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Registration number: 01222211

Chelford Farm Supplies Limited
Annual Report and Unaudited Financial Statements
For The Year Ended 30 November 2025

Chelford Farm Supplies Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Chelford Farm Supplies Limited

(Registration number: 01222211)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,847,269 |  | 1,528,695
Other financial assets | 5 |  | 2,000 |  | 2,000
|  |  | 1,849,269 |  | 1,530,695
Current assets |  |  |  |  |
Stocks | 6 | 1,583,999 |  | 1,470,156 |
Debtors | 7 | 1,098,411 |  | 1,073,767 |
Cash at bank and in hand |  | 1,503,098 |  | 991,231 |
|  | 4,185,508 |  | 3,535,154 |
Creditors: Amounts falling due within one year | 8 | (3,313,033) |  | (2,582,506) |
Net current assets |  |  | 872,475 |  | 952,648
Total assets less current liabilities |  |  | 2,721,744 |  | 2,483,343
Creditors: Amounts falling due after more than one year | 8 |  | (71,545) |  | (31,542)
Provisions for liabilities |  |  | (83,684) |  | (59,287)
Net assets |  |  | 2,566,515 |  | 2,392,514
Capital and reserves |  |  |  |  |
Called up share capital |  | 6,800 |  | 6,800 |
Profit and loss account |  | 2,559,715 |  | 2,385,714 |
Total equity |  |  | 2,566,515 |  | 2,392,514

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:

......................................... Mr S.R. Leech Director

Chelford Farm Supplies Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Knutsford Road
Chelford
Macclesfield
Cheshire
SK11 9AS
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102, including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Chelford Farm Supplies Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2025 (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | 2% on cost
Plant & machinery | 15% on reducing balance
Fixtures & fittings | 15% on reducing balance
Motor vehicles | 25% on reducing balance
Office equipment | at varying rates on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution pension plan for its directors and employees. A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. Amounts not paid are shown in accruals as a liability on the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 54 (2024 - 49).

Chelford Farm Supplies Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and equipment £ | Total £
Cost or valuation
At 1 December 2024 | 1,555,983 | 248,930 | 318,573 | 281,105 | 2,404,591
Additions | 322,440 | 55,491 | 89,340 | 30,050 | 497,321
Disposals | - | (56,553) | (129,445) | (10,956) | (196,954)
At 30 November 2025 | 1,878,423 | 247,868 | 278,468 | 300,199 | 2,704,958
Depreciation
At 1 December 2024 | 328,011 | 169,805 | 183,800 | 194,280 | 875,896
Charge for the year | 24,689 | 22,106 | 46,588 | 17,901 | 111,284
Eliminated on disposal | - | (26,853) | (91,682) | (10,956) | (129,491)
At 30 November 2025 | 352,700 | 165,058 | 138,706 | 201,225 | 857,689
Carrying amount
At 30 November 2025 | 1,525,723 | 82,810 | 139,762 | 98,974 | 1,847,269
At 30 November 2024 | 1,227,972 | 79,125 | 134,773 | 86,825 | 1,528,695

5 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 December 2024 | 2,000 | 2,000
At 30 November 2025 | 2,000 | 2,000
Carrying amount
At 30 November 2025 | 2,000 | 2,000

6 | Stocks

| 2025 £ | 2024 £
Stocks | 1,583,999 | 1,470,156

Chelford Farm Supplies Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2025 (continued)

7 | Debtors

Debtors: amounts falling due within one year | 2025 £ | 2024 £
Trade debtors | 1,061,495 | 1,031,522
Prepayments | 29,990 | 34,024
Other debtors | 6,926 | 8,221
| 1,098,411 | 1,073,767

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Hire purchase liability | 51,379 | 22,229
Trade creditors | 2,122,500 | 1,649,150
Taxation and social security | 373,394 | 389,995
Other creditors | 765,760 | 521,132
| 3,313,033 | 2,582,506

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Hire purchase liability | 71,545 | 31,542

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £122,924. (2024 - £53,771). The liabilities are secured on the assets to which they relate.

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 2,100 | 9,435
Later than one year and not later than five years | 82,269 | 124,253
| 84,369 | 133,688