REGISTERED NUMBER: 07155760 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Chris Dade Engineering Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

4,032

6,049

Tangible assets

6

77,701

94,451

81,733

100,500

Current assets

Debtors

7

224,042

183,100

Cash at bank

840

840

224,882

183,940

Creditors

Amounts falling due within one year

8

(223,586

)

(183,702

)

Net current assets

1,296

238

Total assets less current liabilities

83,029

100,738

Creditors

Amounts falling due after more than one year

9

(64,851

)

(78,673

)

Provisions for liabilities

(18,117

)

(22,017

)

Net assets

61

48

Capital and reserves

Called up share capital

11

1

1

Retained earnings

12

60

47

Shareholders' funds

61

48

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2026 and were signed by:

Mr C Dade - Director

1.	Statutory information

Chris Dade Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07155760

Registered office:

Unit 1

King John Bank

Walpole St Andrew

Wisbech

Cambridgeshire

PE14 7LT

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Computer equipment

-

20% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4.	Employees and directors

The average number of employees during the year was 4 (2024 - 5 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

20,168

Amortisation

At 1 April 2024

14,119

Amortisation for year

2,017

At 31 March 2025

16,136

Net book value

At 31 March 2025

4,032

At 31 March 2024

6,049

6.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

137,231

107,883

13,206

258,320

Additions

-

-

1,846

1,846

At 31 March 2025

137,231

107,883

15,052

260,166

Depreciation

At 1 April 2024

93,550

64,883

5,436

163,869

Charge for year

6,552

10,750

1,294

18,596

At 31 March 2025

100,102

75,633

6,730

182,465

Net book value

At 31 March 2025

37,129

32,250

8,322

77,701

At 31 March 2024

43,681

43,000

7,770

94,451

7.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

90,917

70,199

Other debtors

133,125

112,901

224,042

183,100

8.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Bank loans and overdrafts

8,367

8,319

Hire purchase contracts

8,852

10,852

Trade creditors

8,275

7,698

Taxation and social security

196,162

155,003

Other creditors

1,930

1,830

223,586

183,702

9.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans

25,000

30,556

Hire purchase contracts

39,851

48,117

64,851

78,673

10.	Secured debts

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

30,556

36,112

Bank borrowings consist of a bounce back loan which is 100% guaranteed by the government.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£0.01

1

1

12.

Reserves

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

13.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr C Dade

Balance outstanding at start of year

107,191

74,925

Amounts advanced

196,245

141,706

Amounts repaid

(181,811

)

(109,440

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

121,625

107,191

The directors loan is not subject to any interest charges and is repayable on demand and will be repaid in full during the next year.