Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-312025-12-31false2025-01-0153false63falsefalse 01255039 2025-01-01 2025-12-31 01255039 2024-01-01 2024-12-31 01255039 2025-12-31 01255039 2024-12-31 01255039 2024-01-01 01255039 c:Director1 2025-01-01 2025-12-31 01255039 c:Director2 2025-01-01 2025-12-31 01255039 c:Director2 2025-12-31 01255039 c:Director3 2025-01-01 2025-12-31 01255039 c:Director4 2025-01-01 2025-12-31 01255039 c:RegisteredOffice 2025-01-01 2025-12-31 01255039 c:Agent1 2025-01-01 2025-12-31 01255039 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 01255039 d:Buildings d:LongLeaseholdAssets 2025-12-31 01255039 d:Buildings d:LongLeaseholdAssets 2024-12-31 01255039 d:PlantMachinery 2025-01-01 2025-12-31 01255039 d:PlantMachinery 2025-12-31 01255039 d:PlantMachinery 2024-12-31 01255039 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01255039 d:MotorVehicles 2025-01-01 2025-12-31 01255039 d:MotorVehicles 2025-12-31 01255039 d:MotorVehicles 2024-12-31 01255039 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01255039 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01255039 d:CurrentFinancialInstruments 2025-12-31 01255039 d:CurrentFinancialInstruments 2024-12-31 01255039 d:Non-currentFinancialInstruments 2025-12-31 01255039 d:Non-currentFinancialInstruments 2024-12-31 01255039 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01255039 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01255039 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 01255039 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01255039 d:ReportableOperatingSegment1 2025-01-01 2025-12-31 01255039 d:ReportableOperatingSegment1 2024-01-01 2024-12-31 01255039 d:UKTax 2025-01-01 2025-12-31 01255039 d:UKTax 2024-01-01 2024-12-31 01255039 d:ShareCapital 2025-12-31 01255039 d:ShareCapital 2024-12-31 01255039 d:ShareCapital 2024-01-01 01255039 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01255039 d:RetainedEarningsAccumulatedLosses 2025-12-31 01255039 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01255039 d:RetainedEarningsAccumulatedLosses 2024-12-31 01255039 d:RetainedEarningsAccumulatedLosses 2024-01-01 01255039 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 01255039 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01255039 c:OrdinaryShareClass1 2025-01-01 2025-12-31 01255039 c:OrdinaryShareClass1 2025-12-31 01255039 c:OrdinaryShareClass1 2024-12-31 01255039 c:OrdinaryShareClass2 2025-01-01 2025-12-31 01255039 c:OrdinaryShareClass2 2025-12-31 01255039 c:OrdinaryShareClass2 2024-12-31 01255039 c:FRS102 2025-01-01 2025-12-31 01255039 c:Audited 2025-01-01 2025-12-31 01255039 c:FullAccounts 2025-01-01 2025-12-31 01255039 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01255039 d:WithinOneYear 2025-12-31 01255039 d:WithinOneYear 2024-12-31 01255039 d:BetweenOneFiveYears 2025-12-31 01255039 d:BetweenOneFiveYears 2024-12-31 01255039 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 01255039 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 01255039 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 01255039 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 01255039 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-12-31 01255039 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 01255039 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01255039










CHAMBERLAIN DOORS LTD.










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

 
CHAMBERLAIN DOORS LTD.
 

COMPANY INFORMATION


Directors
Miss K W Diggle 
Mr G A Brooks 
Mr J P Hampson 




Registered number
01255039



Registered office
Carlyle House
78 Chorley New Road

Bolton




Auditors
AAB Audit & Accountancy Limited

Carlyle House

78 Chorley New Road

Bolton




Bankers
Svenska Handelsbanken AB
6 The Courtyard

Calvin Street

Bolton




Solicitors
KBL Solicitors LLP
New Mansion House

63-65 Chorley New Road

Bolton





 
CHAMBERLAIN DOORS LTD.
 

CONTENTS



Page
Strategic Report
1
Directors' Report
2
Directors' Responsibilities Statement
3
Independent Auditors' Report
4 - 7
Profit and Loss Account
8
Balance Sheet
9
Statement of Changes in Equity
10
Notes to the Financial Statements
11 - 24


 
CHAMBERLAIN DOORS LTD.
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

Business review
 
Despite mitigating factors and the challenge of working in the UK Construction industry in an economy which has been struggling to show any signs of growth and consistency the company successfully negotiated its 51st year in business and returned positive variances in major KPIs.

Turnover increased by over 5% compared with 2024 and reversed the decline seen over 2023 and gross profit level percentages were maintained.  Cost controls and strong budgetary management held spending in line with expectations and resisted inflationary pressures.

Net current assets and profit and loss reserves both increased in the year and the company’s balance sheet recorded a year end position in excess of £1.6m.

Development and performance
 
Whilst the company continues to assess future opportunities and aligned diversification, the directors ensure that staff remain focused on its core activities and key company drivers including service levels and excellent customer response. Relationships with key customers and suppliers remain positive and whilst recruitment continues to be a challenging and difficult environment the loyalty, commitment and knowledge of many long term staff continues to underpin the efficiency and  success and viability of the company.

We are particularly pleased to report that this year the assets of the Furness group including Chamberlain Doors were successfully transferred into an Employee Ownership Trust with all the respective future benefits for all the company’s employees which this structure provides. Whilst the existing director and management structure has not changed the longer-term benefits which this type of structure provides for all employees is evident and not least the Trust represents recognition of a significant legacy for Roy Chamberlain who started the company in 1974 and who was always 100% employee focused.

The company has continued to invest in its assets and future. The upstairs office accommodation refurbishment and modernisation was completed in the spring and there are further plans to move to the final phase of the office revamp.

Investment in the company’s fleet of vehicles has continued to plan and during 2025 a new livery and colour scheme for both our distribution and installation vehicles was introduced. Further vehicle replacements are planned for 2026 with orders already placed with our respective providers. We were particularly proud to be included in the IVECO Legacy publication which recognises key customer contributors to their presence and success in the UK over the last fifty years. A clear recognition of our loyalty to the brand but also consistent and ongoing development of our commercial fleet over many years with a valued service provider.

Investment and progress with our systems and planning software was halted whilst the directors concentrated on the company restructure but there will be a renewed emphasis on this in 2026 with consideration as to how AI can improve efficiencies in all areas of the business.


This report was approved by the board on 7 July 2026 and signed on its behalf.



................................................
Miss K W Diggle
Director

Page 1

 
CHAMBERLAIN DOORS LTD.
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal activity

Chamberlain Doors Ltd is a major independent supplier and distributor of garage doors and accessories, operating from its head office and central distribution centre at Blackrod, Bolton on a national basis throughout the UK. Products are sourced from the UK, Europe and the USA whilst sales are spread evenly across a broad section of the residential housing market. There is no adverse reliance on any sector of the market.

Results and dividends

The profit for the year, after taxation, amounted to £231,496 (2024 - £149,728).

Ordinary dividends were paid amounting to £15,000. The directors do not recommend payment of a final dividend.

Directors

The directors who served during the year were:

Miss K W Diggle 
Mr D Blakey (resigned 15 April 2026)
Mr G A Brooks 
Mr J P Hampson 

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company's auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company's auditor is aware of that information.


Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

Auditors

The auditorsAAB Audit & Accountancy Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Miss K W Diggle
Director

Date: 7 July 2026

Page 2

 
CHAMBERLAIN DOORS LTD.
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give
a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent; and


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

 
CHAMBERLAIN DOORS LTD.
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHAMBERLAIN DOORS LTD.
 

Opinion


We have audited the financial statements of Chamberlain Doors Ltd (the 'company') for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Statement of Changes in Equity, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
CHAMBERLAIN DOORS LTD.
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHAMBERLAIN DOORS LTD. (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
CHAMBERLAIN DOORS LTD.
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHAMBERLAIN DOORS LTD. (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions; and
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.
 
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance; and
enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Page 6

 
CHAMBERLAIN DOORS LTD.
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHAMBERLAIN DOORS LTD. (CONTINUED)



A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Sarah Frith (Senior Statutory Auditor)
  
for and on behalf of
AAB Audit & Accountancy Limited
 
Statutory Auditor
  
Carlyle House
78 Chorley New Road
Bolton

7 July 2026
Page 7

 
CHAMBERLAIN DOORS LTD.
 

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025

2025
2024
Note
£
£

  

Turnover
 4 
11,182,531
10,634,799

Cost of sales
  
(8,324,914)
(7,856,693)

Gross profit
  
2,857,617
2,778,106

Distribution costs
  
(1,186,730)
(1,117,942)

Administrative expenses
  
(1,377,372)
(1,472,594)

Operating profit
 5 
293,515
187,570

Interest receivable and similar income
 8 
33,203
36,337

Interest payable and similar expenses
 9 
(20,252)
(22,745)

Gain/(loss) on investments
  
536
(1,767)

Profit before taxation
  
307,002
199,395

Taxation
 11 
(75,506)
(49,667)

Profit for the financial year
  
231,496
149,728

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There is no other comprehensive income for the year. The total comprehensive income is the profit for the financial year shown above.

Page 8

 
CHAMBERLAIN DOORS LTD.
REGISTERED NUMBER: 01255039

BALANCE SHEET
AS AT 31 DECEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 13 
486,353
435,502

Investments
 14 
16,089
15,553

  
502,442
451,055

Current assets
  

Stocks
 15 
119,685
131,416

Debtors: amounts falling due within one year
 16 
1,915,833
1,743,134

Cash at bank and in hand
  
1,863,729
1,863,170

  
3,899,247
3,737,720

Creditors: amounts falling due within one year
 17 
(2,488,994)
(2,599,154)

Net current assets
  
 
 
1,410,253
 
 
1,138,566

Total assets less current liabilities
  
1,912,695
1,589,621

Creditors: amounts falling due after more than one year
 18 
(150,723)
(43,565)

Provisions for liabilities
  

Deferred tax
 20 
(69,095)
(69,675)

  
 
 
(69,095)
 
 
(69,675)

Net assets
  
1,692,877
1,476,381


Capital and reserves
  

Called up share capital 
 21 
10,000
10,000

Profit and loss account
  
1,682,877
1,466,381

  
1,692,877
1,476,381


These financial statements have been prepared in accordance with the provisions relating to medium-sized companies. 

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2026.




................................................
Miss K W Diggle
Director

The notes on pages 11 to 24 form part of these financial statements.

Page 9

 
CHAMBERLAIN DOORS LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


Balance at 1 January 2024
10,000
1,346,653
1,356,653


Year ended 31 December 2024

Profit and total comprehensive income for the year
-
149,728
149,728

Dividends
-
(30,000)
(30,000)



Balance at 31 December 2024
10,000
1,466,381
1,476,381


Year ended 31 December 2025

Profit and total comprehensive income for the year
-
231,496
231,496

Dividends
-
(15,000)
(15,000)


Balance at 31 December 2025
10,000
1,682,877
1,692,877


Page 10

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.


General information

Chamberlain Doors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Carlyle House, 78 Chorley New Road, Bolton.

2.Accounting policies

 
2.1

Accounting convention

The financial statements have been prepared on the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these are rounded to the nearest £.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel.

Chamberlain Doors Ltd is a wholly owned subsidiary of Furness Holdings Limited and the results of Chamberlain Doors Ltd are consolidated in the financial statements of Furness Holdings Limited. These consolidated financial statements are available from Companies House, Crown Way, Cardiff.

 
2.2

Going concern

At the time of approving the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 11

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales relate taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.


 
2.4

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold land and buildings
-
Straight line over the remainder of the lease
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit and loss.



  
2.5

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

 
2.6

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials. Cost is calculated using the first in, first out method of valuation.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.7

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Page 12

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.


Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Page 13

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Classification of Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities


Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price.                                                                                              
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

  
2.9

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Page 14

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

  
2.10

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

  
2.11

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

  
2.12

Retirement benefits

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

  
2.13

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Page 15

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Supply and distribution of garage doors
11,182,531
10,634,799



5.


Operating profit

Operating profit for the year is stated after charging/(crediting):

2025
2024
£
£

Fees payable to the company's auditor for the audit of the company's financial statements
16,500
14,851

Depreciation of owned tangible fixed assets
132,902
123,827

Depreciation of tangible fixed assets held under finance leases
94,403
160,269

Operating lease charges
304,086
279,023

Profit on disposal of tangible fixed assets
(48,908)
(3,809)

Page 16

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

6.


Employees

Their aggregate remuneration compromised:


2025
2024
£
£

Wages and salaries
1,776,215
1,652,757

Social security costs
182,056
132,006

Pension costs
34,775
33,253

1,993,046
1,818,016


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Administration
10
12



Selling and distribution
53
41

63
53


7.


Directors' remuneration

2025
2024
£
£

Remuneration for qualifying services
142,041
139,440

Company pension contributions to defined contribution pension schemes
3,392
3,339

145,433
142,779


The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).


8.


Interest receivable and similar income

2025
2024
£
£


Dividends received
705
645

Interest on bank deposits
32,498
35,692

33,203
36,337

Page 17

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

9.


Interest payable and similar expenses

2025
2024
£
£


Interest on bank overdrafts and loans
6,899
5,004

Interest on finance leases and hire purchase contracts
13,353
17,741

20,252
22,745


10.


Fair value movement on fixed asset investments

2025
2024
£
£

Fair value gains/(losses) on financial instruments


Change in value of financial assets held at fair value through profit or loss
536
(1,767)


11.


Taxation


2025
2024
£
£

Corporation tax


UK corporation tax on profits for the current period
76,086
84,937


Total current tax
76,086
84,937

Deferred tax


Origination and reversal of timing differences
(580)
(35,270)

Total deferred tax
(580)
(35,270)


Total tax charge
75,506
49,667
Page 18

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
 
11.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%) as set out below:

2025
2024
£
£


Profit before taxation
307,002
199,395


Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
76,751
49,849

Effects of:


Tax effect of expenses that are not deductible in determining taxable profit
2,614
1,127

Permanent capital allowances in excess of depreciation
(1,630)
(1,148)

Dividend income
-
(161)

Group relief
(2,229)
-

Total tax charge for the year
75,506
49,667


12.


Dividends

2025
2024
£
£


Interim paid
15,000
30,000

Page 19

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

13.


Tangible fixed assets


Leasehold land and buildings
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2025
59,134
439,261
1,044,819
1,543,214


Additions
-
39,051
261,188
300,239


Disposals
-
-
(211,195)
(211,195)



At 31 December 2025

59,134
478,312
1,094,812
1,632,258



Depreciation


At 1 January 2025
59,134
304,370
744,208
1,107,712


Charge for the year on owned assets
-
41,546
185,759
227,305


Disposals
-
-
(189,112)
(189,112)



At 31 December 2025

59,134
345,916
740,855
1,145,905



Net book value



At 31 December 2025
-
132,396
353,957
486,353



At 31 December 2024
-
134,891
300,611
435,502

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
306,567
283,285


14.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2025
15,553


Revaluations
536



At 31 December 2025
16,089




Page 20

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

15.


Stocks

2025
2024
£
£

Finished goods and goods for resale
119,685
131,416



16.


Debtors

2025
2024
£
£

Amounts falling due within one year

Trade debtors
1,679,175
1,548,818

Amounts owed by group undertakings
30,000
-

Other debtors
144,908
119,649

Prepayments and accrued income
61,750
74,667

1,915,833
1,743,134



17.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
1,951,949
2,267,515

Amounts owed to group undertakings
-
30,000

Corporation tax
76,086
84,937

Other taxation and social security
38,397
30,488

Obligations under finance leases
110,575
99,753

Other creditors
21,642
5,964

Accruals and deferred income
290,345
80,497

2,488,994
2,599,154



18.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Obligations under finance leases
150,723
43,565

150,723
43,565


Page 21

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

19.


Finance lease obligations


Future minimum lease payments due under finance leases:

2025
2024
£
£


Within one year
110,575
99,753

In two to five years
150,723
43,565

261,298
143,318

Finance lease payments represent rentals payable by the company for certain motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.


20.


Deferred taxation




2025
2024


£

£




Movements in the year:


At beginning of year
(69,675)
(104,945)


Charged to profit or loss
580
35,270



At end of year
(69,095)
(69,675)

The deferred tax balance is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(69,095)
(69,675)

Comprising:

Liability
69,095
69,675


Page 22

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

21.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



9,500 (2024 - 9,500) Ordinary shares shares of £1.00 each
9,500
9,500
500 (2024 - 500) A Ordinary shares shares of £1.00 each
500
500

10,000

10,000


The holders of ordinary shares are entitled to receive dividends and are entitled to one vote per share at
meetings of the Company. All ordinary shares rank equally with regard to the Company's residual assets.


22.


Retirement benefit schemes

2025
2024
£
£

Defined contribution schemes


Charge to profit or loss in respect of defined contribution schemes
34,775
33,253

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.


23.


Operating lease commitments

Lessee
Operating lease payments represent rentals payable by the company for certain of its properties and motor vehicles. Leases are negotiated for an average term of 3 years and rentals are fixed for this period.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£


Within one year
66,980
67,571

Between two and five years
33,842
58,393

100,822
125,964


24.


Related party transactions

During the year the company entered into the following transactions with related parties:

Land and buildings at Scot Lane, Blackrod, are leased from the directors' pension fund at an annual rent of £184,050 (2024: £184,744). There was no balance outstanding at the year end (2024: £Nil).

Page 23

 
CHAMBERLAIN DOORS LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

25.


Controlling party

The company is a subsidiary of Furness Holdings Limited, a company incorporated in England and Wales.  Its registered office is Carlyle House, 78 Chorley New Road, Bolton.

 Furness Holdings Limited prepares group financial statements and copies can be obtained from        Companies House, Crown Way, Maindy, Cardiff.

The ultimate controlling party is an Employee Ownership Trust which owns 100% of the Furness Holdings   Group.

Page 24