REGISTERED NUMBER: 00580823 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

W.S.CHAPMAN & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Josephine Chapman

Tina Marie Chapman

REGISTERED OFFICE:

Burgess Hall

Burringham Road

Gunness

Scunthorpe

North Lincolnshire

DN17 3LT

REGISTERED NUMBER:

00580823 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

16 Omega Business Village

Thurston Road

Northallerton

North Yorkshire

DL6 2NJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,325,777

11,428,725

11,325,777

11,428,725

CURRENT ASSETS

Stocks

216,948

335,607

Debtors

6

114,940

57,089

Cash at bank

43,143

58,227

375,031

450,923

CREDITORS

Amounts falling due within one year

7

125,388

382,198

NET CURRENT ASSETS

249,643

68,725

TOTAL ASSETS LESS CURRENT LIABILITIES

11,575,420

11,497,450

CREDITORS

Amounts falling due after more than one year

8

(252,642

)

(29,340

)

PROVISIONS FOR LIABILITIES

(1,945,889

)

(1,959,966

)

NET ASSETS

9,376,889

9,508,144

CAPITAL AND RESERVES

Called up share capital

10,400

10,400

Other reserves

351

351

Retained earnings

9,366,138

9,497,393

9,376,889

9,508,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Tina Marie Chapman - Director

1.	STATUTORY INFORMATION

W.s.chapman & 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.

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.

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.

Freehold property

-

2% on cost and Not depreciated

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Grants receivable in relation to profit and loss expenditure are credited to the profit and loss in the year for which they relate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manor as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 6 April 2024

46,838

Disposals

(46,838

)

At 5 April 2025

-

AMORTISATION

At 6 April 2024

46,838

Eliminated on disposal

(46,838

)

At 5 April 2025

-

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 6 April 2024

11,071,266

1,318,710

7,718

23,495

12,421,189

Additions

3,078

23,649

-

-

26,727

Disposals

-

(6,480

)

-

-

(6,480

)

At 5 April 2025

11,074,344

1,335,879

7,718

23,495

12,441,436

DEPRECIATION

At 6 April 2024

101,602

865,644

4,946

20,272

992,464

Charge for year

55,250

71,703

415

807

128,175

Eliminated on disposal

-

(4,980

)

-

-

(4,980

)

At 5 April 2025

156,852

932,367

5,361

21,079

1,115,659

NET BOOK VALUE

At 5 April 2025

10,917,492

403,512

2,357

2,416

11,325,777

At 5 April 2024

10,969,664

453,066

2,772

3,223

11,428,725

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

22,220

Other debtors

114,940

34,869

114,940

57,089

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,280

-

Hire purchase contracts

24,982

27,367

Trade creditors

-

36,210

Taxation and social security

2,863

-

Other creditors

76,263

318,621

125,388

382,198

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

246,397

-

Hire purchase contracts

6,245

29,340

252,642

29,340

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

144,320

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

31,227

56,707

The obligations under finance leases and hire purchase contracts are secured by a charge over the assets purchased under these agreements.

National Westminster Bank PLC hold charges over land held at Brumby Grange Humberside.

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension costs represents contributions payable by the company to the fund and amounted to £5,067 (2024: £3,827). Contribution's totalling £199 (2024: £254) were payable to the fund at the year end and are included in creditors.

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, there were non-cancellable operating leases totalling £36,444 (2024: £54,665).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the Directors totalling £145,643 (2024: £293,691). Interest was charged at the official rate where applicable, and the advances were repayable on demand.

The company received repayments totalling £41,470 (2024: £369,337).