REGISTERED NUMBER: 02735673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

CHATWAY LIMITED

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

DIRECTOR:

P D Sciallo

REGISTERED OFFICE:

167-169 Great Portland Street

London

Greater London

W1W 5PF

REGISTERED NUMBER:

02735673 (England and Wales)

ACCOUNTANTS:

Donachie Chartered Accountants

2nd Floor

Templeton House

62 Templeton Street

Glasgow

G40 1DA

FIXED ASSETS

Tangible assets

4

96,877

81,218

CURRENT ASSETS

Stocks

5

66,424

103,308

Debtors

6

64,790

44,228

Cash at bank and in hand

50,673

55,031

181,887

202,567

CREDITORS

Amounts falling due within one year

7

166,889

150,261

NET CURRENT ASSETS

14,998

52,306

TOTAL ASSETS LESS CURRENT LIABILITIES

111,875

133,524

CREDITORS

Amounts falling due after more than one year

8

8,333

28,333

NET ASSETS

103,542

105,191

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

103,442

105,091

SHAREHOLDERS' FUNDS

103,542

105,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2026 and were signed by:

P D Sciallo - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 March 2024

100

105,264

105,364

Changes in equity

Total comprehensive loss

-

(173

)

(173

)

Balance at 28 February 2025

100

105,091

105,191

Changes in equity

Dividends

-

(20,600

)

(20,600

)

Total comprehensive income

-

18,951

18,951

Balance at 28 February 2026

100

103,442

103,542

1.	STATUTORY INFORMATION

Chatway 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.

Turnover

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

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.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, including trade and other debtors and cash at bank, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. Where an arrangement constitutes a financing transaction, the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, accruals, bank loans, other loans and amounts owed to directors or group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. Where an arrangement constitutes a financing transaction, the financial liability is measured at the present value of the future payments discounted at a market rate of interest.

Basic financial assets and liabilities are subsequently measured at amortised cost using the effective interest method.

At each reporting date, financial assets measured at amortised cost are assessed for objective evidence of impairment. Where an impairment is identified, the impairment loss is recognised in profit and loss.

Financial assets are derecognised when the contractual rights to the cash flows from the asset expire, are settled, or substantially all the risks and rewards of ownership of the asset are transferred. Financial liabilities are derecognised when the obligation specified in the contract is discharged, cancelled or expires.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The financial statements have been prepared on the going concern basis.

In adopting the going concern basis, the director has considered the company’s current financial position, working capital requirements and expected future trading performance. The director has also considered the availability of existing banking and funding arrangements and the company’s ability to meet its liabilities as they fall due.

On the basis of that review, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

66,329

649

163,651

2,782

233,411

Additions

-

-

37,991

400

38,391

Disposals

-

-

(18,600

)

-

(18,600

)

At 28 February 2026

66,329

649

183,042

3,182

253,202

DEPRECIATION

At 1 March 2025

52,327

443

97,824

1,599

152,193

Charge for year

3,500

52

16,322

375

20,249

Eliminated on disposal

-

-

(16,117

)

-

(16,117

)

At 28 February 2026

55,827

495

98,029

1,974

156,325

NET BOOK VALUE

At 28 February 2026

10,502

154

85,013

1,208

96,877

At 28 February 2025

14,002

206

65,827

1,183

81,218

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2025

and 28 February 2026

54,259

DEPRECIATION

At 1 March 2025

23,738

Charge for year

7,630

At 28 February 2026

31,368

NET BOOK VALUE

At 28 February 2026

22,891

At 28 February 2025

30,521

5.

STOCKS

2026

2025

£

£

Work-in-progress

66,424

103,308

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

39,912

27,583

Corporation tax recoverable

1,912

1,912

Other debtors

5,861

-

Directors' loan accounts

-

5,668

Prepayments

17,105

9,065

64,790

44,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,334

3,333

Hire purchase contracts

10,000

10,000

Trade creditors

45,015

75,836

Corporation tax

22,184

21,826

Social security and other taxes

220

-

VAT

5,804

4,791

Other creditors

3,883

-

Directors' loan accounts

14

-

Accruals and deferred income

76,435

34,475

166,889

150,261

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

10,000

Hire purchase contracts

8,333

18,333

8,333

28,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

18,333

28,333

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 March 2025

105,091

Profit for the year

18,951

Dividends

(20,600

)

At 28 February 2026

103,442

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

P D Sciallo

Balance outstanding at start of year

5,668

1,519

Amounts advanced

-

4,149

Amounts repaid

(5,682

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(14

)

5,668

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,600 were paid to the director .

14.	ULTIMATE CONTROLLING PARTY

The controlling party is P D Sciallo.