Chris W Roads Limited 03611139 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is used car retailers Digita Accounts Production Advanced 6.30.9574.0 true 03611139 2024-08-01 2025-07-31 03611139 2025-07-31 03611139 bus:OrdinaryShareClass1 2025-07-31 03611139 core:CurrentFinancialInstruments 2025-07-31 03611139 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 03611139 core:Non-currentFinancialInstruments 2025-07-31 03611139 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 03611139 core:FurnitureFittingsToolsEquipment 2025-07-31 03611139 bus:SmallEntities 2024-08-01 2025-07-31 03611139 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 03611139 bus:FilletedAccounts 2024-08-01 2025-07-31 03611139 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03611139 bus:RegisteredOffice 2024-08-01 2025-07-31 03611139 bus:Director1 2024-08-01 2025-07-31 03611139 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 03611139 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03611139 core:FurnitureFittings 2024-08-01 2025-07-31 03611139 core:FurnitureFittingsToolsEquipment 2024-08-01 2025-07-31 03611139 core:LeaseholdImprovements 2024-08-01 2025-07-31 03611139 core:OfficeEquipment 2024-08-01 2025-07-31 03611139 core:PlantMachinery 2024-08-01 2025-07-31 03611139 countries:England 2024-08-01 2025-07-31 03611139 2024-07-31 03611139 core:FurnitureFittingsToolsEquipment 2024-07-31 03611139 2023-08-01 2024-07-31 03611139 2024-07-31 03611139 bus:OrdinaryShareClass1 2024-07-31 03611139 core:CurrentFinancialInstruments 2024-07-31 03611139 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03611139 core:Non-currentFinancialInstruments 2024-07-31 03611139 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 03611139 core:FurnitureFittingsToolsEquipment 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03611139

Chris W Roads Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Chris W Roads Limited

(Registration number: 03611139)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,350 | 8,117
Current assets |  |  |
Stocks | 5 | 1,947,660 | 1,897,490
Debtors | 6 | 193,907 | 149,956
Cash at bank and in hand |  | 171,160 | 210,498
|  | 2,312,727 | 2,257,944
Creditors: Amounts falling due within one year | 7 | (1,858,523) | (1,784,109)
Net current assets |  | 454,204 | 473,835
Total assets less current liabilities |  | 461,554 | 481,952
Creditors: Amounts falling due after more than one year | 7 | (16,334) | (65,333)
Provisions for liabilities |  | (21,396) | (11,543)
Net assets |  | 423,824 | 405,076
Capital and reserves |  |  |
Called up share capital | 9 | 20,000 | 20,000
Retained earnings |  | 403,824 | 385,076
Shareholders' funds |  | 423,824 | 405,076

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 April 2026 and signed on its behalf by:

......................................... Anthony Annison Director

Chris W Roads Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brittain Drive
Codnor Gate
Industrial Estate
Ripley
Derbyshire
DE5 3NB

These financial statements were authorised for issue by the Board on 9 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Chris W Roads Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% straight line
Fixtures and fittings | 25% straight line
Office equipment | 25% straight line
Leasehold improvements | 5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Chris W Roads Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 18).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 124,602 | 124,602
Additions | 3,030 | 3,030
At 31 July 2025 | 127,632 | 127,632
Depreciation
At 1 August 2024 | 116,483 | 116,483
Charge for the year | 3,799 | 3,799
At 31 July 2025 | 120,282 | 120,282
Carrying amount
At 31 July 2025 | 7,350 | 7,350
At 31 July 2024 | 8,117 | 8,117

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,947,660 | 1,897,490

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 13,762 | 29,100
Prepayments | 28,563 | 18,666
Other debtors | 151,582 | 102,190
| 193,907 | 149,956

Chris W Roads Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 1,161,592 | 1,148,928
Trade creditors |  | 88,863 | 131,510
Taxation and social security |  | 73,654 | 61,475
Accruals and deferred income |  | 900 | 900
Other creditors |  | 533,514 | 441,296
|  | 1,858,523 | 1,784,109

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 16,334 | 65,333

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 16,334 | 65,333

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,161,592 | 1,148,928

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 20,000 | 20,000 | 20,000 | 20,000