Churnet Valley Garden Furniture Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11046233

Churnet Valley Garden Furniture Limited

Filleted Unaudited Financial Statements

31 October 2025

Churnet Valley Garden Furniture Limited

Financial Statements

Year ended 31 October 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 8

Churnet Valley Garden Furniture Limited

Balance Sheet

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	299,253	245,800

Current assets

Stocks		198,850	180,000
Debtors	6	654,121	408,229
Cash at bank and in hand		260,488	489,640
		------------	------------
		1,113,459	1,077,869

Creditors: amounts falling due within one year	7	436,640	353,774
		------------	------------
Net current assets		676,819	724,095
		---------	---------
Total assets less current liabilities		976,072	969,895

Creditors: amounts falling due after more than one year	8	268,919	217,566

Provisions	56,858	51,618
	---------	---------
Net assets	650,295	700,711
	---------	---------

Capital and reserves

Called up share capital	16	16
Profit and loss account	650,279	700,695
	---------	---------
Shareholders funds	650,295	700,711
	---------	---------

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 and loss has not been delivered.

For the year ending 31 October 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 .

Churnet Valley Garden Furniture Limited

Balance Sheet (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 8 June 2026 , and are signed on behalf of the board by:

Mr L Ellis

Director

Company registration number: 11046233

Churnet Valley Garden Furniture Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Belle Vue Mill, Belle Vue Road, Leek, Staffordshire, ST13 8EP. The company registration number is 11046233 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Operating leases

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	20% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	10% straight line
Motor vehicles	-	20% straight line
Computer equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 63 (2024: 53 ).

5. Tangible assets

	Improvements to freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2024	4,747	208,016	5,267	263,500	10,772	492,302
Additions	–	188,347	–	–	11,942	200,289
	-------	---------	-------	---------	--------	---------
At 31 Oct 2025	4,747	396,363	5,267	263,500	22,714	692,591
	-------	---------	-------	---------	--------	---------
Depreciation
At 1 Nov 2024	3,798	92,937	2,107	138,709	8,951	246,502
Charge for the year	949	79,272	526	61,098	4,991	146,836
	-------	---------	-------	---------	--------	---------
At 31 Oct 2025	4,747	172,209	2,633	199,807	13,942	393,338
	-------	---------	-------	---------	--------	---------
Carrying amount
At 31 Oct 2025	–	224,154	2,634	63,693	8,772	299,253
	-------	---------	-------	---------	--------	---------
At 31 Oct 2024	949	115,079	3,160	124,791	1,821	245,800
	-------	---------	-------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	309,912	359,420
Amounts owed by group undertakings and undertakings in which the company has a participating interest	315,570	–
Other debtors	28,639	48,809
	---------	---------
	654,121	408,229
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,290	10,071
Trade creditors	281,960	210,150
Corporation tax	5,685	13,883
Social security and other taxes	19,144	24,013
Other creditors	119,561	95,657
	---------	---------
	436,640	353,774
	---------	---------

Hire purchase liabilities of £68,780 (2024 - £65,967) are secured against the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,253	16,543
Other creditors	262,666	201,023
	---------	---------
	268,919	217,566
	---------	---------

Hire purchase liabilities of £262,666 (2024 - £201,023) are secured against the assets to which they relate.

The bank loan in favour of HSBC Bank Plc is unsecured.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	41,839	136,300
Later than 1 year and not later than 5 years	76,490	22,717
Later than 5 years	285,244	–
	---------	---------
	403,573	159,017
	---------	---------