REGISTERED NUMBER: 13743356 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

CALLOW GAS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A M Callow

Mrs H L Needham

J D Callow

REGISTERED OFFICE:

Severn House

Sandy Lane Industrial Estate

Stourport-On-Severn

DY13 9QB

REGISTERED NUMBER:

13743356 (England and Wales)

AUDITORS:

French Ludlam & Co Limited

Statutory Auditors and Accountants

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

FIXED ASSETS

Intangible assets

4

3,463,062

3,924,804

Tangible assets

5

2,033,808

2,104,514

5,496,870

6,029,318

CURRENT ASSETS

Stocks

149,903

164,180

Debtors

6

2,745,242

3,132,510

Investments

7

318,319

265,243

Cash at bank and in hand

3,736,454

2,374,487

6,949,918

5,936,420

CREDITORS

Amounts falling due within one year

8

3,657,713

3,008,430

NET CURRENT ASSETS

3,292,205

2,927,990

TOTAL ASSETS LESS CURRENT LIABILITIES

8,789,075

8,957,308

PROVISIONS FOR LIABILITIES

319,349

305,055

NET ASSETS

8,469,726

8,652,253

CAPITAL AND RESERVES

Called up share capital

8,769,566

8,769,566

Retained earnings

(299,840

)

(117,313

)

8,469,726

8,652,253

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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2026 and were signed on its behalf by:

J D Callow - Director

1.	STATUTORY INFORMATION

Callow Gas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements in determining the carrying amounts of assets and liabilities. The directors' judgements are based on the best and most reliable evidence available at the time when the decisions are, made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, the actual results and outcomes may differ.

Critical judgements in applying the company's accounting policies

The directors have not made any material judgements or estimations in the process of applying the company's accounting policies.

Revenue

Revenue from the sale of goods is recognised when the company has transferred the risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed payment. Revenue is shown net of discounts, rebates, value added tax and other sales tax.

Revenue is recognised when the goods are delivered to or collected by the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

33% on reducing balance

No depreciation has been charged on freehold property as the estimated remaining useful economic life of the property exceeds 50 years and a continuous policy of renewal and maintenance is undertaken. A full review of the impairment of freehold property has been completed at the end of the accounting period with no adjustments being considered necessary to the value at which the property is shown in the financial statements. Freehold land is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is based on the cost of purchase on a first in, first out basis

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Current asset investments comprise of investments in quoted shares which are measured at fair value. Any changes in fair value are recognised in profit or loss in the period that they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 30th September 2025

4,617,417

AMORTISATION

At 1st October 2024

692,613

Charge for year

461,742

At 30th September 2025

1,154,355

NET BOOK VALUE

At 30th September 2025

3,463,062

At 30th September 2024

3,924,804

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st October 2024

487,569

2,043,031

2,530,600

Additions

-

291,300

291,300

Disposals

-

(70,191

)

(70,191

)

At 30th September 2025

487,569

2,264,140

2,751,709

DEPRECIATION

At 1st October 2024

-

426,086

426,086

Charge for year

-

293,942

293,942

Eliminated on disposal

-

(2,127

)

(2,127

)

At 30th September 2025

-

717,901

717,901

NET BOOK VALUE

At 30th September 2025

487,569

1,546,239

2,033,808

At 30th September 2024

487,569

1,616,945

2,104,514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

364,087

449,187

Other debtors

2,381,155

2,683,323

2,745,242

3,132,510

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

318,319

265,243

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

793,318

986,218

Taxation and social security

371,588

320,836

Other creditors

2,492,807

1,701,376

3,657,713

3,008,430

9.	SECURED DEBTS

Any potential bank borrowings are secured by a debenture over all assets of the company.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen B Ludlam (Senior Statutory Auditor)

for and on behalf of French Ludlam & Co Limited

11.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

126,636

156,993

12.	RELATED PARTY DISCLOSURES

The directors are also directors of Hingley & Callow Oils Limited, a company which formerly owned 100% of the share capital of Callow Gas Limited. At 30th September 2025, Hingley & Callow Oils Limited owed Callow Gas Limited £2,274,796 (2024 £2,584,091). The loan carries no interest and is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Callow Gas Holdings Limited.

The ultimate controlling party is Mrs A M Callow.

The registered address of Callow Gas Holdings Limited is Severn House, Sandy Lane Industrial Estate, Stourport-On-Severn DY13 9QB.

Copies of the unconsolidated financial statements in respect of Callow Gas Holdings Limited can be obtained from the Registrar of Companies (England and Wales), Companies House, Crown Way, Cardiff CF14 3UZ.