Company registration number 01898401 (England and Wales)
Chapelton Board Sales Ltd
Financial Statements
For The Year Ended 31 August 2025
Pages For Filing With Registrar
Chapelton Board Sales Ltd
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
Chapelton Board Sales Ltd
Balance Sheet
As At 31 August 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
5
350,012
337,552
Investments
6
2,000
2,000
352,012
339,552
Current assets
Stocks
574,019
575,678
Debtors falling due after more than one year
8
-
0
178,000
Debtors falling due within one year
8
2,692,672
2,299,483
Cash at bank and in hand
1,574,920
936,206
4,841,611
3,989,367
Creditors: amounts falling due within one year
9
(2,567,912)
(1,660,321)
Net current assets
2,273,699
2,329,046
Total assets less current liabilities
2,625,711
2,668,598
Provisions for liabilities
(45,847)
(45,847)
Net assets
2,579,864
2,622,751
Capital and reserves
Called up share capital
10
20,905
20,905
Share premium account
15
15
Revaluation reserve
262,175
262,175
Capital redemption reserve
12,895
12,895
Profit and loss reserves
2,283,874
2,326,761
Total equity
2,579,864
2,622,751

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2026 and are signed on its behalf by:
Mr G M Skelton
Director
Company registration number 01898401 (England and Wales)
Chapelton Board Sales Ltd
Statement Of Changes In Equity
For The Year Ended 31 August 2025
Page 2
Share capital
Share premium account
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
£
Balance at 1 September 2023
20,905
15
262,175
12,895
2,514,742
2,810,732
Year ended 31 August 2024:
Profit and total comprehensive income for the year
-
-
-
-
111,189
111,189
Dividends
-
-
-
-
(299,170)
(299,170)
Balance at 31 August 2024
20,905
15
262,175
12,895
2,326,761
2,622,751
Year ended 31 August 2025:
Profit and total comprehensive income for the year
-
-
-
-
408,058
408,058
Dividends
-
-
-
-
(450,945)
(450,945)
Balance at 31 August 2025
20,905
15
262,175
12,895
2,283,874
2,579,864
Chapelton Board Sales Ltd
Notes To The Financial Statements
For The Year Ended 31 August 2025
Page 3
1
Accounting policies
Company information

Chapelton Board Sales Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6-10 Forstal Road, Aylesford, Kent, ME20 7AU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of goods

- Commissions

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Commissions

Commissions are recognised when they become receivable. This is considered to be when the customer is invoiced.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
1
Accounting policies
(Continued)
Page 4

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings
2% straight line
Fixtures and fittings
20% and 25% reducing balance
Computers
25% straight line

Land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
1
Accounting policies
(Continued)
Page 5

Cost is calculated using the first in first out method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
1
Accounting policies
(Continued)
Page 6
1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
Page 7
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Depreciation

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The remaining useful economic life of the assets is considered a source of significant estimation uncertainty.

Stock provision

Management reviews the inventory balances to determine if inventories can be sold at amounts greater than or equal to their carrying amounts plus costs to sell. The review is broken down into product groups to allow clearer identification of slow moving inventories, obsolete inventories and partially or fully damaged inventories. The identification process includes historical performance of the inventory along with current operational plans. Damaged stock is written off or provided for depending on the extent of damage. Management makes an allowance for any items considered to be obsolete. The allowance represents the difference between the cost of inventory and its estimated net realisable value.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
12
12
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
137,886
69,207
Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
Page 8
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 September 2024
400,000
230,189
630,189
Additions
-
0
21,816
21,816
At 31 August 2025
400,000
252,005
652,005
Depreciation and impairment
At 1 September 2024
64,000
228,637
292,637
Depreciation charged in the year
8,000
1,356
9,356
At 31 August 2025
72,000
229,993
301,993
Carrying amount
At 31 August 2025
328,000
22,012
350,012
At 31 August 2024
336,000
1,552
337,552

Land and buildings are valued at fair value by the directors at the balance sheet date.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been:

Land and Buildings
2025
2024
£
£
Cost
111,354
111,354
Accumulated depreciation
(20,044)
(17,817)
Carrying value
91,310
93,537
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,000
2,000
7
Subsidiaries

Details of the company's subsidiaries at 31 August 2025 are as follows:

Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
7
Subsidiaries
(Continued)
Page 9
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
J & S Uwins Ltd
6-10 Forstal Road, Aylesford, Kent, ME20 7AU
Consultancy
Ordinary
100.00
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,259,751
1,912,797
Amounts owed by group undertakings
5,991
252,460
Other debtors
272,879
-
0
Prepayments and accrued income
154,051
134,226
2,692,672
2,299,483
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
-
0
178,000
Total debtors
2,692,672
2,477,483
9
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
854,221
-
0
Trade creditors
1,234,911
1,280,384
Corporation tax
137,886
35,285
Other taxation and social security
261,032
300,089
Other creditors
79,862
44,563
2,567,912
1,660,321

The bank loan is secured by a fixed and floating charge over the assets of Chapelton Board Sales Ltd.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20,905
20,905
20,905
20,905
Chapelton Board Sales Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 August 2025
Page 10
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Athos Louca FCCA
Statutory Auditor:
Loucas
Date of audit report:
30 January 2026
12
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
178,870
78,000

Amounts owed are payable on demand.

13
Parent company

The parent company of Chapelton Board Sales Ltd is Chapelton Group Ltd and its registered office is 6-10 Forstal Road, Aylesford, Kent, ME20 7AU. A copy of the group's consolidated financial statements can be obtained from their registered office.

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