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Company Registration No. 09539748 (England and Wales)
Cherwell Design and Build Limited Unaudited accounts for the year ended 29 April 2025
Cherwell Design and Build Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cherwell Design and Build Limited Company Information for the year ended 29 April 2025
Director
C J Drury
Company Number
09539748 (England and Wales)
Registered Office
1&3 Kings Meadow Osney Mead Oxford Oxfordshire OX2 0DP UK
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Cherwell Design and Build Limited Statement of financial position as at 29 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
45,409
34,650
Current assets
Debtors
5
6,880
27,274
Cash at bank and in hand
8,488
3,403
15,368
30,677
Creditors: amounts falling due within one year
6
(152,399)
(104,124)
Net current liabilities
(137,031)
(73,447)
Total assets less current liabilities
(91,622)
(38,797)
Creditors: amounts falling due after more than one year
7
(19,149)
(24,032)
Provisions for liabilities
Deferred tax
(6,584)
(6,584)
Net liabilities
(117,355)
(69,413)
Capital and reserves
Called up share capital
1
1
Capital redemption reserve
1
1
Profit and loss account
(117,357)
(69,415)
Shareholders' funds
(117,355)
(69,413)
For the year ending 29 April 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 27 January 2026 and were signed on its behalf by
C J Drury Director Company Registration No. 09539748
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Cherwell Design and Build Limited Notes to the Accounts for the year ended 29 April 2025
1
Statutory information
Cherwell Design and Build Limited is a private company, limited by shares, registered in England and Wales, registration number 09539748. The registered office is 1&3 Kings Meadow, Osney Mead, Oxford, Oxfordshire, OX2 0DP, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal a teach reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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Cherwell Design and Build Limited Notes to the Accounts for the year ended 29 April 2025
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Leased assets
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cherwell Design and Build Limited Notes to the Accounts for the year ended 29 April 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 30 April 2024
13,646
59,495
12,139
85,280
Additions
766
19,500
848
21,114
At 29 April 2025
14,412
78,995
12,987
106,394
Depreciation
At 30 April 2024
7,697
37,810
5,123
50,630
Charge for the year
911
8,265
1,179
10,355
At 29 April 2025
8,608
46,075
6,302
60,985
Net book value
At 29 April 2025
5,804
32,920
6,685
45,409
At 29 April 2024
5,949
21,685
7,016
34,650
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
29,845
17,586
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Cherwell Design and Build Limited Notes to the Accounts for the year ended 29 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,096
20,834
Accrued income and prepayments
135
458
Other debtors
4,649
5,982
6,880
27,274
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
VAT
49,834
11,927
Obligations under finance leases and hire purchase contracts
7,531
2,969
Trade creditors
64,160
41,415
Taxes and social security
6,149
6,603
Other creditors
734
21,338
Loans from directors
13,991
9,872
152,399
104,124
The total amount of creditors for which security has been given amounted to £25,480 (2024 : £15,252). Net obligations under hire purchase is secured by fixed charges on the assets concerned.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
833
10,833
Obligations under finance leases and hire purchase contracts
18,316
13,199
19,149
24,032
8
Operating lease commitments
2025
2024
£
£
At 29 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
1,827
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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