CHILTERN INDUSTRIAL MACHINING

SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

10

DIRECTOR:

P L J Todd

SECRETARY:

S G Todd

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Eastate

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

04545564 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

BANKERS:

National Westminster Bank Plc

231 Bedford Road

Kempston

Bedford

Bedfordshire

MK42 8DB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,279

33,519

Investments

6

100

100

Investment property

7

1,165,000

1,200,000

1,191,379

1,233,619

CURRENT ASSETS

Stocks

3,250

3,500

Debtors

8

87,775

129,875

Cash at bank and in hand

66,059

81,371

157,084

214,746

CREDITORS

Amounts falling due within one year

9

272,720

295,479

NET CURRENT LIABILITIES

(115,636

)

(80,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,075,743

1,152,886

CREDITORS

Amounts falling due after more than one year

10

(389,796

)

(408,951

)

PROVISIONS FOR LIABILITIES

(22,018

)

(29,091

)

NET ASSETS

663,929

714,844

CAPITAL AND RESERVES

Called up share capital

200

200

Non distributable reserves

104,607

135,835

Retained earnings

559,122

578,809

SHAREHOLDERS' FUNDS

663,929

714,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 31st July 2026 and were signed by:

P L J Todd - Director

1.	STATUTORY INFORMATION

Chiltern Industrial Machining Services 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 as modified by the revaluation of certain assets.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Chiltern Industrial Machining Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the transfer of the the partnership Chiltern Industrial Machining Services on 1st November 2002, is being written off 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

not provided10 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

Stocks

Stock is valued at the lower of cost and net realisable value. Work in progress is valued at direct costs plus an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

65,000

AMORTISATION

At 1st November 2024

and 31st October 2025

65,000

NET BOOK VALUE

At 31st October 2025

-

At 31st October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st November 2024

799

92,153

1,009

Additions

-

-

-

At 31st October 2025

799

92,153

1,009

DEPRECIATION

At 1st November 2024

-

76,557

969

Charge for year

-

3,122

6

At 31st October 2025

-

79,679

975

NET BOOK VALUE

At 31st October 2025

799

12,474

34

At 31st October 2024

799

15,596

40

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st November 2024

74,659

5,879

174,499

Additions

-

332

332

At 31st October 2025

74,659

6,211

174,831

DEPRECIATION

At 1st November 2024

58,200

5,254

140,980

Charge for year

4,115

329

7,572

At 31st October 2025

62,315

5,583

148,552

NET BOOK VALUE

At 31st October 2025

12,344

628

26,279

At 31st October 2024

16,459

625

33,519

The net book value of tangible fixed assets includes £ 8,542 (2024 - £ 11,390 ) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Interest

in

subsidiary

£

COST

At 1st November 2024

and 31st October 2025

100

NET BOOK VALUE

At 31st October 2025

100

At 31st October 2024

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

1,200,000

Revaluations

(35,000

)

At 31st October 2025

1,165,000

NET BOOK VALUE

At 31st October 2025

1,165,000

At 31st October 2024

1,200,000

Fair value at 31st October 2025 is represented by:

£

Valuation in 2017

84,259

Valuation in 2020

65,000

Valuation in 2022

57,586

Valuation in 2024

(50,000

)

Cost

1,043,155

1,200,000

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

1,200,000

Revaluations

(35,000

)

1,165,000

CLIENT SCREEN TOTAL

=

1,200,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,043,155

1,043,155

Investment properties were valued on a fair value basis on 31st October 2025 by Mr P L J Todd, a director .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

92,142

133,731

Doubtful debt provision

(12,844

)

(12,159

)

Prepayments

8,477

8,303

87,775

129,875

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

23,876

29,157

Hire purchase contracts (see note 11)

559

6,490

Trade creditors

67,245

85,750

Corporation tax

35,976

76,198

Social security and other taxes

50,251

23,521

VAT

13,315

7,724

Company credit card

806

7,756

Directors' current accounts

71,674

49,158

Accrued expenses

9,018

9,725

272,720

295,479

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

389,796

408,392

Hire purchase contracts (see note 11)

-

559

389,796

408,951

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

559

6,490

Between one and five years

-

559

559

7,049

Non-cancellable

operating leases

2025

2024

£

£

Within one year

41,000

41,000

Between one and five years

20,500

61,500

61,500

102,500

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

413,672

437,549

The bank loans are secured by a legal mortgages over the company's investment properties.

13.	RELATED PARTY DISCLOSURES

During the year the company generated rental income on its investment property from family members of the director.

The rent receivable amounted to £25,200 (2024: £25,200).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chiltern Industrial Machining Services Limited for the year ended 31st October 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chiltern Industrial Machining Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chiltern Industrial Machining Services Limited and state those matters that we have agreed to state to the director of Chiltern Industrial Machining Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chiltern Industrial Machining Services Limited and its director for our work or for this report.

It is your duty to ensure that Chiltern Industrial Machining Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chiltern Industrial Machining Services Limited. You consider that Chiltern Industrial Machining Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chiltern Industrial Machining Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

31st July 2026