Company No: 05847925 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	40,299		22,177
Tangible assets	4	311,900		346,565
Investments	5	100		100
		352,299		368,842
Current assets
Stocks		175,489		180,295
Debtors
- due within one year	6	350,192		438,391
- due after more than one year	6	396,394		275,667
Cash at bank and in hand		160,303		254,619
		1,082,378		1,148,972
Creditors: amounts falling due within one year	7	( 610,595)		( 714,889)
Net current assets		471,783		434,083
Total assets less current liabilities		824,082		802,925
Creditors: amounts falling due after more than one year	8	( 16,052)		( 45,254)
Provision for liabilities		( 71,900)		( 62,000)
Net assets		736,130		695,671
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		736,129		695,670
Total shareholders' funds		736,130		695,671

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Chunk of Devon Limited (registered number: 05847925) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

Mr S A Bryon Edmond Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chunk of Devon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 4-5 Alansway, Finnimore Ind Est, Ottery St Mary, EX11 1NR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Development costs	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	5 - 10 years straight line
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	48		51

3. Intangible assets

	Goodwill		Development costs		Total
	£		£		£
Cost
At 01 October 2024	39,191		85,215		124,406
Additions	0		26,002		26,002
At 30 September 2025	39,191		111,217		150,408
Accumulated amortisation
At 01 October 2024	39,191		63,038		102,229
Charge for the financial year	0		7,880		7,880
At 30 September 2025	39,191		70,918		110,109
Net book value
At 30 September 2025	0		40,299		40,299
At 30 September 2024	0		22,177		22,177

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 October 2024	124,624		661,450		116,434		902,508
Additions	11,136		22,916		24,811		58,863
Disposals	0		0		( 5,500)		( 5,500)
At 30 September 2025	135,760		684,366		135,745		955,871
Accumulated depreciation
At 01 October 2024	106,198		374,054		75,691		555,943
Charge for the financial year	6,109		70,555		12,913		89,577
Disposals	0		0		( 1,549)		( 1,549)
At 30 September 2025	112,307		444,609		87,055		643,971
Net book value
At 30 September 2025	23,453		239,757		48,690		311,900
At 30 September 2024	18,426		287,396		40,743		346,565

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 October 2024	100
At 30 September 2025	100
Carrying value at 30 September 2025	100
Carrying value at 30 September 2024	100

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	298,257		362,294
Prepayments and accrued income	30,233		45,322
VAT recoverable	10,202		13,024
Other debtors	11,500		17,751
	350,192		438,391
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	396,394		275,667

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	41,312		49,714
Trade creditors	315,640		377,874
Accruals	139,428		175,840
Taxation and social security	28,359		20,042
Obligations under finance leases and hire purchase contracts	4,816		0
Other creditors	81,040		91,419
	610,595		714,889

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

	2025		2024
	£		£
Bank loans (secured)	2,788		45,254
Obligations under finance leases and hire purchase contracts	13,264		0
	16,052		45,254

Included in the total bank borrowings at the year end is £20,100 (2024: £62,968) on which security has been provided by legal charges over a freehold property and a personal guarantee by the director.

Included in the total bank borrowings at the year end is £32,000 (2024: £32,000) on which security has been provided by the government.

Included in finance leases and hire purchase contracts at the year end is £13,264 (2024: £Nil) on which the full amount is secured over the assets.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 0.01 each	1		1

10. Financial commitments

Commitments

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

	2025		2024
	£		£
Within one year	64,771		64,771
Between one and five years	239,240		245,346
After five years	205,328		263,993
Total future minimum lease payments under non-cancellable operating leases	509,339		574,110

11. Related party transactions

Other related party transactions

	2025		2024
	£		£
Loan due from subsidiary undertaking	396,394		275,667

No interest has been charged on this balance and there are no fixed dates for repayment.