Chew Valley Construction Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Chew Valley Construction Limited

Company Information

Directors

Mrs J Manning Mr J Kelly

Company secretary

Mrs J Manning

Registered Office

Unit 2 95 Church Road Bishopsworth Bristol BS13 8JU

Registered Number

02068614

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Chew Valley Construction Limited

(Registration number: 02068614)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	232,455	279,561
Current assets
Stocks		10,578	2,771
Debtors	5	763,384	577,491
Cash at bank and in hand		1,248,046	1,320,646
		2,022,008	1,900,908
Creditors: Amounts falling due within one year	6	(639,140)	(627,764)
Net current assets		1,382,868	1,273,144
Total assets less current liabilities		1,615,323	1,552,705
Provisions for liabilities		(49,472)	(62,121)
Net assets		1,565,851	1,490,584
Capital and reserves
Called up share capital		90	90
Capital redemption reserve		10	10
Retained earnings		1,565,751	1,490,484
Shareholders' funds		1,565,851	1,490,584

Chew Valley Construction Limited

(Registration number: 02068614)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 27 August 2026 and signed on its behalf by:
 

......................................... Mrs J Manning Company secretary and director

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Unit 2 95 Church Road
Bishopsworth
Bristol
BS13 8JU

These financial statements were authorised for issue by the Board on 27 August 2026.

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. 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.

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 in the countries where the company operates and generates taxable income.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Improvements to property	20% on cost
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.

The cost of finished goods and work in progress comprises all costs of purchase, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. 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.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Rentals paid 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2025 - 23).

4	Tangible assets

	Improvements to property £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	41,145	130,766	666,353	838,264
Additions	-	4,417	61,252	65,669
Disposals	-	-	(22,250)	(22,250)
At 31 March 2026	41,145	135,183	705,355	881,683
Depreciation
At 1 April 2025	41,145	113,804	403,754	558,703
Charge for the year	-	7,135	105,640	112,775
Eliminated on disposal	-	-	(22,250)	(22,250)
At 31 March 2026	41,145	120,939	487,144	649,228
Carrying amount
At 31 March 2026	-	14,244	218,211	232,455
At 31 March 2025	-	16,962	262,599	279,561

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Debtors

	2026 £	2025 £
Trade debtors	694,611	512,864
Prepayments	68,273	64,047
Other debtors	500	580
	763,384	577,491

6

Creditors

Due within one year	Note	2026 £	2025 £
Trade creditors		354,008	302,221
Amounts owed to related parties	8	2,938	2,314
Taxation and social security		184,299	185,292
Accruals and deferred income		76,647	119,138
Other creditors		21,248	18,799
		639,140	627,764

7	Financial commitments, guarantees and contingencies

Pension commitments

Included in the balance sheet are pensions of £4,055 (2025 - £3,605). The company participates in 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.

Off balance sheet commitments

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £2,970 (2025 - £Nil).

Chew Valley Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8	Related party transactions

Loans from related parties

2026	Key management £	Total £
At start of period	2,314	2,314
Advanced	27,624	27,624
Repaid	(27,000)	(27,000)
At end of period	2,938	2,938

2025	Key management £	Total £
At start of period	1,690	1,690
Advanced	27,624	27,624
Repaid	(27,000)	(27,000)
At end of period	2,314	2,314

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.