed.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2% straight line
Plant and machinery	-	20% reducing balance
Computer and office equipment	-	25% straight line

Land included as part of freehold property is not depreciated.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Computer and office equipment	Total
	£	£	£	£
Cost
At 1 May 2024	–	32,952	2,306	35,258
Additions	143,146	–	–	143,146
	---------	--------	-------	---------
At 30 April 2025	143,146	32,952	2,306	178,404
	---------	--------	-------	---------
Depreciation
At 1 May 2024	–	32,057	1,978	34,035
Charge for the year	716	178	205	1,099
	---------	--------	-------	---------
At 30 April 2025	716	32,235	2,183	35,134
	---------	--------	-------	---------
Carrying amount
At 30 April 2025	142,430	717	123	143,270
	---------	--------	-------	---------
At 30 April 2024	–	895	328	1,223
	---------	--------	-------	---------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,405	–
Trade creditors	390	1,674
Corporation tax	13,351	6,185
Social security and other taxes	4,917	5,222
Other creditors	57,841	32,456
	--------	--------
	78,904	45,537
	--------	--------

Included in creditors due within one year is £2,405 (2024 : Nil) in respect of a loan secured by a legal charge over the land and buildings owned by the company.

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	62,595	–
	--------	----

Included in creditors due after one year is £62,595 (2024 : Nil) in respect of a loan secured by a legal charge over the land and buildings owned by the company.

Included within creditors: amounts falling due after more than one year is an amount of £54,174 (2024: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	49	49	49	49
	----	----	----	----