1.
General Information
C.W.B.G Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08261788
. The registered office is Wellfield Sawmills King Street, Leyland, Preston, Lancashire, PR25 2LE.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2.
Basis Of Consolidation
The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 October 2025.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.
Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.
Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.
Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.
Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.3.
Business Combinations
Business combinations are accounted for by applying the purchase method.
The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.
Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.
On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.
2.4.
Financial Reporting Standard 102 - Reduced Disclosure Exemptions
The parent company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
-
the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
-
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
-
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30;
2.5.
Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the group and parent company's ability to continue as a going concern.
2.6.
Significant judgements and estimations
2.6.
Significant judgements and estimations - continued
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements and estimations that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
- The estimated useful life of the tangible fixed assets and the depreciation rates used thereon.
- The valuation of investment property.
- The net realisable value of slow moving stock.
...CONTINUED
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
- The recoverability of the debtors.
- Rebates receivable are determined using established methodologies and are only recognised in the profit and loss where any related performance conditions have been met. Rebate agreements normally cover the calendar year, therefore requiring estimation of rebates receivable at the year end. Where estimation is used in the calculation of rebates receivable it is done on a consistent and prudent basis and having regard to rebates actually received after year end.
2.7.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.8.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Leasehold |
|
| Plant and Equipment |
|
| Motor Vehicles |
|
| Computer Equipment |
|
No depreciation is provided on freehold land.
2.9.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Properties rented to another group member are accounted for under property, plant and equipment and applying the cost model in accordance with FRS 102 Section 17.
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.10.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.11.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.12.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
2.13.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.14.
Pensions
The group operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.15.
Operating Leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Lease income is recognised in profit or loss on a straight line basis over the lease term.
3.
Turnover
Analysis of turnover by class of business is as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
|
|
|
|
|
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
4.
Other Operating Income
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Rental income |
|
|
|
| Other operating income |
|
|
|
| 578,693 | 561,954 | ||
5.
Operating Profit
The operating profit is stated after charging:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 33,796 | 49,179 | |
| Operating lease rentals |
|
|
|
| Depreciation of tangible fixed assets |
|
|
|
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
6.
Auditor's Remuneration
Remuneration received by the group's auditors and their associates during the year was as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the group and company's financial statements |
|
|
|
| Other Services | |||
| Other non-audit services |
|
|
|
7.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
The number of employees below has not been analysed into categories because, in the directors' opinion, this would not be practicable because of the nature and variety of work performed by individual employees.
8.
Average Number of Employees
Group
Average number of employees, including directors, during the year was: 244 (2024: 248)
Company
Average number of employees, including directors, during the year was: 1 (2024: 2)
9.
Director's remuneration
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
The number of directors to whom retirement benefits were accruing was as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| Money purchase pension schemes |
|
|
|
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
10.
Interest Receivable and Similar Income
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
|
|
|
| Corporation tax interest | 8,484 | - | |
| 1,011,846 | 1,089,867 | ||
11.
Interest Payable and Similar Charges
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax interest payable | - |
|
|
12.
Tax on Profit
The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 | 2024 | |||
|---|---|---|---|---|---|
| 2025 | 2024 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
|
|||
| Total tax charge for the period |
|
|
|||
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 5,407,230 | 5,158,921 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
( |
( |
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Capital allowances |
|
|
|||
| Short term timing differences |
( |
( |
|||
| Total tax charge for the period | 1,382,857 | 1,321,859 | |||
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
13.
Tangible Assets
Group
Company
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Leasehold | Investment Properties | Plant and Equipment | |
| £ | £ | £ | £ | |
| Cost or Valuation | ||||
| As at 1 November 2024 |
|
|
|
|
| Additions |
|
|
|
|
| Disposals |
|
|
|
( |
| As at 31 October 2025 |
|
|
|
|
| Depreciation | ||||
| As at 1 November 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| Disposals |
|
|
|
( |
| As at 31 October 2025 |
|
|
|
|
| Net Book Value | ||||
| As at 31 October 2025 |
|
|
|
|
| As at 1 November 2024 |
|
|
|
|
| Motor Vehicles | Total | |
|---|---|---|
| £ | £ | |
| Cost or Valuation | ||
| As at 1 November 2024 |
|
|
| Additions |
|
|
| Disposals |
( |
( |
| As at 31 October 2025 |
|
|
| Depreciation | ||
| As at 1 November 2024 |
|
|
| Provided during the period |
|
|
| Disposals |
( |
( |
| As at 31 October 2025 |
|
|
| Net Book Value | ||
| As at 31 October 2025 |
|
|
| As at 1 November 2024 |
|
|
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
The directors believe the fair value of the investment property at 31st October 2025 is equivalent to the original cost and have therefore not obtained an independent valuation.
Included in the above is land amounting to £2,900,891 (2024 - £2,900,891) which has not been depreciated.
Property rented to another group member is accounted for under property, plant and equipment and applying the cost model in accordance with FRS 102 Section 17. Had the freehold land and buildings been carried at historical cost (£4,763,219) less depreciation (£1,053,579) the carrying amount would have been £3,709,640.
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Investment Properties | Plant and Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 November 2024 |
|
|
|
|
| Additions |
|
|
|
|
| As at 31 October 2025 |
|
|
|
|
| Depreciation | ||||
| As at 1 November 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 October 2025 |
|
|
|
|
| Net Book Value | ||||
| As at 31 October 2025 |
|
|
|
|
| As at 1 November 2024 |
|
|
|
|
The directors believe the fair value of the investment property at 31st October 2025 is equivalent to the original cost and have therefore not obtained an independent valuation.
Included in the above is land amounting to £2,702,909 (2024 - £2,702,909) which has not been depreciated.
Property rented to another group member is accounted for under property, plant and equipment and applying the cost model in accordance with FRS 102 Section 17.
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
14.
Investments
Company
| Subsidiaries | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 November 2024 |
|
| As at 31 October 2025 |
|
| Provision | |
| As at 1 November 2024 |
|
| As at 31 October 2025 |
|
| Net Book Value | |
| As at 31 October 2025 |
|
| As at 1 November 2024 |
|
Investments in subsidiary undertakings as at 31st October 2025 were as follows:
|
Subsidiary undertaking
|
Holding
|
Proportion Held
|
Nature of business
|
|
C&W Berry Limited
|
Ordinary shares
|
100%
|
Builder's merchants
|
|
C&W Berry Commercial Finance Limited
|
Ordinary shares
|
100%
|
Finance company
|
The subsidiary undertakings are included in the consolidated accounts. The registered office and place of business addresses being Wellfield Sawmills, King Street, Leyland, PR25 2LE.
15.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
|
|
|
| Other |
|
|
|
|
|
|
||
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
16.
Debtors
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Other debtors |
|
|
|
|
|||
| Amount owed by related party |
|
|
|
|
|||
| Other taxes and social security | - |
|
- | - | |||
| Amounts owed by group undertakings | - | - |
|
|
|||
|
|
|
|
|
||||
17.
Creditors: Amounts Falling Due Within One Year
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
|
|
|
|
|||
| Corporation tax |
|
|
|
|
|||
| Other taxes and social security |
|
- |
|
|
|||
| Other creditors |
|
|
|
|
|||
| Accruals and deferred income |
|
|
|
|
|||
| Amounts owed to subsidiaries | - | - |
|
|
|||
|
|
|
|
|
||||
18.
Deferred Taxation
The provision for deferred tax is made up as follows:
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Accelerated capital allowances |
|
|
|
|
|||
| Other timing differences | (16,400) | (11,300) | - | - | |||
|
|
|
|
|
||||
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
19.
Provisions for Liabilities
| Group | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 November 2024 |
|
526,000 |
| Deferred taxation |
|
|
| Balance at 31 October 2025 |
|
570,100 |
| Company | ||
|---|---|---|
| Deferred Tax | Total | |
| £ | £ | |
| As at 1 November 2024 |
|
4,200 |
| Deferred taxation |
( |
( |
| Balance at 31 October 2025 |
|
4,100 |
21.
Capital Commitments
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| At the end of the period |
|
|
|
|
|||
At the end of the period, the group had the above capital commitments contracted for but not provided in these financial statements.
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
22.
Other Commitments
As lessee
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
| Later than five years |
|
|
|
|
|
|
||
As lessor
The total of future minimum lease payments receivable under non-cancellable operating leases are as following:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Not later than one year
|
333,806
|
348,724
|
|
|
Later than one year and not later than five years
|
370,929
|
661,561
|
|
|
Later than five years
|
-
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
-
|
|
|
704,735
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
1,010,285
|
23.
Pension Commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £331,643 (2024: £364,931).
At the balance sheet date contributions of £122,664 (2024: £103,603) were due to the fund and are included in creditors.
24.
Dividends
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|
C.W.B.G Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
25.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs.
Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company.
Revaluation reserve - This reserve records the value of asset revaluations and fair value movement on assets. In accordance with paragraph 16.4A of FRS 102 the company has elected to account for property rented to other group companies under property, plant and equipment and to apply the cost model in accordance with FRS 102 Section 17. It has further elected to use the fair value of its intra-group investment property as its deemed cost. As a result the gains have been presented within the revaluation reserve.
26.
Post Balance Sheet Events
On 25th November 2025 the company purchased 692 of its own shares at market value.
On 2nd April 2026 C & W Berry Trading Limited became a wholly owned subsidiary of C.W.B.G. Limited.
27.
Related Party Disclosures
C & W Berry Trading Limited
This company is a related party by virtue of the fact the two companies have the following common director:
Mr. D. J. Berry
The debtor balance of £10,017,621 owed by this company was repaid in November 2025.
28.
Controlling Parties
The company is controlled by Mr. D. J. Berry.