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Chilworth Timber Company Ltd
Filleted accounts
31 December 2025
Company registration number: 09013384
Chilworth Timber Company Ltd
Directors and other information

| Directors | R Wilbore
|  | P Wren
|  | S Rendell
| Company number | 09013384
| Registered office | The Old Dairy
|  | 12 Stephen Road
|  | Headington
|  | Oxford
|  | OX3 9AY
| Accountants | Cox Hinkins & Co. Limited
|  | Accountants and Taxation Advisors
|  | The Old Dairy
|  | 12 Stephen Road
|  | Headington
|  | Oxford
|  | OX3 9AY

Chilworth Timber Company Ltd
Balance sheet
31st December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 683,190 |  |  |  | 617,074 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 683,190 |  |  |  | 617,074
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 846,086 |  |  |  | 750,836 |  |
Debtors |  | 6 | 1,104,611 |  |  |  | 1,119,904 |  |
Cash at bank and in hand |  |  | 1,298,853 |  |  |  | 1,097,807 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 3,249,550 |  |  |  | 2,968,547 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 2,080,565) |  |  |  | ( 1,824,302) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 1,168,985 |  |  |  | 1,144,245
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,852,175 |  |  |  | 1,761,319
Provisions for liabilities |  | 8 |  |  | ( 170,798) |  |  |  | ( 154,269)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,681,377 |  |  |  | 1,607,050
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  | 3 |  |  |  | 3
Profit and loss account |  |  |  |  | 1,681,374 |  |  |  | 1,607,047
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 1,681,377 |  |  |  | 1,607,050
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 April 2026 , and are signed on behalf of the board by:
R Wilbore
Director
Company registration number: 09013384
Chilworth Timber Company Ltd
Notes to the financial statements
Year ended 31st December 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of timber merchants .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
General information and basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold properties | - | Straight line basis over the life of the lease |
| Plant and machinery | - | Reducing balance basis at 15% per annum |
| Computer/office equipment | - | Straight line basis over 3 years/reducing balance basis at 25% per annum |

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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 at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.
Hire purchase and finance leases
Assets held under finance leases 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.
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 Balance sheet and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2024: 14 ).
5. Tangible assets

|  | Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1st January 2025 | 22,744 | 650,048 | 44,874 | 318,168 | 1,035,834 |  |
| Additions | - | 238,000 | 4,398 | - | 242,398 |  |
| Disposals | - | ( 161,715) | - | - | ( 161,715) |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31st December 2025 | 22,744 | 726,333 | 49,272 | 318,168 | 1,116,517 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 1st January 2025 | 22,744 | 273,401 | 33,877 | 88,738 | 418,760 |  |
| Charge for the year | - | 60,893 | 3,746 | 57,359 | 121,998 |  |
| Disposals | - | ( 107,431) | - | - | ( 107,431) |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31st December 2025 | 22,744 | 226,863 | 37,623 | 146,097 | 433,327 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 31st December 2025 | - | 499,470 | 11,649 | 172,071 | 683,190 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31st December 2024 | - | 376,647 | 10,997 | 229,430 | 617,074 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 1,087,148 | 1,111,121
| Other debtors |  | 17,463 | 8,783
|  |  | _______ | _______
|  |  | 1,104,611 | 1,119,904
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 1,264,880 | 1,246,236
| Social security and other taxes |  | 456,961 | 340,282
| Other creditors |  | 358,724 | 237,784
|  |  | _______ | _______
|  |  | 2,080,565 | 1,824,302
|  |  | _______ | _______

8. Provisions

|  | Deferred tax (note 9) | Total |  |  |
|  | £ | £ |  |  |
| At 1st January 2025 | 154,269 | 154,269 |  |  |
| Additions | 16,529 | 16,529 |  |  |
|  | _______ | _______ |  |  |
| At 31st December 2025 | 170,798 | 170,798 |  |  |
|  | _______ | _______ |  |  |

9. Deferred tax
The deferred tax included in the Balance sheet is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in provisions (note 8) |  | 170,798 | 154,269
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | 170,798 | 154,269
|  |  | _______ | _______

10. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 3 |  | 3 |  | 3 |  | 3
|  |  | _______ |  | _______ |  | _______ |  | _______