Chave And Jackson Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01097232

Chave And Jackson Limited

Filleted Unaudited Financial Statements

For the year ended

31 October 2025

Chave And Jackson Limited

Officers and Professional Advisers

The board of directors	Mr I J Shackleton
	Mr G J Shackleton

Company secretary	Mr I J Shackleton

Registered office	1 Nevill Street
	Abergavenny
	Gwent
	Wales
	NP7 5AA

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Lloyds Bank Plc
	54-55 Cross Street
	Abergavenny
	Monmouthshire
	NP7 5HB

Chave And Jackson Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Chave And Jackson Limited

Year ended 31 October 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

6 July 2026

Chave And Jackson Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,407,993	1,416,623

Current assets

Stocks		366,237	371,244
Debtors	6	1,164,476	1,077,656
Cash at bank and in hand		2,732	94,531
		------------	------------
		1,533,445	1,543,431

Creditors: amounts falling due within one year	7	364,377		462,041
		------------		------------
Net current assets			1,169,068	1,081,390
			------------	------------
Total assets less current liabilities			2,577,061	2,498,013

Creditors: amounts falling due after more than one year	8		–	6,667

Provisions

Taxation including deferred tax	2,498	4,389
	------------	------------
Net assets	2,574,563	2,486,957
	------------	------------

Capital and reserves

Called up share capital	14,468	14,468
Profit and loss account	2,560,095	2,472,489
	------------	------------
Shareholders funds	2,574,563	2,486,957
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Chave And Jackson Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 6 July 2026 , and are signed on behalf of the board by:

Mr I J Shackleton	Mr G J Shackleton
Director	Director

Company registration number: 01097232

Chave And Jackson Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Nevill Street, Abergavenny, Gwent, NP7 5AA, Wales.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements 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.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax in line with the company's principal activity which is that of a pharmacy. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. The freehold property held by the company has not been depreciated on the grounds that such depreciation charge would be immaterial. It is considered that the freehold property has a very long useful life and its present residual value is in excess of the historical cost at which it is included in these financial statements.

Depreciation

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

Motor vehicles	-	20% Reducing balance
Equipment	-	10% Reducing balance Broad Street and 20% Straight line Chandros

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2024: 24 ).

5. Tangible assets

	Land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 November 2024	1,393,138	9,400	175,537	1,578,075
Disposals	–	( 9,400)	( 32,868)	( 42,268)
	------------	-------	---------	------------
At 31 October 2025	1,393,138	–	142,669	1,535,807
	------------	-------	---------	------------
Depreciation
At 1 November 2024	–	7,680	153,772	161,452
Charge for the year	–	344	5,024	5,368
Disposals	–	( 8,024)	( 30,982)	( 39,006)
	------------	-------	---------	------------
At 31 October 2025	–	–	127,814	127,814
	------------	-------	---------	------------
Carrying amount
At 31 October 2025	1,393,138	–	14,855	1,407,993
	------------	-------	---------	------------
At 31 October 2024	1,393,138	1,720	21,765	1,416,623
	------------	-------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	296,642	296,508
Amounts owed by group undertakings	820,004	740,804
Other debtors	47,830	40,344
	------------	------------
	1,164,476	1,077,656
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	23,458	10,000
Trade creditors	284,249	379,270
Social security and other taxes	36,538	38,737
Other creditors	20,132	34,034
	---------	---------
	364,377	462,041
	---------	---------

Included in the above are secured creditors amounting to £6,667 (2024: 10,000).

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

	2025	2024
	£	£
Bank loans and overdrafts	–	6,667
	----	-------

9. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	–	9,375
	----	-------

10. Related party transactions

During the year the company purchased goods and services from H Shackleton Limited, a company in which the directors have a participating interest. The value of these transactions was £24,021 (2024:£22,668). The company also sold goods to H Shackleton with the value of £27,397 (2024: £6,653). The total amount owed by H Shackleton Limited at the year end was £820,004 (2024:£740,804).

11. Financial commitments, guarantees and contingent liabilities

A cross guarantee exists in favour of Lloyds Bank covering amounts of loans and overdrafts owed by H Shackleton Limited, which was the parent company until 5 March 2018 and is now an entity in which the owners of this company have a participating interest. The value of this indebtedness at the year end was £648,206 (2024: £785,380).

12. Parent company

The company is a wholly owned subsidiary of Chave and Jackson (Holdings ) Limited.