REGISTERED NUMBER: 10616280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHESTERS & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Chester

Mr J D Chester

Mr R D Chester

REGISTERED OFFICE:

37 Villiers Road

BICESTER

Oxfordshire

OX26 2BD

REGISTERED NUMBER:

10616280 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

127,976

74,153

CURRENT ASSETS

Stocks

1,600

1,950

Debtors

5

136,459

26,951

Cash at bank

168,440

118,236

306,499

147,137

CREDITORS

Amounts falling due within one year

6

263,028

135,864

NET CURRENT ASSETS

43,471

11,273

TOTAL ASSETS LESS CURRENT LIABILITIES

171,447

85,426

CREDITORS

Amounts falling due after more than one year

7

(3,334

)

(16,639

)

PROVISIONS FOR LIABILITIES

8

(30,262

)

(13,531

)

NET ASSETS

137,851

55,256

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

137,751

55,156

SHAREHOLDERS' FUNDS

137,851

55,256

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 23 December 2025 and were signed on its behalf by:

Mrs S A Chester - Director

1.	STATUTORY INFORMATION

Chesters & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

75,604

250

92,695

6,401

174,950

Additions

96,325

-

-

832

97,157

Disposals

(823

)

-

-

-

(823

)

At 31 March 2025

171,106

250

92,695

7,233

271,284

DEPRECIATION

At 1 April 2024

37,451

205

57,642

5,499

100,797

Charge for year

33,571

11

8,763

794

43,139

Eliminated on disposal

(628

)

-

-

-

(628

)

At 31 March 2025

70,394

216

66,405

6,293

143,308

NET BOOK VALUE

At 31 March 2025

100,712

34

26,290

940

127,976

At 31 March 2024

38,153

45

35,053

902

74,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

124,082

21,959

Prepayments

12,377

4,992

136,459

26,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

3,306

4,959

Trade creditors

13,934

32,306

Tax

36,974

4,935

VAT

39,256

5,263

Other creditors

203

653

Directors' current accounts

157,405

75,668

Accrued expenses

1,950

2,080

263,028

135,864

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

3,334

10,000

Bank loans - 2-5 years

-

3,334

Hire purchase contracts

-

3,305

3,334

16,639

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

30,262

13,531

Deferred

tax

£

Balance at 1 April 2024

13,531

Provided during year

16,731

Balance at 31 March 2025

30,262

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100